(A) The rates, rentals, and charges for the use of and services rendered by the municipal waterworks and sewer systems shall be billed and collected by the city, and the full amount of the proceeds for each service shall be deposited as received and set aside into the water and sewer revenue fund designated, in such manner as the Superintendent of the systems may require, but subject to any different designation which may be made in any ordinance relating to the issuance of revenue bonds.
(B) (1) The records of the city with respect to charging, billing, collecting, and accounting for water and sewer service shall be audited at least once each 12 months by an independent certified public accountant, and a report thereof shall be filed with the City Clerk/Treasurer, or in such manner and at such other time or times as may be provided in any ordinance relating to the issuance of revenue bonds.
(2) The cost of such audit shall be classified and paid as an expense of operation and maintenance of the municipal waterworks and sewer systems.
(Ord. passed 3-19-1964)