§ 225-28. Audit.

Latest version.

A.
Annual audit of general account. The approving authority shall conduct an annual audit, the purpose of which shall be to maintain the proportionality and adequacy of the sewer service charge relative to changing system operation, maintenance and debt service costs.

B.
If the results of the audit referenced in Subsection A indicate that proportionality and adequacy of rates are not being maintained, the approving authority shall make changes necessary to maintain proportionality and adequacy. The approving authority shall also make those changes necessary to apply excess revenues from a customer class to that class's rates whenever that excess is greater than what is reasonable.

                    
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