§ A11-5. Rates and ratemaking procedures.

(1)

The ordinance shall provide procedures and criteria for the authority to establish and change the rates and charges for utilities operated by the authority.

(2)

The authority's rate structure shall consider, in addition to any other criteria contained in the ordinance, the value and quality of the service and the cost of providing the service, which cost shall include, but not be limited to, interest on debt; the requirements of the authority for working capital; maintenance, depreciation, tax and operating expenses incurred in the operation of all property used and useful in the public service; and a fair return on the investment of the utility in property used and useful in the public service.

(Laws of Fla., Ch. 87-460, § 5)