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II. REVENUE POLICIES <br /> A. PURPOSE <br /> The revenue policies are designed to ensure 1) diversified and stable <br /> revenue sources, 2) adequate long -term funding by using specific revenue <br /> sources to fund related programs and services, and 3) funding levels to <br /> accommodate all city services and programs equitably. <br /> B. POLICY <br /> The city will maintain a diversified stable in order to <br /> avoid short term fluctuations in a single <br /> the city will establish fees and charges based upon the actual cost of <br /> providing services. <br /> The city will annually evaluate the relationship of its fee structure to <br /> actual expenditures for fee services and re- adjust it for increased costs <br /> 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 rescue service fee to cover all <br /> che costs including straight -line depreciation as well as administrative <br /> general and g <br /> l costs. <br /> The city will offset reduced revenues with reduced expenditures. <br /> III. INVESTMENT POLICIES <br /> A. PURPOSE <br /> The investment policies are designed to legally maximize the return on the <br /> city's 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 <br /> by law. <br /> The general fund will receive 5 percent of all investment earnings as <br /> administrative fees for the finance director's time. <br /> The city will invest funds for the highest rate of return possible allowed <br /> under state and federal law, while maintaining a diversified investment <br /> portfolio. <br /> The city will regularly review its cash position and investment performance <br /> as documented by its financial records. <br />