(A) The Village Manager, together with the Finance Director, shall submit a monthly report to the Village President and Board of Trustees, listing therein, but not limited to, the following data received to the combined system:
(1) Billings for services rendered;
(2) Collections;
(3) Expenditures and accounts charged; and
(4) Cash balances at beginning and end of period.
(B) In addition to the filing of a monthly report, the Village Manager and the Finance Director shall file an annual report, listing, in addition to the above divisions (A)(1) through (A)(4), the following:
(1) Applications for service approved and fees received;
(2) Volume of water purchased, billed and unaccounted for;
(3) Number of metered and unmetered customers connected to the system at the beginning and at the end of period; and
(4) Details of any major repairs and extensions to mains or other pertinent facts.