(A) All revenues and monies derived from the operation of the sewage system shall be deposited in a sewage fund. All such revenues and monies shall be held by the City Administrator separate and apart from their private funds and separate and apart from all other funds of the city. The City Administrator shall receive all such revenues from the sewage system, and all other funds and monies incident to the operation of such system, as the same may be delivered to him or her and deposit the same in the amount of the fund designated as the City Sewage Fund. Said City Administrator shall administer such fund in every respect in the manner provided by statute.
(B) (1) The City Administrator 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 sewage 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 receipts and disbursements of the sewage system. In addition to the customary operating statements, the annual report shall also reflect the revenues and operating expenses of the wastewater facilities, including a replacement cost, to indicate that sewer service charges under the cost recovery system do in fact meet the requirements of this section.
(2) In this regard, the financial information to be shown in the audit report shall include the following:
(a) Flow data showing total gallons received at the wastewater plant for the current fiscal year;
(b) Billing data to show total number of gallons billed;
(c) Debt retirement cost for the succeeding fiscal year;
(d) Operation, maintenance, and replacement funding requirements for the succeeding fiscal year; and
(e) Number of users discharging non-domestic wastes (including users) and volume of waste discharged.
(3) The City Administrator shall annually review the user charge system to accomplish the following:
(a) Maintain the proportionate distribution of operation, maintenance, and replacement costs among users and user classes;
(b) Generate sufficient revenue to pay the total operation, maintenance, and replacement costs necessary for the treatment facility; and
(c) If necessary, apply excess revenues from a class of users to the costs of operation and maintenance attributable to that class for the next year and adjust the class rates accordingly.
(4) The U.S. Environmental Protection Agency or its authorized representative shall have access to any books, documents, papers, and records of the city which are applicable to the city system of user charges for the purpose of making audit, examination, excerpts, and transactions thereof to insure compliance with the terms of the special and general conditions to any federal grant.
(2006 Code, § 3.30) (Ord. 88, 3rd Series, passed 11-28-1991)