(A) The City Administrator shall establish a proper system of accounts and shall keep or cause to be kept proper books, records and accounts in which complete and correct entries shall be made of all transactions relative to the waterworks and sewerage system, and at regular annual intervals he or she shall cause to be made an audit by an independent auditing concern of the books to show the receipts and disbursements of the waterworks and sewerage system as part of the city annual audit.
(B) In addition to the customary operating statements, the annual audit report shall also reflect the separate revenues and operating expenses of the wastewater facilities, including a replacement cost, to indicate that sewer service charges under the waste cost recovery system 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 the total gallons received at the wastewater plant for the current fiscal year.
(2) Billing data to show total number of hundred cubic feet.
(3) Debt service for the next succeeding fiscal year.
(4) Number of users connected to the system.
(5) Number of nonmetered users.
(6) A list of users discharging nondomestic wastes (industrial users) and volume of waste discharged.
(C) The annual audit reports shall contain such other financial information consistent with future guidelines to be promulgated by the U.S. Environmental Protection Agency.
(Ord. 1121, passed 12-20-99)