(A) Sewer revenues.
(1) All revenues and monies derived from the operation of the sewer system shall be deposited in the Water Fund. All such revenues and monies shall be held by the Treasurer separate and apart from his or her private funds and separate and apart from all other funds of the city and all of said sum, without any deductions whatever, shall be delivered to the Treasurer not more than ten days after receipt of the same or at such more frequent intervals as may, from time to time, be directed by the City Council.
(2) The Treasurer shall receive all such revenues from the water and sewer systems and all other funds and monies incident to the operation of such system as the same may be delivered to him or her and deposit the same in the account of the fund designated as the City Water and Sewage Fund. The Treasurer shall administer such fund in every respect in the manner provided by 65 ILCS 5/3.1-35-40 et seq.
(Prior Code, § 38-4-72)
(B) Sewer accounts. The 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 water and sewer systems, and at regular annual intervals, he or she shall cause to be made an audit by an independent auditing concern of the books to show the receipts and disbursements of the water and sewer systems.
(1) In addition to the customary operating statements, the annual audit report shall also reflect the revenues and operating expenses of the sewer facilities, including a replacement cost, to indicate that 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.
(2) In this regard, the financial information to be shown in the audit report shall include the following:
(a) Flow data showing total gallons received at the sewer plant for the current fiscal year;
(b) Billing data to show total number of gallons billed;
(c) Debt service for the next succeeding fiscal year;
(d) Number of users connected to the system;
(e) Number of non-metered users; and
(f) A list of users discharging non-domestic wastes (industrial users) and volume of waste discharged.
(Prior Code, § 38-4-73)
Statutory reference:
Related provisions, see 65 ILCS 5/3.1-35-40 et seq.