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Revenue Policy <br /> Purpose <br /> ❑ To provide a diversified and strong set of revenues to ensure a stable revenue system for City <br /> programs and services. <br /> ❑ To match revenues with similar uses to ensure adequate funding for the various City services <br /> and programs over the long-term. <br /> Policy <br /> ❑ The City will try to maintain a diversified and stable revenue system and to shelter it from short <br /> run fluctuations in any one revenue source. <br /> ❑ Absent any outside legal restrictions, all Federal, State, County,or other governmental financial <br /> aids, should be formally designated, by resolution, towards a specific program or service. <br /> General purpose aids shall only be used for capital or non-recurring expenditures and not for on- <br /> going operations. <br /> ❑ Each year the City will recalculate the full costs of activities supported by user fees, to identify <br /> the impact of inflation and other cost changes, and will set those fees as appropriate. Fees will <br /> be established and adopted annually on the Fee Schedule. <br /> ❑ The City will set fees and user charges for each enterprise fund, such as water and sewer, at a <br /> level that fully supports the total direct and indirect cost of the activity. Indirect costs include <br /> the estimated replacement cost of capital assets and each fund's share of the administrative and <br /> general government costs incurred by the general operating fund. <br /> ❑ Absent public policy reasons to the contrary, the City will set fees and user charges for non- <br /> enterprise funds, at a level that fully supports the total direct and indirect cost of the activity. <br /> Indirect costs include the cost of annual straight life depreciation of capital assets. <br /> Implementation <br /> The Budget accurately allocates the revenues and expenditures of City programs and services. <br /> Page 6 of 15 <br />