(A) The rates, rentals and charges for the use of any services rendered by the city's municipal water system shall be billed and collected by the city, and the full amount of the proceeds shall be deposited as received and set into the "Cash/Water and Sewer Revenue" fund.
(B) The records of the city with respect to charging, billing, collecting and accounting for water service shall be audited at least once each year by an Independent Certified Public Accountant, and a report shall be filed with the City Clerk, or such report shall be filed in such manner and at such other time or times as may be stipulated in any ordinance relating to the issuance of Revenue Bonds.
(C) The cost of such audit shall be classified and paid as an expense of operation and maintenance of the city's municipal water system.
(Ord. 3-96, passed 7-1-96; Am. Ord. 10-97, passed 1-5-98)