At least annually, the Board shall review and amend or confirm the rates, fees and charges for potable water service, sewerage service and recycled water service. Adoption of the annual budget with rate assumptions included therein may constitute such review.
As near as practicable, the Board shall establish service charges at a level sufficient to recover the cost of operating and maintaining the service.
As near as practicable, the Board shall establish connection and facilities charges sufficient to recover the cost of constructing capital improvements required to provide service.