Charges for furnishing water supply and sewage disposal services are established to provide for the following:
(A) The payment of the expenses of operation and maintenance of the water supply and transmission system and/or the sewage collection and disposal system as may be necessary to preserve those systems in good repair and working order, including the expenses of administration in connection therewith;
(B) The payment of the interest on and the principle of bonds payable from the revenues of the water supply and sewage disposal systems when the bonds become due and payable, the creation and maintenance of any reserve for same, and/or the refunding of bonds payable, or any combination of the foregoing; or
(C) The creation of any reserve for future capital expenses, including expansion and reconstruction of the water supply and transmission system and/or sewage collection and disposal system.
(1984 Code, § 7-01-02-010) (Ord. 277, passed 6-10-1997)