(A) Revenues collected, as a result of user charges levied, shall be deposited in a separate non- lapsing fund known as the Operation, Maintenance and Replacement Fund.
(B) Fiscal year end balances in the Operation, Maintenance and Replacement Fund shall be used for no other purposes than those designated. Monies which have been transferred from other sources to meet temporary shortages in the Operation, Maintenance and Replacement Fund shall be returned to their respective accounts upon appropriate adjustment of the user charge rates for operation, maintenance and replacement. The user charge rate(s) shall be adjusted such that the transferred monies will be returned to their respective accounts within six months of the fiscal year in which the monies were borrowed.
(C) The City shall maintain financial records to accurately account for revenues generated by the treatment system and expenditures for operation and maintenance of the system, including normal replacement costs.
(D) The City shall review, not less than annually, the sewage contribution of users, the total cost of operation and maintenance of the sewage works, debt service obligations and sewer service charges. Based on such review, the City shall revise, when necessary, the schedule of sewer service charges.
(E) Each user shall be notified, at least annually, in conjunction with a regular bill of the rate and that portion of the total charge which is attributable to operation and maintenance of the sewage system.
('74 Code, § 27-73) (Ord. passed 3-4-74; Am. Ord. passed 9-2-86; Am. Ord. 95-03, passed 5-17-95)