§ 9.04. Accounts and Finances.

Separate accounts shall be kept for each public utility owned and operated by the City. Such accounts shall be classified and made in accordance with generally accepted municipal utility accounting practice. Charges for all services furnished to or rendered by other City departments or agencies including City tax equivalents if required by the Council shall be recorded. An annual report shall be prepared to show fairly the financial position of the utility and the results of its operations, which report shall be on file in the office of the Clerk for public inspection.