[Adopted 2-22-2000 by Ord. No. O-00-02
(Secs. 10-70 to 10-71 of the 1987 Code)]
This article provides for a Solid Waste Disposal Fund as a municipal
enterprise and a legal and accounting entity to continue the activities and
accounting system of the Solid Waste Disposal Fund established by Resolutions
R-87-225 and R-88-39.
The Solid Waste Disposal Fund shall be a legal and accounting entity
of the City. All related revenues from solid waste fees will be credited to
this fund, and all expenditures for the operation and maintenance of the system
and other obligations of the system, including capital replacements and improvements,
will be charged to this fund. The earnings and other reserves of the system
will be retained in this fund. Current-year surplus (inclusive of excess revenues
and/or unexpended appropriations) and accumulated retained earnings will not
be used for any purpose other than those specified above without the prior
approval of the Board of Public Works.
There is also established a Solid Waste Equipment Reserve Fund as part
of the Solid Waste Disposal Fund. Custody of the fund shall be under the control
of the Trustees of trust funds, which shall hold the fund in trust for the
Board of Public Works. The Board of Public Works shall be responsible for
all expenditures from the fund.
The administration of the provisions of this article shall be the responsibility
of the Director of Public Works.
The Division of Financial Services shall be responsible for the preparation
of monthly and quarterly bills, the receipt and care of all funds, and the
maintenance of general and operating account records required to show the
results of operations and the financial condition of the fund.
