Sec. 197.2. Clearing accounts, purpose of

(a) The clearing accounts are designed to facilitate the distribution of certain expenditures which usually affect both construction and operations or which affect electric operations and other operations of the municipal electric utility. Clearing accounts other than those provided herein may be kept.

(b) Balances in clearing accounts shall be fully cleared not later than the end of the fiscal year unless items held therein unquestionably relate to a future period, except that items incurred during the last month of a fiscal year may be carried over to be cleared in the following month.