A.
Title. The City owned and operated Water Utility shall be known as "Fond du Lac Water Utility."
B.
Management and operation. Pursuant to § 66.0805(6), Wis. Stats., the management and operation of the Fond du Lac Water Utility, the same being a public utility owned by the City, shall be under the supervision of the Director of Public Works, who shall hire a Manager to be in charge of the Utility.
C.
Accounts kept separate. The accounts of the Water Utility shall be kept separate and distinct from those of all other departments of the City and shall be in accordance with generally approved bookkeeping methods and subject to such other regulations as the Wisconsin Public Service Commission shall prescribe. The accounts of the Water Utility shall be audited in time and manner similar to that provided for the audit of City accounts. Disbursements of moneys shall be only as provided by this Code.
D.
Construction work. Water Utility work may be done without submitting bids. The laying of water mains, pipes and services together with the proper trenching may be done by the Water Utility directly without the submitting of bids or the Utility may choose to publicly bid a project.
E.
Rates. The City Council shall from time to time by resolution or ordinance, as it determines, establish rates for water users in the City and for water users outside the City who are connected with the system. The rates, rules and regulations shall be established in the manner provided by law.
F.
Funds. The City Council by resolution may separate the division of income from the Water Utility into operation, maintenance and depreciation or any other divisions or classifications as it shall deem necessary for the operation of the Water Utility. The apportionment may be changed by resolution of the Council as circumstances may from time to time require.