1. A utility board shall control tax revenues allocated to the city utility,city utilities,or combined utility system itadministers and all moneys derived from the operation of the city utility,city utilities, or combined utility system, the sale of utility property, interest on investments, or from any other source related to the city utility, city utilities, or combined utilitysystem. 2. All city utilitymoneys received must be held in a separate utility fund, with a separate account or accounts for each city utilityor combined utility system. If a board administers a municipal utility or combined utilitysystem, moneys may be paid out of that utilityaccount only at the direction of the board.
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