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(iv) all investment earnings on amounts in the Improvement Bonds Account of the Debt Service Fund; (v) proceeds of ad valorem property taxes levied pursuant to Section 4.08 or to be levied for the Improvement Project (the "Improvement Taxes"), which Improvement Taxes are pledged to the hnprovement Bonds Account; and (vi) any other funds appropriated for the payment of principal or interest on the Improvement Bonds. The Finance Director must report to the City Council any current or anticipated deficiency in the hnprovement Bonds Account or in the availability of Improvement Taxes and Assessments to pay principal of and interest on the Improvement Bonds. If a payment of principal or interest on the Improvement Bonds becomes due when there is not sufficient money in the Improvement Bonds Account in the Debt Service Fund to pay the same, the City Finance Director is directed to pay such principal or interest from the general fund of the City, and the general fund will be reimbursed for the advances out of the proceeds of Improvement Taxes and Assessments when collected. (b) Utility Bonds Account. The City will continue to maintain and operate its sewer and water utility funds, to which will be credited, respectively, all gross revenues of the Sewer System and Water System (the "Systems"), and out of which will be paid all normal and reasonable expenses of current operations of the Systems. Any balances therein are deemed net revenues (the "Net Revenues") and will be transferred, from time to time, to the Utility Bonds Account of the Debt Service Fund in an amount sufficient to pay the principal of and interest on the Utility Bonds, which Utility Bonds Account will be used only to pay principal of and interest on the Utility Bonds, and any other bonds similarly authorized. There is also appropriated to the Utility Bonds Account (i) any collections of taxes hereafter levied for the payment of the Utility Bonds and interest thereon, (ii) a pro rata portion of any amount over the minimum purchase price paid by the Purchaser, to the extent designated for deposit in the Debt Service Fund in accordance with Section 1.03 hereof, (iii) all investment earnings on funds in the Utility Bonds Account of the Debt Service Fund; and (iv) any other funds appropriated for the payment of principal or interest on the Utility Bonds. The Finance Director must report to the City Council any current or anticipated deficiency in the Utility Bonds Account or in the availability of Net Revenues to pay principal of and interest on the Utility Bonds and any other bonds similarly authorized. If a payment of principal or interest on the Utility Bonds becomes due when there is not sufficient money in the Utility Bonds Account in the Debt Service Fund to pay the same, the City Finance Director is directed to pay such principal or interest from the general fund of the City, and the general fund will be reimbursed for the advances out of the proceeds of Net Revenues and taxes when collected. (c) CIP Bonds Account. To the CIP Bonds Account in the Debt Service Fund there is hereby pledged and irrevocably appropriated and there will be credited: (i) proceeds of ad valorem property taxes levied pursuant to Section 4.09 or to be levied for the CIP Project (the "CIP Taxes"), which CIP Taxes are pledged to the CIP Bonds Account, (ii) capitalized interest financed from CIP Bond proceeds, if any; (iii) a pro rata portion of the amount over the minimum purchase price paid by the Purchaser, to the extent designated for deposit in the Debt Service Fund in accordance with Section 1.03 hereof; (iv) all investment earnings on amounts in the CIP Bonds Account of the Debt Service Fund; (v) any ad valorem taxes collected for the payment of Lease payments with respect to the Series 2018A Bonds LA515-85-748617.v2