All revenues and monies derived from the operation of the water system shall be recorded separate and apart from all other funds of the village. 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 water system. The fiscal year for the entire water system shall be from May 1 to April 30 of each year. (Ord. 577, 3-22-1993)
The Illinois environmental protection agency (IEPA), or its authorized representative, shall have access to any books, documents, papers and records of the village which are applicable to the village system of user charges and rates for the purpose of making audit, examination, excerpts and transcriptions thereof to ensure compliance with the terms of any IEPA loan agreement and rules of any state loan made to the village. (Ord. 799, 11-6-2001)