A fund titled "Sewer Fund" is hereby established for the purpose of receiving and aggregating funds which shall be used to defray all sewer system operation, maintenance, replacement and capital improvement costs presently recorded in the general fund at this time and all other necessary costs which may be incurred in the future.
The Bel Air Board of Town Commissioners shall be the governing body of the Sewer Fund and shall periodically review and establish the revenues, expenses and/or net income as appropriate for accountability, capital maintenance, public policy, management control and other purposes. All accounts shall be maintained in accordance with the generally accepted accounting principles of enterprise fund accounting.
The Board of Town Commissioners shall establish the type of revenues necessary to meet the established sewer service operational, maintenance and capital improvements and replacement costs. Types of revenues shall include, but not be limited to, sewer service user charges, sanitary sewer connection charges and other charges as deemed necessary. All rates, charges and fees shall be established by ordinance, except those which are a pass-thru to Harford County.
The Board of Town Commissioners shall have the authority to appropriate moneys collected from the above-listed revenues for the purpose of meeting sewer service expenses, including but not limited to salaries, sewage treatment costs, utility charges, miscellaneous supplies, equipment maintenance, computer and water data expenses, overhead and contingency expenses, allocated administrative and public works salaries, related payroll burdens, related sewer service expenses allocated from the general fund, capital outlay expenses and all sanitary sewer capital improvement expenses, as well as the annual equivalent area connection charge payments to Harford County per contractual obligation. With the exception of the allocated salaries, payroll burden and expenses related to sewer fund services, no other general fund expenditure will be funded by the Sewer Fund.
[Added 11-17-2008 by Ord. No. 715-08]
The Treasurer of the Town of Bel Air shall deposit funds collected from the sanitary sewer capital contribution charges in a special account titled "Sanitary Sewage Capital Reserve Account." The funds shall be used only for the extension, enlargement, expansion and maintenance of the sewerage system of the Town, including the necessary cost of issuing bonds or such other means of financing the same as may be proper.