A. Revenues To Be Separate; Delivery To Treasurer: All revenues and monies derived from the operation of the waterworks, wastewater and garbage systems shall be deposited in one account of the enterprise fund. All such revenues and monies shall be held by the city clerk separate and apart from his/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 city treasurer not more than ten (10) days after receipt of the same, or at such more frequent intervals as may from time to time be directed by the city manager or the city council.
B. Enterprise Fund: The city treasurer shall receive all such revenues from the waterworks, wastewater and garbage systems, and all other funds and monies incident to the operation of such system as the same may be delivered to him/her and deposit the same in the account of the fund designated as an enterprise fund of the city. The treasurer and/or the city manager shall administer such fund in every respect in the manner provided by provision of the Illinois municipal code.
C. 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 waterworks, wastewater and garbage systems, and at regular annual intervals, he/she shall cause to be made audit by an independent auditing concern of the books to show the receipts and disbursements of such systems.
D. Annual Audit: The annual audit report shall reflect a combined waterworks and sewerage fund as described in section 12-1-2 of this chapter, along with a separate waste and rubbish fund for the garbage system. These funds shall also reflect the revenues and operating expenses of said services, including a replacement cost, to indicate that said service charges and capital amounts required under this title 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 received at the waterworks and wastewater systems for the current fiscal year.
2. Billing data to show total number of gallons billed per fiscal year.
3. Debt service for the next succeeding fiscal year.
4. Number of users connected to the system.
5. Number of nonmetered wastewater users.
6. A list of users discharging nondomestic and industrial wastes and volume of waste discharged.
E. Notice Of Rates And Charges: Each user will be notified by the city, in conjunction with a regular bill, of the rate and that portion of the user charges or ad valorem taxes which are attributable to waterworks, wastewater and garbage services, including the financial information of subsection D of this section. (Ord. 99-1208, 12-6-1999)