The coins required to be deposited in parking meter as aforesaid, are hereby levied and assessed as fees to provide for the proper regulations and control of traffic upon the streets in Wilson Borough, including the cost of supervision and regulating the parking of vehicles in the aforesaid zones created hereby and the cost of purchase, supervision, protection, inspection, installation operation, maintenance, control and use of the aforesaid parking meters. The coins so deposited in said parking meters shall be collected and accounted for under the direction of the Chief of Police and shall by him or his designee be deposited at least once every three weeks in the financial institution designated by the Borough Manager.