A Water Board of five (5) Commissioners shall be appointed by a vote of the Mayor and entire Council, as provided in section 304(b). Commissioners shall serve terms of six (6) years each, staggered in the same manner as at the time of the adoption of this Charter. Any one or more of these Commissioners may be removed by a vote of the Mayor and entire Council. The Board shall have the following powers and responsibilities:
a. Be responsible to oversee and manage the City's water supply, recycled water, wastewater collection and treatment ("Water and Wastewater Systems") functions in accordance with State law.
b. Employ such persons, including a general manager, as may be needed for proper administration of the City's Water and Wastewater Systems.
c. Set and collect all rates, fees and charges for operation of the Water and Wastewater Systems.
d. Allocate all receipts and expenditures to separate, independent, Water and Sewer Funds in accordance with State law.
e. Provide for an annual, independent audit of all water and wastewater accounts, and may provide for more frequent audits as it deems necessary. Copies of all auditors' reports shall be filed with the City Clerk and Council.
f. Compensate members of the Water Board in accordance with actions of the Water Board following public hearing.
g. Collaborate with the Council, Mayor and City Manager concerning the City's Water and Wastewater Systems. In this regard, the Council shall take such actions as may be appropriate to enforce rules and regulations of the Board.
h. Establish and periodically review and revise such rules and regulations as may be appropriate for managing the City's Water and Wastewater Systems.