3.30.010 Created.
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There are hereby created and established separate and distinct utility reserve accounts to accumulate utility revenues for the purpose of financing long-term system repairs, upgrades, revisions, replacements, and extensions as follows (CMC 13.90.010):
(1) Water Cumulative Reserve Fund 402;
(2) Sewer Cumulative Reserve Fund 403;
(3) Water Debt Service Reserve Fund 406;
(4) Sewer Debt Service Reserve Fund 407;
(5) Such other utility accounts as the council may direct by ordinance. (Ord. 619, 2019)