[Adopted 8-19-1997 by Ord. No. 27-97 (Ch. 196, Part 4, of the 1990 Code)]
[Amended 7-12-2011 by Ord. No. 18-2011]
There is hereby established for accounting purposes and for the purpose of developing a cost accounting system for the establishment of rates and related purposes the following systems, which for accounting purposes shall be treated as a single utility system, namely:
A. 
Budd Lake Sanitary Sewer System;
B. 
Clover Hill Sanitary Sewer System;
C. 
FTZ Sanitary Sewer System; and
The administration, specifically the Administrator and the Chief Financial Officer, shall, by November 1 of each year, develop costs for the purpose of establishing rates for each of the three systems set forth in § 318-73 for the succeeding year. The costs shall include debt service, all operating and maintenance costs within which shall be included an appropriate allocation of nonoperating personnel who essentially contribute to the operation of the systems, namely, the Administrator, the Chief Financial Officer, the Tax Collector, the Township Engineer and the Township Attorney, and the cost shall include an appropriate charge for a reserve for replacement and/or an amortization charge as well as a charge for unpaid bills. By way of further explanation or clarification, the accounting of these costs shall be done for the purpose of developing costs which as correctly as possible will attribute all operating costs related to these systems for the purpose of establishing rates.
The Township Council, on an annual basis not later than December 31 of each year, shall establish rates, separate rates, for each of these systems set forth in § 318-73 based specifically upon the accounting to be prepared by the Administrator and Chief Financial Officer in accordance with § 318-74 of this Part 4, which rates shall reflect the true cost for operating and maintaining the three individual systems for the coming years.