(A) The Town Council shall review not less often than once per year the usage of water, the total costs of operation and maintenance (including replacement) of the water production and treatment facilities, and the user charge system.
(B) The Town Council shall revise the user charges, if necessary, to accomplish the following:
(1) Maintain the proportionate distribution of operation and maintenance costs among users and user classifications. Each user shall pay its proportionate share of operation and maintenance (including replacement) costs;
(2) Generate sufficient revenue to pay the total operation and maintenance costs necessary for the proper operation and maintenance (including replacement) of the water production, treatment, and distribution facilities; and
(3) Apply excess revenues collected to a capital reserve account.
(Ord. passed 5-3-2011; Ord. passed 9-11-2014)