(A) (1) The town shall review the total annual cost of operation and maintenance, long-term debt service relating to the wastewater system, as well as each user’s wastewater percentage once per year, and will revise the service use charge system as necessary to assure equity of the system established herein and to ensure that sufficient funds are obtained from the town’s service use charge system to:
(a) Adequately operate and maintain the wastewater system; and
(b) Cover the debt service.
(2) The town will apply excess revenues collected from a class of users to the costs of operation and maintenance attributable to that class for the next year, and adjust this rate accordingly.
(B) The Addendum “A”, Service Use Charge System, shall be used as a formula for calculating rates, fees and charges for connection, use and access to the wastewater system.
(1974 Code, § 11-a-5) (Res. 99-017, passed 10-13-1999; Ord. 99-003, passed 10-13-1999)