Long Beach Municipal Code Art. XV Additional Public Utilities

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Editor's note— Amended by Meas. BB, 11-8-2022, eff. 1-23-2023, the title of Art. XV to read as herein set out. The former Art. XV was entitled "Department of Public Utilities."

All revenues received from the operation of each public utility owned and operated by the City and not subject to Article XIV shall be deposited and kept in a separate revenue fund in the name of the utility operation generating the revenue and shall be disbursed therefrom on behalf of each such utility operation in the following order of priority:

(1) Payment of interest and principal coming due on any bonded indebtedness relating to the utility which generates the revenue in each such specified fund;

(2) Payment of the annual operating and maintenance expenses, acquisitions, improvements and extensions of the respective utility system;

(3) Set aside a portion of each fund as a reserve to be used for contingencies in the operation of each such utility;

(4) The remainder in any of these funds that is determined by the City Manager to be unnecessary to meet the obligations described in subsections (1), (2) and (3) above may be transferred in accordance with applicable State law into the general fund of the City as approved by budget adoption or other appropriation by the City Council;

(5) The City Council is authorized to fix rates in an amount sufficient to recover the cost of the obligations described in subsections (a) through (d) above, subject to the limitation contained in Section 1502 of this Charter.

(Amended by Meas. BB, 11-8-2022, eff. 1-23-2023; Amended by Meas. M, 6-5-2018, eff. 7-10-2018)

The rates to be charged users for any services or commodities supplied by any public utility owned and operated by the City shall be based upon the prevailing rates for similar services and commodities supplied or sold by other like utilities whether public or private, operating in the Southern California area.