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Revenue Policies <br />PT TR P(-lcsF, <br />1. To provide a diversified and strong set of revenues to ensure a stable revenue system for the City. <br />2. To match similar sources and uses of revenues and thus to ensure adequate funding for the various <br />City services and programs over the long -term. <br />3. To ensure equitable funding among City programs and services. <br />PnT .T(w <br />X The City will try to maintain a diversified and stable revenue system and to shelter it from short run <br />fluctuations in any one revenue source. <br />X The City will establish all user charges and fees at a level related to the cost of providing the <br />services. <br />X Each year the City will recalculate the full costs of activities supported by user fees, to identify the <br />impact of inflation and other cost increases. <br />X The City will automatically revise user fees, with review by the Council, to adjust for inflation and <br />changes in desired outcomes. <br />X The City will set fees and user charges for each enterprise fund, such as water and sewer, at a level <br />that fully supports the total direct and indirect cost of the activity. Indirect costs include the cost of <br />annual straight life depreciation of capital assets and each fund's share of the administrative and <br />general government costs incurred by the general operating fund. <br />X The City will set fees for other user activities, such as recreation programs, at a level to move toward <br />supporting 100 percent of the direct and indirect cost of the activities. <br />IMPLEMENTATION <br />The 2002 Budget accurately and equitably allocates the costs of city services and the financing is <br />predicated on a level of revenues to adequately cover those costs. <br />II -16 <br />