(A) Disposition.
(1) All revenues and monies derived from the operation of the sewerage system shall be deposited in the combined Water and Sewage Fund. All such revenues and monies shall be held by the City Treasurer separate and apart from his or her private funds and separate and apart from all other funds of the city. All of said sum, without any deductions whatever, shall be delivered to the City Treasurer not more than ten days after receipt of the same, or at such more frequent intervals as may from time to time be directed by the City Council.
(2) The City Treasurer shall receive all such revenues from the sewerage system and all other funds and monies incident to the operation of such system as the same may be delivered to him or her and deposit the same in the account of the Fund designated as the “Water and Sewage Fund of the City of Nashville”. The Treasurer shall administer such Fund in every respect in the manner provided by statute of the Revised Cities and Villages Act, effective January, 1942.
(1978 Code, § 13.08.760)
(B) Accounting; annual report required.
(1) The City Treasurer shall establish a proper system of accounts and shall keep proper books, records, and accounts in which complete and correct entries shall be made of all transactions relative to the sewerage system. At regular annual intervals, he or she shall cause to be made an audit by an independent auditing concern of the books to show the receipts and disbursements of the sewerage system.
(2) (a) In addition to the customary operating statements, the annual audit report shall also reflect the revenues and operating expenses of the wastewater facilities, including a replacement cost to indicate that sewer service charges under the waste cost-recovery system and capital amounts required to be recovered under the industrial cost-recovery system do in fact meet these regulations.
(b) In this regard, the financial information to be shown in the audit report shall include the following:
1. Flow data showing total gallons received at the wastewater plant for the current fiscal year;
2. Billing data to show total number of gallons billed;
3. Debt service for the next succeeding fiscal year;
4. Number of users connected to the system;
5. Number of non-metered users; and
6. A list of users discharging nondomestic wastes (industrial users) and volume of waste discharged.
(1978 Code, § 13.08.770)
(Ord. 503, passed - -1977)