(a) User Charges and Debt Service Charges.
(1) Monies. All user charge monies shall be placed in the Sanitary Sewer Fund. All debt service monies shall be placed in the Debt Service Fund. Monies from the Sanitary Sewer Fund shall be used only to cover the costs of operation, maintenance, replacement and management of the waste treatment works. Monies from the Debt Service Fund shall be used only to cover the payment of debt and other charges on loans, notes or bonds issued for construction, improvements of, and enlargements to the waste treatment works. At the end of each calendar year, the Village Administrator shall provide an annual breakdown to each user of the charges billed for O, M and R and for debt service.
(2) Expenditures. Expenditures shall be made from the user charge monies by the Village Clerk in accordance with the detailed annual budget and ordinances authorized by Council and in the manner provided by the Ohio Revised Code.
(3) Replacement reserve expenditures. Expenditures from the accrued replacement reserve on facilities shall be for making renewals to accommodate wear of physical elements and/or movable property that would result in an extended useful life or meet the anticipated useful life.
(4) Audit. At regular intervals, Council shall cause to be made an audit for the State Bureau of Inspection and Supervision of Public Offices or the U.S. Environmental Protection Agency of the records to show the receipts and disbursements of the Sanitary Sewer Fund.
(Ord. 84-14. Passed 6-4-84.)