What happens to leftover money after an improvement project

After completion and acceptance of all construction work and full payment of all costs and expenses of the improvement for any improvement district, including final judgment in any condemnation action required to be commenced, if any moneys remain in the improvement account specified in section 14.50.230 , same shall be transferred to the reserve fund for such improvement district established pursuant to section 14.52.070 , if any, or if no reserve fund was established, then to the bond account specified in section 14.50.230 ; provided, however, the council may determine at the time of issuance of bonds pursuant to chapter 14.52 that any such surplus shall be credited to any governmental agencies or authorities, including the department of water supply and the county, which made contributions toward the cost of the improvement as provided in sections 14.38.060 or 14.38.070 , in the proportion which such contributions bear to the total estimated cost of the improvement, in which event all such credits shall be returned in cash to the agencies or authorities making such contribution and the remaining surplus, if any, shall then be transferred as set forth in this section. (Ord. 801 § 1 (part), 1974: prior code § 25-6.5)