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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 matchrevenues withsimilar uses to ensure adequate funding for the various City services and <br />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 costchanges,and will set those fees as appropriate. Fees will be <br />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 the <br />estimated replacementcost 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 />93 <br /> <br />