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Revenue Policy 224 225 Purpose 226 227 To provide a diversified and strong set of revenues to ensure a stable revenue system for City 228 programs and services 229 230 To match revenues with similar uses to ensure adequate funding for the various City services 231 and programs over the long-term 232 Policy 233 234 The City will try to maintain a diversified and stable revenue system and to shelter it from 235 short run fluctuations in any one revenue source 236 237 Absent any outside legal restrictions, all Federal, State, County, or other governmental 238 financial aids, should be formally designated, by resolution, towards a specific program or 239 service. General purpose aids shall only be used for capital or non-recurring expenditures 240 and not for on-going operations. 241 242 Each year the City will recalculate the full costs of activities supported by user fees, to 243 identify the impact of inflation and other cost increases, and will set those fees as 244 appropriate. Fees will be established and adopted annually on the Fee Schedule. 245 246 The City will set fees and user charges for each enterprise fund, such as water and sewer, at a 247 level that fully supports the total direct and indirect cost of the activity. Indirect costs include 248 the cost of annual straight life depreciation of capital assets and each fund's share of the 249 administrative and general government costs incurred by the general operating fund 250 251 Absent public policy reasons to the contrary, the City will set fees and user charges for non- 252 enterprise funds, at a level that fully supports the total direct and indirect cost of the activity. 253 Indirect costs include the cost of annual straight life depreciation of capital assets 254 255 Implementation 256 The Budget accurately allocates the revenues and expenditures of City programs and 257 services. 258 Page 7 of 12