(A) The city shall maintain financial records to accurately account for revenues generated by the treatment system and expenditures for operation and maintenance of the system, including normal replacement costs.
(B) The city shall review not less than annually the sewage contribution of users, the total cost of operation and maintenance of the sewage works, debt service obligations, and sewer service charges. Based on such review, the city shall revise, when necessary, the schedule of sewer service charges to accomplish the following:
(1) Maintain an equitable distribution of operations and maintenance costs among users of the treatment system, and
(2) Generate sufficient revenues to offset costs associated with the proper operation and maintenance of the sewage system and to meet debt service requirements, and
(3) The revenue collected, as a result of the user charges levied, shall be deposited in a separate non-lapsing fund known as the "Operation, Maintenance and Replacement Fund".
(4) Fiscal year balances in the Operation, Maintenance and Replacement Fund shall be used for no other purposes than those designated. Monies which have been transferred from other sources to meet temporary shortages in the Operation, Maintenance and Replacement Fund shall be returned to their respective accounts upon appropriate adjustment of the user charge rates for operation, maintenance and replacement. The user charge rate(s) shall be adjusted such that the transferred monies will be returned to their respective accounts within six months of the fiscal year in which the monies were borrowed.
(C) Excessive strength surcharges shall be reviewed at the time of, and in conjunction with, the review of sewer service charges. Surcharge rates shall be revised when necessary to reflect current treatment and monitoring costs.
(Ord. 3-94-1, passed 3-7-94)