CC_Minutes_2005_1017 - Laserfiche WebLink

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!?e ~ 5x .........L'___ :-Revenue Policies PURPOSE 1_ To provide a diversified and strong set of revenues to ensure a stable revenue system for the City. 2. To match similar sources and uses of revenues and thus to ensure adequate funding for the various City services and programs over the long-term. 3. To ensure equitable funding among City programs and services. POLICY . The City will try to maintain a diversified and stable revenue system and to shelter it from short run fluctuations in anyone revenue source. . The City will establish all user charges and fees at a level related to the cost of providing the services. . Each year the City will recalculate the full costs of activities supported by user fees, to identify the impact of inflation and other cost increases. . The City will automatically revise user fees, with review by the Council, to adjust for inflation and changes in desired outcomes. . The City will sct fees and user charges for each enterprise fund, sueh as water and sewer, at a level that fully supports the total direct and indirect cost of the activity. Indirect costs include the cost of annual straight life depreciation of capital assets and each fund's share of the administrative and general government costs incurred by the general operating fund. l) The City will set fees for other user activities, such as recreation programs, at a level to 1JI0ve toward supporting 100 percent of the direct and indirect cost of the activities. - IMPLEMENT A TION The 200 I Budget accurately and equitably allocates the costs of city services and the financing is .. predicated on a level of revenues to adequately cover those costs. 11-16 J;i'e4''-AJ,\ .J-l=~~ t~~ iCl'-h'llo5