(A) (1) Rates for each type of water charge and associated fees shall be reviewed periodically by the Department or the Town Manager. If the Department recommends changes to the fee structures, they shall issue a request to the Council with a recommendation for fee modification.
(2) The Council shall then act upon the recommendation in accordance with A.R.S. § 9-511.01.
(B) The rate schedules adopted by the Council shall be based upon the following factors:
(1) Annual debt service charge for the retirement of project debt;
(2) The total applicable cost of salaries and benefits of employees engaged in providing water service;
(3) Applicable operating expenses, including parts, materials and services incurred in providing water service;
(4) Applicable equipment replacement costs necessitated by the provisions of water service;
(5) Appropriate indirect costs of the Department and other town departments in rendering water related services, such as purchasing, accounting, billing, administration and insurance;
(6) Other pertinent factors as determined by the Town Manager;
(7) Any shortfalls of operating revenue in prior operating period(s); and
(8) Any reserve funds required by funding agencies.
(Prior Code, § 17-2-2) (Res. 01-06, passed - -2001; Ord. 09-36, passed - -2009; Ord. 18-03, passed 5-8-2018)