[Ord. No. 1233-20, 5-11-2020; Ord. No. 1245-20, 8-24-2020]
A. 
To reimburse the costs incurred by the General Fund in support of the Electric, Water and Wastewater Departments, there will be transferred to the General Fund from the Electric, Water and Wastewater Funds an amount equal to eight percent (8%) of the gross receipts by such funds derived from all sales of electric, water and wastewater utility services, subject to the following modifications and exclusions:
1. 
All sales to Missouri Public Energy Pool (MoPEP) are excluded.
2. 
Wholesale sales of utilities are excluded.
3. 
Interdepartmental sales to departments of the City are excluded.
4. 
Miscellaneous non-recurring sales (for example, payment for a damaged light pole) are excluded.
B. 
All funds shall be transferred in monthly installments within thirty (30) days after the end of each month.
C. 
The funds transferred shall be distributed to the General Fund of the City and then allocated to the departments pursuant to the adopted budget of the City.
D. 
The fund transfer amount percentage represent the City's best determination of the total costs of services and personnel by the City departments other than the Electric, Water and Wastewater Departments supporting the operation and administration of the Electric, Water and Wastewater Departments including but not limited to costs for the maintenance and use of City streets, rights-of-way, and other City property for utility purposes, the cost of providing police protection for the utility facilities, the costs of providing fire protection, administrative costs for selection and maintenance of an insurance program and employee benefits programs.
E. 
The City will furnish annually accounting of the expenses that make up the eight percent (8%) expense transfer. This will allow for an accounting adjustment.
F. 
The interfund transfer will be reduced or eliminated in any year there are not enough funds in the Enterprise Fund to make the required bond and reserve payments for as long as the bond is in place.