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• Establish utility rates sufficient to fund both the operating costs and the replacement of capital equipment items, plus maintain an adequate level of working capital. • As part of the City's enterprise effort, evaluate City services and pursue actions to accomplish the following: • The City will charge non - resident fees, which reflect the total cost of the activity or programs. • Make services financially self - supporting or, whenever possible, strive to develop and maintain them as possible. • Establish user charges and fees at or near a level related to the direct, indirect, and overhead cost of providing the services for the enterprise operations. • Annually review City services and identify those for which charging user fees are appropriate. These services will be identified as enterprise services and fees will be set for each. Included, as part of this process, will be a market analysis that compares our fees to that charged by other cities. • Identify some enterprise services as entrepreneurial in nature. The intent of entrepreneurial services will be to maximize revenues to the extent the market allows. • Waive or offer reduced fees to youth, seniors, community service groups, and other special population groups identified by the Council as requiring funding support to maintain program offerings. Selected criteria: To determine the specific rate to charge a fee for services rendered, the rate criteria can be one of five approaches: 1. Market Comparison ➢ Attempt to set fees equal to the market rate. 2. Maximum set by External Source ➢ Fees set by legislation, Uniform Building Code, etc. 3. Entrepreneurial Approach ➢ Fees will be at the top of the market. 4. Recover the Cost of Service ➢ Program will be self - supporting. 5. Utility Fees ➢ An analysis will be completed each year to determine the rate necessary to balance the operating budget.