A fund is hereby established to be known as the "Downingtown Borough Refuse Fund." The money in said fund shall be deposited and invested in any financial institution approved by the Downingtown Borough Council.
[Adopted 12-14-1988 by Ord. No. 88-18[1]]
[1]
Editor's Note: This ordinance was adopted pursuant to the Act of February 1, 1966, P.L. (1965) No. 581, § 1201(32) [53 P.S. § 46202(32)].
A.
All moneys received from residential and commercial customers and all moneys donated or granted to the Borough of Downingtown by any person or other legal entity, including governmental bodies or agencies, for the purpose of providing and maintaining a refuse collection and disposal service shall be deposited in said fund.
B.
Said moneys to be deposited in said fund shall include any license fees and any fines or penalties arising from the violation of any Borough ordinance or legal contract establishing or regulating the collection and disposal of refuse within the Borough of Downingtown.
The fund is hereby created for the purpose of segregating all revenues and expenditures associated with the collection and disposal of refuse within the Borough of Downingtown from other sources of revenue and other expenditures. Additional funds may be appropriated from the general fund, from time to time, to augment said fund, if deemed necessary by the Borough Council.
The officers of the Borough are hereby directed to create the necessary deposit accounts in the best interests of the Borough.