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  <br />and other current economic factors. At its discretion city council could approve a higher or not include a <br />safe margin in its levied property tax revenues. <br /> Financial planning should consider the instability of intergovernmental sources and the limits and <br />demands on property taxes. Therefore, City must continue to make effective use of fees, charges, and <br />other non-tax revenues. <br /> Planning must recognize the relationship between finance and community development. Significant fee <br />revenue associated with redevelopment and commercial expansions should not be considered <br />reoccurring in nature. Given the City’s substantially developed status, the revenue from development- <br />related charges (building permits, plan check fees, etc.) fees should be based on reasonable levels of <br />repairs and renovation activity. <br /> The City will establish all user charges and fees for General Fund program activities at a level related to <br />the cost of providing the services, or as adjusted for particular program goals. Each year, the City will <br />review the full cost of activities supported by user fees in order to identify the impact of inflation and <br />other cost increases. These fees, along with the resulting net property tax costs, will be reviewed with <br />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 />STAFF RECOMMENDATION: <br /> <br />Approve the Financial Policy revision as presented <br />