3.64.010 - Fund established.

(a)

Fund number 13330 is established as the cumulative reserve Beard's Cove water system fund to meet the needs of Resolution 48-92, which requires that a portion of the monthly water rate fee be set aside into a reserve fund.

(b)

The county treasurer is directed to invest any surplus moneys in this fund for the maximum production of revenue.

(Res. 48-92, 1992).