(A) The city shall annually, in its budgeting process, determine the amount of revenue to be raised with the other charges in order to adequately fund the sewer utility and comply with the applicable provisions of any bond ordinances. These bond reserve requirements are concurrent and are not limiting on the reserves of the user charge system created by federal law.
(B) The sewer bill moneys for the user charge system debt service charge and billing and collection charge shall fund the following user charge accounts and debt service accounts and shall satisfy the revenue bond accounts for any bond issues:
User Charge Fund Accounts
User charge operation and maintenance
User charge depreciation account
User charge replacement account
Debt service charge
User charge billing charge
User charge equity in utility
Revenue Bond Fund Accounts
Sewerage fund
Sewerage operation and maintenance account
Sewerage contingent account
Sewerage depreciation account
Sewerage fund
Sewerage operation and maintenance account
Surplus account
(C) Standard fund account procedures shall be followed with entries made to record revenues and expenditures from the foregoing accounts, with the most stringent requirements of federal, state or local law applying and/or the more severe requirements of professional accounting practice.
Sewer Bill | Flow | BOD | SS | |
User charge | .7472 | .1988 | .2798 | |
User charge | Bill collection surcharge | .1988 | .2798 | |
Debt service charge | 0 | 0 | 0 |
(Ord. 2021-5442, passed 6-1-2021)