The solenoid doesn't appear to have a lever around it. It does have a white screwdriver-adjustment-only knob and a small black hand-turn knob. The only other adjustments that are obvious to me are:
1) the ability to unscrew the solenoid - to change it I guess, and
2) the ability to unscrew the entire top assembly (presumably to clean out the valve).
So, what am I looking at here, Wet Boots? (Remember, you're talking to a public accountant)