(A) In order that the rates and charges for sewage services may remain proportional to the cost of providing services to the various uses of user classes and that the charges may remain sufficient to adequately fund the necessary replacement costs and other revenue and reserve requirements, the town shall cause a study to be made annually for the first five years of operation, following the date on which this chapter goes into effect. Such study shall include, but not be limited to, an analysis of the costs associated with the treatment of excessive strength effluents from industrial users, volume and delivery flow rate characteristics attributed to the various users or user classes, the financial position of the sewage works and the adequacy of its revenue to provide adequate funds, for the operation and maintenance, replacements, debt service requirements and capital improvements to the waste treatment systems. Thereafter, on a biennial basis, within a reasonable period of time following the normal accounting period, the town shall cause a study to be made for the purpose of (a) reviewing the sufficiency of the revenues to properly operate the wastewater treatment facility and all appurtenances attached thereto; and (b) maintaining proportionality among the user classes of the rates and charges for sewage services.
(B) The studies shall be conducted by officers or employees of the town, or by a firm of certified public accountants, or a firm of consulting engineers which firms shall have experience in such studies, or by such combination of officers, employees, certified public accountants or engineers as the town shall determine to be best under the circumstances.
(Ord. 16-1986, passed 11-3-86)