The Common Council finds that current methods of financial accounting
for the costs of municipal solid waste management are inadequate and
do not represent a systematic approach for identifying, summing and
reporting the actual costs of solid waste management in a way that
takes into account past and future outlays, overhead and operating
costs. The Common Council further finds that implementing full cost
accounting standards for solid waste management activities will enhance
management and budgetary decisions with regard to municipal solid
waste management activities.
Financial accounting for solid waste management activities under
this chapter shall be in accordance with full cost accounting standards
as delineated by the United States Environmental Protection Agency.
The Commissioner shall annually submit a report to the Common Council on the cost of solid waste management activities in accordance with §
313-57 of this chapter and such other matters as may be related thereto.
The Commissioner is authorized to promulgate rules and regulations
as may be necessary to effectuate and supplement the provisions of
this article.