A.
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.
B.
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.[1]
A.
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.
B.
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.