(A) The Village 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 wastewater treatment system, and 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 receipt and disbursements of the wastewater treatment system.
(B) In addition to the customary operating statements, the annual audit report shall also reflect the revenues and operating expenses of the wastewater treatment system, including a replacement cost, to indicate that wastewater service charges do in fact meet these regulations. In this regard, the financial information to be shown in the audit report shall include the following:
(1) Flow data showing total gallons of wastewater discharged from collection system for the current fiscal year;
(2) Billing data to show total number of gallons billed per fiscal year;
(3) Number of users connected to the system;
(4) Number of nonmetered users; and
(5) A list of users discharging non-domestic and industrial wastes and volume of waste discharged.
(Ord. 687, passed 8-15-1991)