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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 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. General <br /> purpose aids shall only be used for capital or non-recurring expenditures and not for on-going <br /> operations. <br /> ❑ Each year the City will recalculate the full costs of activities supported by user fees,to identify the <br /> impact of inflation and other cost increases, 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 level <br /> that fully supports the total direct and indirect cost of the activity. Indirect costs include the cost of <br /> annual straight life depreciation 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 5 of 10 <br />