A. System Of Accounts: The City Treasurer shall establish a proper system of accounts and shall keep proper books, records, and accounts in which complete and correct entries shall be made of all transactions relative to the combined waterworks and sewerage system and at regular annual intervals he shall cause to be made an audit by a certified public accountant of the books to show the receipts and disbursements of the combined waterworks and sewerage system as well as other necessary information.
B. Monthly Reports: Furthermore, it shall be the duty of the City Treasurer to file with the City Council a monthly report which shall include for the month:
1. A list of the turn-off notices which he provided the Superintendent of the system;
2. A list of the current month delinquencies;
3. The number of bills mailed;
4. The number of gallons billed or sold;
5. The number of gallons pumped into the system;
6. A list of the various revenues of the system for the month and total year to date along with the expenses for the month and total year to date;
7. The cash balances and investments on hand in each of the several funds of the waterworks and sewerage system.
C. Annual Audit: In addition to the customary operating statement, the annual audit report shall also reflect the revenues and operating expenses of the waterworks facilities and wastewater facilities, including a replacement cost, to indicate that the sewer service charges under the waste cost recovery system and capital amounts required to be recovered under the industrial cost recovery system do in fact meet these regulations. In this regard, the financial information to be shown in the audit report shall include the following:
1. Flow data showing total gallons dumped to the water distribution system;
2. Flow data showing total gallons received at the wastewater plant for the current fiscal year;
3. Billing data to show total number of gallons billed for water use and sewer use;
4. Debt service for the next succeeding fiscal year;
5. Number of users connected to the system;
6. Number of nonmetered users;
7. A list of users discharging nondomestic waste (industrial users) and volume of waste discharged.
D. Access To Records: The Illinois environmental protection agency, or its authorized representative, shall have access to any books, documents, papers and records of the city which are applicable to the city system of user charges or industrial cost recovery for the purpose of making audit, examination, excerpts and transcriptions thereof to ensure compliance with the terms of the special and general conditions to any state grant. (Ord. 146, 1980)