1989-019 - Laserfiche WebLink

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N. "Government" shall mean the United States of America, acting by and through the Farmers Home Administration, United States Department of Agriculture. 0. "Gross Revenues" shall mean (1) all receipts and revenues of the County derived from the imposition, collection and enforcement of uniform water and sewer service rates, fees and charges for the use of and the services furnished or to be furnished by the facilities constituting the System, excluding Surcharges, Impact Fees, Special Assessments, Franchise Fees and Fees in lieu of Franchise Fees; (2) such Surcharges, Impact Fees and Special Assessments as the Board, by resolution, may pledge specifically in connection with the Bonds; and (3) such other revenues of the County as the Board, by resolution, may pledge specifically in connection with the Bonds. "Gross Revenues" shall not include, however, such receipts, revenues and funds as, from time to time, may be released from the pledge created hereunder as permitted by Section 15 hereof. P. "Impact Fees" shall mean the fees or charges imposed upon new customers of the System to provide funds for the payment of all or a Portion of the costs and expenses of additions, extensions and improvements to the System made necessary by the inclusion of such new customers. Expenses. Q. "Net Revenues" shall mean the Gross Revenues less Operating R. ean or accrued forthe"Operatingmaintenancem tpaid operation, and repair he current tallp facilities constituting a part of the System, as determined in accordance with generally accepted accounting methods, and shall include, without limiting the generality of the foregoing, insurance premiums, administrative expenses of the County related solely to the System, costs of labor, materials and supplies used for such operation and charges for the accumulation of appropriate reserves for current expenses not annually recurrent but which are such as may reasonably be expected to be incurred in accordance with such accepted accounting methods, but shall exclude Payments into the Sinking Fund or the Reserve Account therein and any allowances for depreciation or for renewals or replacements of capital assets of the System. S. "Operation and Maintenance Fund" shall mean the account created pursuant to this Resolution for the purpose of receiving and maintaining funds transferred from the Revenue Fund for the payment of Operating Expenses. T. "Original Bonds" shall mean the bonds of the County known as the Water and Sewer Revenue Bonds, Series 1979, dated August 30, 1979, the Water and Sewer Revenue Bonds, Second Series 1979, dated May 21, 1981, the MW