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Revenue Policy Purpose :� To provide a diversified and strong set of revenues to ensure a stable revenue system for City programs and services •.� To match revenues with similar uses to ensure adequate funding for the various City services and programs over the long-term Policv ❖ The City will try to inaintain a diversified and stable revenue system and to shelter it from short run fluctuations in any one revenue source ❖ Absent any outside legal restrictions, all Federal, State, County, or other governmental financial aids, should be formally designated, by resolution, towards a specific program or service. General purpose aids shall only be used for capital or non-recurring expenditures and not for on-going operations. ❖ Each year the City will recalculate the full costs of activities supported by user fees, to identify the impact of inflation and other cost changes ��s, and will set those fees as appropriate. Fees will be established and adopted annually on the Fee Schedule. ❖ The City will set fees and user charges for each enterprise fund, such as water and sewer, at a level that fully supports the total direct and indirect cost of the activity. Indirect costs include the estimated replacement cost of �Nr„�' �+r�; ^�"* ';� �'�N�-�^; �+; �N �� capital assets and each fund's share of the administrative_ and general government costs incurred by the general operating fund ❖ Absent public policy reasons to the contrary, the City will set fees and user charges for non- enterprise funds, 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 Implementation The Budget accurately allocates the revenues and expenditures of City programs and services.