The capitalization fund shall provide funding for capital expenditures and all other nonoperating maintenance and replacement costs as the board may consider appropriate, including redemption of the principal and payment of the interest on sewer bonds. Revenue components for the sewer capitalization fund shall include: (Ord. 453, 11-29-1990)
A. Service Charges: Assessed customers to recover non-OM&R costs (for which the user charge system is not appropriate) including late payment and other penalties, the sewer connection fees, and the annual/monthly capitalization charge. The rate of the capitalization charge shall be established by the board and customers shall be notified of the charge as a portion of their monthly sewer fee. (Ord. 453, 11-29-1990; amd. 2001 Code)
B. Revenue Offsets: Funds generated through activities other than wastewater treatment services including sales of excess equipment or facilities. However, revenue derived from the sale of treatment related byproducts shall accrue only to the user charge system. (Ord. 453, 11-29-1990)