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The finance director shall keep such books, accounts and records as are necessary to control and report the financial operations of the computer services fund, and shall further subdivide the cash account thereof into two separately designated accounts as follows:

A. Account “A,” which shall be the “current operating account” into which shall be placed those portions of the charges made to the various city divisions and departments, in accordance with the provisions of Section 3.42.030, which are specifically billed divisions and departments to provide sufficient moneys to pay the salaries and wages, materials, overhead, lease or rental costs, and other costs necessary to operate and maintain all computer equipment rented thereto. There shall also be placed into Account “A” moneys which may from time to time be made specifically available thereto by action of the city council.

B. Account “B,” which shall be the “computer equipment reserve account” into which shall be placed those portions of the charges made to the various city divisions and departments, in accordance with the provisions of Section 3.42.030, which are specifically billed divisions and departments to provide sufficient moneys, having first taken into consideration the necessary operating and maintenance costs billed under the preceding paragraph, to pay the costs of purchasing or replacing that portion of the computer equipment which is or will be owned by the city and is required to carry out the purposes of the computer services fund. There shall also be placed in Account “B” moneys which are derived from the direct sale of any of the equipment or other capital assets of the fund and any moneys which may from time to time be made specifically available thereto by action of the city council. (Ord. 1021 §25, 1995; Ord. 268 §1 (part), 1972).