A. 
The source of the revenues for retiring debt services, capital expenditures, operation and maintenance of the POTW shall be a sewer benefit charge or a sewer ad valorem assessment assigned to the owners of benefited property located within each applicable sewer district established by the town according to a formula as set forth by resolution of the Town Board for each sewer district.
B. 
Charges for each district or discrete portions of the service area shall be levied in accordance with formulas and requirements specified in documentation (i.e., map and plan) on which legal formation of said district or portion of the service area was based. A schedule of such charges and other fees applicable under this chapter shall be fixed from time to time by resolution of the Town Board, which schedule shall be made available to the public.
A. 
There shall be appointed by the Town Board both a Billing Clerk and a Collection Clerk whom shall serve at the direction of the Board. The Billing Clerk shall render bills for sewer use or other service given. The Collection Clerk shall collect all accounts due and owing, file a monthly report of accounts with the Town Board and make such other reports as the Board may require.
B. 
All money received by the Collection Clerk on behalf of the various districts shall forthwith be deposited in such banks or trust companies as the Town Board may from time to time direct.
The POTW shall be operated on the basis of a fiscal year commencing on the first day of January and ending on the 31st day of December.
Revenues derived from capital charges, user fees, application or connection fees, user charges and associated penalties and other fees shall be credited to a special fund. Moneys in this fund shall be used exclusively for the following functions:
A. 
For the payment of the operation and maintenance, including, but not limited to, repair and replacement costs of the town's POTW.
B. 
For the discovery and correction of inflow and infiltration.
C. 
For the payment of interest on and the amortization of or payment of indebtedness which has been or shall be incurred for the construction or extension of the town's POTW.
D. 
For the extension, enlargement, replacement of and/or additions to the town's POTW, including any necessary appurtenances.
A. 
The town shall maintain and keep proper books of records and accounts for the POTW, separate from all other records and accounts, in which shall be made full and correct entries of all transactions relating to the POTW. Such records and accounts shall be kept separately for each district. As necessary, the town will cause an audit of such books of record and account for the preceding fiscal year to be made by a recognized independent certified public accountant, and will supply such audit report to authorized officials and the public, on request.
B. 
There shall be an annual review of the sewer charge system to determine if it is adequate to meet expenditures for all programs for the coming year.
C. 
The district shall maintain and carry insurance on all physical properties of the POTW, of the kinds and in the amounts normally carried by public utility companies and municipalities engaged in the operation of sewage disposal systems. All moneys received for losses under any such insurance policies shall be applied solely to the replacement and restoration of the property damaged or destroyed.