(A) The village will maintain and keep proper books of records and accounts, separate from all other records and accounts, in which shall be made full and correct entries of all transactions relating to the system. The village will cause an annual audit of the books of record and account for the preceding operating year to be made by a recognized independent certified public accountant, and will supply the audit report to authorized public officials on request.
(B) In conjunction with the audit, there shall be an annual review of the sewer charge system for adequacies meeting expected expenditures for the following year and to ensure proportionality among user classes as required by federal regulations.
(C) Classification of old and new industrial users shall also be reviewed annually.
(D) The village will maintain and carry insurance on all physical properties of the system, of the kinds and in the amounts normally carried by public utility companies and municipalities engaged in the operation of sewage disposal systems. All monies received for losses under any such insurance policies shall be applied solely to the replacement and restoration of the property damaged or destroyed.
(E) The Village Clerk shall maintain a permanent record of inspections required. The Clerk will also maintain a permanent record of all main sanitary and combined sewers, which record shall show all Y-branches and tap-ins of existing connecting sewers. The records shall be available for public inspections during business hours.
(Ord. 247, passed 2-2-2004)