The city shall keep and maintain proper books and records and accounts separate from all other records and accounts of the city in which shall be made full and correct entries of all transactions relating to the system. Books and records and accounts pertaining to collection of township charges shall be separate from those of the city, and the township shall have access to them. The city shall cause an annual audit of the books and records and accounts of the preceding operating year to be made by a recognized independent certified public accountant and will supply the audit to authorized public officials upon proper request as required by Public Act 2 of 1972, being M.C.L.A 117.5e. The city shall use the results of the audit to make adjustments in funds with deficiencies or surpluses. Any adjustments necessary for operation and maintenance costs shall be passed on to users of the system.
(Ord. 26, eff. 6-19-1982; Ord. rev. 9-5-1989)