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<br />As part of the City’s enterprise effort, evaluate City services and pursue actions to accomplish the <br />following: <br /> The City will charge fees, which reflect the total cost of the activity or programs. <br /> Make services financially self-supporting or, whenever possible, strive to develop and maintain <br />them as profitable. <br /> Establish user charges and fees at or near a level related to the direct, indirect, and overhead cost <br />of providing the services for the enterprise operations. <br /> <br />• Annually review City services and identify those for which charging user fees are appropriate. These <br />services will be identified as enterprise services and fees will be set for each. Included, as part of this <br />process, will include an analysis that compares our fees to that charged by other cities. <br /> <br />• Provide Administrative and Financial services which are entrepreneurial in nature. The intent of <br />entrepreneurial services will be to augment City revenues, enhance service level capacity and to <br />create efficiencies for both the City and its partners. <br /> <br />Selected criteria: <br />To determine the specific rate to charge a fee for services rendered, the rate criteria can be one of five <br />approaches: <br /> <br />1. Market Comparison <br /> Attempt to set fees equal to the market rate. <br /> <br />2. Maximum set by External Source <br /> Fees set by legislation, Uniform Building Code, etc. <br /> <br />3. Entrepreneurial Approach <br /> Fees will be commensurate with cost while providing efficiencies not otherwise available <br />to the City. <br /> <br />4. Recover the Cost of Service <br /> Program will be self-supporting. <br /> <br />5. Utility Fees <br /> An analysis will be completed each year to determine the rates necessary to meet the <br />operating costs, encourage conservation, and provide for equipment replacement and <br />working capital. <br /> <br /> <br />III. CASH AND INVESTMENTS <br />Effective cash management is essential for fiscal management. Investment returns on funds not <br />immediately required can provide revenue for the City. Investment policies must be in compliance with <br />legal and administrative requirements in order to protect the City funds being invested. <br /> <br />Legal Requirements: <br />Minnesota Statutes authorize and define an investment program for municipal governments. <br /> <br />A. Investment Instruments Authorization <br /> <br />71