ITEM 15 ATTACHMENT 1 - Laserfiche WebLink

A. GENERAL POLICIES • The City will manage its financial assets in a sound and prudent manner. • The City will maintain sound financial practices in accordance with State law, and direct its financial resources toward meeting the City's long-term goals. • The City will maintain and further develop programs to assure its long-term ability to pay all the costs necessary to provide the level and quality of service required by its citizens. • The City will maintain accounting systems in conformance with generally accepted accounting principles. • The City will establish and maintain investment policies in accordance with State laws that stress safety and liquidity over yield. B. REVENUE POLICIES • The City will strive to maintain a diversified and stable revenue base that is not overly dependent on any land use, major taxpayer, revenue type, restricted revenue, inelastic revenue, or external revenue. • The City will aggressively pursue revenue collection and auditing to assure that moneys due the City are accurately received in a timely manner. • The City will seek Federal and State grants and reimbursements for mandated costs whenever possible. • The City will investigate potential new revenue sources, particularly those which will not add to the tax burden of residents or local businesses. • The City will work proactively with the League of California Cities and local communities to monitor legislation that may impact the City financially. • The City will avoid targeting revenues for specific purposes whenever possible. • The City will review user fees and charges and attempt to set them as close as possible to the cost of providing services, except as provided by the City's Fee Policy or specific direction. • The City will impose user fees when appropriate. • The City will adopt a user fee policy, which establishes desired levels of cost recovery and determines the minimum frequency of user fee reviews. 214