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<br />Escrow Supplement: an amount not to exceed $ being legally available <br />moneys of the City, which shall be deposited to the Escrow Account and used to supplement <br />the proceeds of the Bonds. <br />Event of Default: anyone or more of the events set forth m Section 22 of this <br />Ordinance. <br />Federal Securities: direct obligations of, or obligations the timely payment of the <br />principal of and interest on which are unconditionally guaranteed by, the United States of <br />America. <br />Fiscal Year: the twelve (12) months commencing January 1 of any year and ending <br />December 31 of said year. <br />Gross Revenue: all mcome and revenues directly or indirectly derived by the City <br />from the operation and use of the System, or any part thereof, including without limitation, <br />any rates, fees, plant investment fees, assessment fees, standby charges, availability fees, tolls, <br />and charges for the services furnished by, or the use of, the System, and all income <br />attributable to any past or future dispositions of System property or rights or related <br />contracts, settlements, or judgments, and including investment income accruing from moneys <br />held to the credit of the Sewer Revenue Fund; provided however, that there shall be <br />excluded from Gross Revenue any moneys borrowed and used for providing Capital <br />Improvements; any money and securities, and investment income therefrom, in any refunding <br />fund, escrow account, or similar account pledged to the payment of any bonds or other <br />obligations; and any moneys received as grants or appropriations from the United States, the <br />State of Colorado, or other sources, the use of which is limited or restricted by the grantor <br />or donor to the provision of Capital Improvements or for other purposes resulting in the <br />general unavailability thereof, except to the extent any such moneys shall be received as <br />payments for the use of the System, services rendered thereby, the availability of any such <br />service, or the disposal of any commodities therefrom. <br />Independent Accountant: a Certified Public Accountant who is independent in fact <br />and not an officer or employee of the City. <br />Interest Sub-Account: a sub-account of the Bond Account created by the provisions <br />of this Ordinance. <br /> <br />-7- <br />