The City Council shall establish by resolution, and review annually and revise periodically, sewer service charges so that the total revenue from the collection of such charges is equal to the total cost of operating, maintaining and expanding the City sewer system. The cost of operating the system shall include the cost of providing reasonable reserves in accordance with standard public utility bookkeeping practices and the cost of amortization. All rates and charges shall meet applicable State and Federal guidelines. (Ord. 1078, 2015)