How sewer fees are collected and divided into three accounts

The funds received from the collection of the sewer service charges authorized by this chapter shall be deposited daily with the director of finance, and shall be accounted for and be known as the “County sewer fund” and shall be expended for the purpose authorized. The County sewer fund shall consist of three accounts. The first account will be the “user charge account” and the revenues for this account will come only from the sewer service charges. Expenditures from this fund shall be limited for the purpose of carrying out the operation and maintenance of the sewage treatment system, including replacement. The second account will be the “fixed costs account.” Expenditures from this account shall be for items such as billing expenses, debt service charges, construction costs, and other costs not related directly to the operation and maintenance of the sewage treatment system. The revenues for this account will come from the sewer service charges. The third account will be the “equipment replacement expenses reserve account.” This account will set aside a portion of the revenue for sewer service charges as a cushion for equipment replacement expenses to compensate for fluctuation in the amount of payment out of the account for equipment replacement. This financial management system shall be maintained by the wastewater division and based on an adequate budget identifying the basis for determining the annual operating and maintenance cost and costs of personnel, material, energy, and administration.