(A) The revenues collected as a result of the water user charges and sewer rate charges levied herein, shall be used by the Utility Commission for the operation, maintenance, and repair of the respective water and sewer systems.
(B) The Sewer Revenues Fund shall be used only for the purpose of paying operations, maintenance, and replacement costs of the wastewater treatment system and to meet the debt service obligations of the system. Monies which have been transferred from other sources to meet temporary shortages in sewer revenues generated by OM&R rates shall be returned to their respective accounts upon appropriate adjustment of such rates. The OM&R rates shall be adjusted such that the transferred monies will be returned to the respective accounts within six (6) months of the fiscal year in which the monies were borrowed. Funds transferred to the Sewer Revenue Fund to meet debt service obligations do not obligate the sewer system to return such monies to their respective accounts unless dictated by bond ordinance or lending agency.
(C) All revenues and expenses of the city's wastewater treatment system shall be maintained and accounted for separately from other city utilities such as the water and/or gas system.
(Ord. 4-1996, passed - -; Am. Ord. 11-2007, passed 9-18-07; Am. Ord. 12-2007, passed 9-18-07; Am. Ord. 10-2012, passed 10-9-12; Am. Ord. 04-2014, passed 4-22-14; Am. Ord. 13-2014, passed 12-23-14; Am. Ord. 01-2019, passed 1-14-19)