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• <br />I1. REVENUE POLICIES <br />A. Purpose <br />The revenue policies are designed to ensure 1) diversified and stable revenue <br />sources; 2) adequate long-term funding by using specific revenue sources to <br />fund related programs and services; and 3) funding levels to accommodate all <br />city services and programs equitably. <br />B. Policy <br />The city will maintain a diversified and stable revenue system in order to avoid <br />short-term fluctuations in a single revenue source. <br />The city will establish fees and charges based upon the actual cost of providing <br />services. <br />The city will annually evaluate the relationship of its fee structure to actual <br />expenditures for fee services and readjust it for increased costs and inflation. <br />• The city will set recreation fees to cover the direct costs of established <br />programs. <br />The city will set a sanitary sewer fee and storm drainage fee to cover all the <br />costs including straight-line depreciation as well as administrative and general <br />government costs. <br />The city will offset reduced revenues with reduced expenditures. <br />111. INVESTMENT POLICIES <br />A. Purpose <br />The investment policies are designed to legally maximize the return on the city's <br />idle funds. <br />B. Policy <br />The city will regularly analyze its cash flow needs. <br />The city will collect, disburse, and deposit funds on a regular basis. <br />The city will pool cash from its different funds and invest it as allowed by law. <br />• <br />IS <br />