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.,-.} . PURPOSE Revenue Policies I To provide a diversified and strong set of revenues to ensure a stable revenue system for the City 2 To match similar sources and uses of revenues and thus to ensure adequate funding for the various City services and programs over the long-term. 3. To ensure equitable funding among City programs and services. POLICY • The City will try to maintain a diversified and stable revenue system and to shelter it from short ru�t fluctuations in any one r�vcnue source. • The City will e.stablist� all user charges and fccs at a te�el related to the cost of providing the services. • Each year the City will recalculate the full costs ofactivities supported by user fees, to identify the impact of inflation and other cost increases. • The City will automatically revise user fees, with review by the Council, to adjust for inflation and changes in desired outcomes. • 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 cost of annuai straight life depreciation of capital assets and each fund's share of the administrative and general government costs incurred by the general operating fund. �The City will set fees for other user activities, such as recreation programs, at a level to move toward supporting 100 percent of the direct and indirect cost of the activities. r�� .r�� r�.��.a�ra �a�, The 2001 Budnct accuraEely and equita5lv allacatcs the costs of c�tv servxccs and the financing � predicated on a level of revenues to adequately cover those costs. � TT-1 a � � � �� � � _ • 4� � ��-�w��'' �J" i •tir� � � I �k �