Monterey Park Municipal Code Ch. 3.08 Funds

There is created the water fund. All revenues of the water department including all service charges and rates for water sold, connection fees, forfeitures and all other income and receipts derived by or arising from the entire waterworks system of the city shall be placed and kept in the water fund. Sums shall be transferred from the water fund to the waterworks maintenance and operation fund, as provided in Section 3.08.020.

(Prior code § 2603)

There is created the waterworks maintenance and operation fund. Monthly sums sufficient for the necessary and reasonable maintenance and operation costs of the entire waterworks system of the city (which costs include the reasonable expenses of management, repair and other expenses necessary to maintain and preserve said waterworks in good repair and working order) shall be paid from the water fund into the maintenance and operation fund, and all of the maintenance and operation costs shall be paid from said fund.

(Prior code § 2604)