All the affairs of said District shall be managed by a Board of Trustees composed of five (5) members elected by the legal voters of the Town of Kennebunk. Each member is elected for a five year term on a rotating basis. After each election year, the Trustees elect their own officers and appoint a Treasurer and all other officers and agents for the proper conduct and management of the affairs of the District.

Rates are established by the Board of Trustees to pay the current expenses of the system; to provide for the payment of any indebtedness; to provide a depreciation and obsolescence fund and to provide and accumulate from year to year surplus funds to carry out the general purpose of the District.

The Board is required by its charter to have an annual audit completed and to issue an annual report.