(A) The Village Treasurer or Village Clerk 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 combined waterworks and sewerage system in accordance with Division 139 of the Illinois Municipal Code, (65 ILCS 5/11-139-1 et seq.); provided, however, at all times the system of accounts shall be kept in a manner to distinguish the transactions of the sewage system from the transactions of the water system. At regular annual intervals, he or she shall cause an audit to be completed by an independent auditing concern of the books to show the receipts and disbursements of the combined waterworks and sewerage system.
(B) In addition to the customary operating statements, the annual audit report shall also reflect the revenues and operating expenses of the wastewater facilities, including a replacement cost, to indicate that sewer service charges under the waste cost recovery system and capital amounts required to be recovered under the industrial recovery system and capital amounts required to be recovered under the industrial 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 total gallons received at the wastewater plant 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 non-metered users; and
(6) A list of users discharging non-domestic and industrial wastes and volume of waste discharged.
(Ord. VG00-324, § 13.36.050, passed 5-8-2000)