Laserfiche WebLink
^ The maintenance of the best possible credit rating shall be a major factor in all financial <br />decisions. For the purposes of issuing debt, bond rating categories shall be used as a <br />means of assessing the City's financial condition. <br />hnplementation <br />The debt management section of this approved Budget and Capital Improvement Program <br />demonstrate comp]iance toward achieving the city's debt policy. <br />Revenue Policy <br />Purpose <br />^ To provide a diversified and strong set of revenues to ensure a stable revenue system for <br />City programs and services <br />^ To match revenues with similar uses to ensure adequate funding for the various City <br />services and programs over the long-teen <br />Policv <br />^ The City will try to maintain a diversified and stable revenue system and to shelter it <br />from short run fluctuations in any one revenue source <br />^ Absent any outside legal restrictions, all Federal, State, Cowity, or other governmental <br />financial aids, should be formally designated, by resolution, towards a specific program <br />or service. General purpose aids shall only be used for capital or non-recurring <br />expenditures and not for on-going operations. <br />^ Each year the City will recalculate the full costs of activities supported by user fees, to <br />identify the impact of inflation and other cost increases, and will set those Fees as <br />appropriate. Fees will 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 <br />sewer, 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 and <br />each fund's share of the administrative and general government costs incurred by the <br />general operating fund <br />^ Absent public policy reasons to the contrary, the City will set fees and user charges for <br />non-enterprise funds, at a level that fully supports the total direct and indirect cost of the <br />activity. Indirect costs include the cost of annual straight life depreciation of capital <br />assets <br />Irnnlementation <br />The Budget accurately allocates the revenues and expenditures of City programs and services. <br />5 <br />