§ 19-188. Annual index adjustments.

The board hereby authorizes and approves an automatic annual rate adjustment applicable to all water/wastewater rates, fees and charges for utility services as necessary to provide for increases in expenses due to inflation or other such factors, so as to always ensure adequate net revenues from existing ERC's that will pay for inflationary increases in operation and maintenance of the system and to provide all utility-related debt service coverage requirements of the county. The automatic index adjustment shall be determined on an annual basis and shall become effective the first billing period of October 1 of each fiscal year. The index adjustment shall not exceed 4.5 percent during any fiscal year. Subsequent annual index adjustments shall not exceed the consumer price index as published by the Bureau of Labor Statistics or another price index factor adopted by the board.

(Ord. No. 04-4, § 15, 3-2-2004)