AgdaPkt 2004-07-26 - Laserfiche WebLink

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$.�i - 52 Beginning with fiscal year 2006-07, City will pay to SBSA the annual operation and maintenance costs in the Recycled Water Production Budget adopted by the SBSA Commission in equal monthly installments. Each installment will be due the 5`� day of each month, beginning in July 2006. Within 30 days of SBSA Commission acknowledgment of receipt of the Annual Financial Report, SBSA shall submit to the City a final detailed statement of the revenues and expenses for the fiscal year. If the total expenses for production of Recycled Water were greater than the total revenues received during the fiscal year, the shortfall shall be financed from the reserve account maintained by SBSA for City, provided there are sufficient funds in the reserve account. If there are not sufficient funds in the reserve account, City shall pay the remaining shortfall amount to SBSA within 30 days from the date it receives an invoice from SBSA. If the total expenses for production of Recycled Water were less than the total revenues received during the fiscal year, the surplus shall be credited by SBSA to the City reserve account; however, if the City's reserve account equals or exceeds twenty percent (20%) of the actual costs of production of Recycled Water during the most recently completed fiscal year, the amount of the surplus that exceeds that percentage, at the City's option, may be refunded to City within 30 days after the SBSA Commission acknowledges receipt of the Annual Financial Report. Notes: • Direct labor costs for operations (including maintenance and operation departments administration and first line supervision) will be captured by the job cost accounting system using the Recycled Water Production project code. • Direct labor and materials costs for maintenance repairs will be captured by the job cost accounting system using the Recycled Water Production project code. • Costs for chemicals purchased solely for Recycled Water production will be captured by the job cost accounting system using the Recycled Water Production project code. • Costs for chemicals purchased for multiple uses will be expensed to the Recycled Water Operations Fund based on operating inventory records showing amounts actually used for Recycled Water production and will be credited to the operating account under which they were initially charged. • Costs for predictive maintenance and preventive maintenance, will be determined from equipment operating and maintenance cost schedules • Costs for laboratory analyses will be determined by the most recent Schedule of Fees and Charges for Technical Services adopted by the SBSA Commission. August 1, 2004 2 of 4