The board will annually review the statement of expenditures and revenues of the department. The board will use the information from the review and recommendations from the city clerk, auditors and the director to adjust schedules of rates, fees and charges for all service by the department. System revenues shall be sufficient at all times, after making reasonable allowances for contingencies and errors in estimates to pay the operation and maintenance expenses and produce net revenues to retire any outstanding indebtedness, and maintain any reserve accounts for system replacement and capital improvements.
If recommended actions are not taken, the board shall specifically address why recommended action was not taken. (Ord. 219, 10-11-2006)