(A) Collecting. It is hereby made the duty of the Village Clerk to render bills for water service and for all other charges in connection therewith, and to collect all moneys due thereon.
(B) Depositing. All revenues and moneys derived from the operation of the water works system shall be held by the Village Clerk separate and apart from his or her private funds and separate and apart from any other funds of the village, and of all the sums, without any deductions whatsoever shall be deposited in a separate fund designated as the “Water Works Revenue Fund of the Village of Diamond” not more than 10 days after the receipt of the same or at the more frequent interval as may from time to time be directed by the Village Commission.
(C) Administering. The Village Treasurer shall be accountable for all the revenues from the water works system and all other funds and moneys incident to the operation of the system. The Village Treasurer shall administer the fund in every respect in the manner provided by ILCS Ch. 65, Act 5, and all other laws there unto enabling.
(D) Auditing. The Village Treasurer shall establish a proper system of accounts and shall keep proper records, books, and accounts, in which complete and correct entries shall be made of all transactions relative to the water works system, and at regular annual intervals the Village Commission shall cause to be made an audit by an independent auditing concern of the books to show the receipts and disbursements of the water works system.
(E) Filing. A copy of this subchapter, properly certified by the Village Clerk, shall be filed in the office of the Recorder of Deeds of Grundy and Will Counties, Illinois. This shall be deemed notice to all owners of real estate of their liability for water service supplied to any occupant or user of the services on their properties.
(Ord. 1996-2, passed - -)