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33 Before pursuing the use of these alternative revenue sources, the City would need to affirm whether it has <br />34 the legal authority to enact them. If the Council is agreeable, City Staff can work with the City Attorney to <br />35 determine whether they are permitted. <br />36 <br />37 The Council is asked to provide feedback on their general acceptance to these new revenue sources. If the <br />38 Council is unsupportive then there is little reason to pursue them further. <br />39 <br />40 City Staff will be available at the meeting to provide some general comments and address any Council <br />41 inquiries. <br />42 POLICY OBJECTIVE <br />43 The use of varied revenue sources provides greater stability in preserving programs and service levels, and <br />44 can produce a more equitable distribution of program costs. This is further supported in the Council - <br />45 adopted Revenue Policy. <br />46 FINANCIAL IMPACTS <br />47 The potential revenues that could result from implementing these new funding sources vary substantially, <br />48 but could be significant and may allow the City to preserve program and services at current levels. <br />49 STAFF RECOMMENDATION <br />50 Staff recommends the continued diversification of revenue streams to support City programs and services. <br />51 REQUESTED COUNCIL ACTION <br />52 City Staff is seeking direction on whether to pursue the alternative revenue sources identified above. <br />53 <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: City Revenue Policy — Adopted 2/25/08. <br />Page 2 of 3 <br />