(A) There shall be established the following funds into which the sewer charges, as levied herein, shall be distributed.
(1) Sewer System Operations, Maintenance and Capital Outlay Fund. The Sewer System Operations, Maintenance and Capital Outlay Fund shall be used exclusively for debt service, operational expenses and equipment replacement expenses associated with the provision of sewer system services.
(2) Renewal and Replacement Fund. The Sewer System Renewal and Replacement Fund shall be used as follows:
(a) To fund any budget shortages in the Sewer System Operations, Maintenance and Capital Outlay Fund; and
(b) Funds collected in the Renewal and Replacement Fund in excess of 1.25 times the annual system debt service and operation and maintenance costs shall be utilized within the system as deemed appropriate by the Council on recommendation by the Town Manager and the Department.
(3) Sewer System Users Deposit Fund. The sewer system users deposits shall be utilized exclusively for the purpose of temporarily paying a customer’s delinquent fees.
(B) The distribution of sewer charges shall be as follows:
(1) Sewer system capacity charges. All sewer system capacity fees (connection fees) will be deposited in the Renewal and Replacement Fund.
(2) Sewer system user charges. Sewer user fees shall be allocated to the Sewer System Operations and Capital Outlay Fund.
(3) Sewer system user deposits. One hundred percent of the Sewer User Deposit Fund shall be used to assure payment of monthly users fees by customer, as follows:
(a) If a customer is delinquent (see § 52.47 of this chapter) in paying his, her or their monthly user fee, then the Department may utilize a portion of that user’s deposit to bring the account current.
(b) The customer will be considered delinquent until the deposit is returned to the full amount.
(c) If a customer in good standing is disconnected and/or sells their property, the total amount of the deposit will be refunded upon written request.
(4) Special assessments.
(a) Special assessments shall be utilized in accordance with the agreement between the Wastewater Department and the customer.
(b) Additional connection applications shall not be accepted after the plant reached calculated design capacity without review and approval by Department confirming that actual maximum measured flow and treatment capacity does not exceed design capacity.
(Prior Code, § 16-2-2) (Res. 01-06, passed - -2001; Ord. 09-36, passed - -2009; Ord. 18-02, passed 5-8-2018)