(A) Collection of data. During the fiscal year, the village shall collect data from the treatment facilities, accounting for flows and loadings received at the treatment plant attributable to each user class. In addition, the cost data associated with the treatment of each user class's wastes shall also be collected and retained for future reference.
(B) Estimate of anticipated costs. Prior to the close of each fiscal year, the village shall prepare an estimate of anticipated costs of operation and maintenance, including replacement for the forthcoming fiscal year. The estimates shall be prepared in accordance with generally accepted accounting principles. Based upon the anticipated budget and data from the previous fiscal year, the rates will be reviewed and adjusted periodically with the following criteria applied.
(1) Generating revenues. Revenues to offset the cost of operation and maintenance costs, including replacement of the treatment works shall be generated by each user class in proportion to each user’s contribution to the total wastewater loadings and cost to treat each user's wastes.
(2) Rate sufficiency. The rate shall generate sufficient revenues to offset the costs of all treatment works operation and maintenance costs, including replacement and the other expenditures authorized by this subchapter.
(3) Replacement costs. Replacement cost needs shall be determined by an evaluation of treatment facilities assets utilizing asset values of the treatment facilities, service lives, salvage values, level of the replacement fund and other criteria determined appropriate.
(C) Accounts. Revenues generated by user charge rates shall be deposited in a separate account and used solely for the purposes of operation and maintenance costs, including replacement of the treatment works.
(D) No free service. There shall be no free service or discounts of the established rates provided any user.
(1992 Code, § 84.003) (Ord. 4-82, passed - - 1982)