§ 58-43. System records and budget.

(a)

The city manager shall cause to be maintained and kept proper books of records and account in which shall be made full and correct entries of all transactions relating to the sanitary sewer system. Not later than three months after the close of the fiscal year the city manager shall cause to be prepared a statement, in reasonable detail, showing the cash income and disbursements of the system at the beginning and close of the operating year and such other information as may be necessary to enable any taxpayer of the city or user of the service furnished to be fully informed as to all matters pertaining to the financial operation of the system during such year.

(b)

A budget, showing in detail the estimated costs of administration, operation, and maintenance of the sanitary sewer system for the next ensuing fiscal year, including billing, accounting, postage, and related costs and including an amount equal to the bond principal and interest due to be paid in said year, shall be prepared by the city manager at the same time as he is required by the Charter to prepare the annual city budget, which budget shall be subject to the approval of the city commission. The amounts transferred into the operation and maintenance fund during each year shall not exceed the amount set forth in such budget, unless approved by vote of the city commission.

(Ord. No. 95, 10-1-79)