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.