The rates hereby fixed are established to be sufficient to provide for the expenses of operation, maintenance, and replacement of the water and sewer systems as are necessary to preserve the same in good repair and working order. The rates shall be fixed and revised from time to time as per Council resolution as may be necessary to produce these amounts. An annual audit shall be prepared. Based on the audit, rates for water and sewer services shall be reviewed annually and revised as necessary to meet each system's expenses and to ensure that all user classes pay their proportionate share of operation, maintenance, and equipment replacement costs.
(Ord. 248, passed 2-2-2004)