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06-12-2019 Workshop & Council Packet
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06-12-2019 Workshop & Council Packet
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13 <br />not be considered reoccurring in nature. Given the City’s substantially developed status, <br />the revenue from development-related charges (building permits, plan check fees, etc.) fees <br />should be based on reasonable levels of repairs and renovation activity. <br /> The City will establish all user charges and fees for General Fund program activities at a <br />level related to the cost of providing the services, or as adjusted for particular program <br />goals. Each year, the City will review the full cost of activities supported by user fees in <br />order to identify the impact of inflation and other cost increases. These fees, along with the <br />resulting net property tax costs, will be reviewed with the City Council at budget time. <br /> Transfers between funds shall not be used as a source of revenue to balance fund deficits. <br /> <br />Utilities Revenue Policy <br /> <br />User fees that support utility enterprise operations or other enterprise operations will be <br />established at a level sufficient to fund operating costs and provide for a reasonable level of <br />replacement cost for infrastructure and equipment. Enterprise operations will be managed as <br />self-supporting services that should breakeven on a cash basis. The following considerations and <br />procedures will be used to comply with this policy: <br /> <br /> All utility rates should be adjusted on an annual basis to account for inflation. An annual <br />rate review of neighboring cities with similar utility systems will be done in order to <br />confirm that the City’s rates are at a competitive and reasonable level. <br /> Replacement (or bonding for replacement) of enterprise infrastructure will be paid with <br />accumulated (or annual) earnings of the particular system via the Water Sewer Capital <br />Replacement Fund. <br /> A transfer of equity from an enterprise fund to the General Fund should only be done in <br />extreme circumstances to fund an unusual, unanticipated expense. In no event shall such <br />equity transfers be made to balance a General Fund shortfall. Equity transfers must be <br />approved by the City Council. <br /> <br />Non-Recurring Revenue Policy <br /> <br />The City Council will use non-recurring revenue sources, such as one-time grants, settlements, and <br />intergovernmental fund transfers conservatively. This will minimize the City’s reliance on using <br />such funds to cover ongoing operating expenditures. <br /> <br /> <br />
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