ITEM 15 ATTACHMENT 1 - Laserfiche WebLink

• The fees and charges will be set at a level that fully supports the total direct and indirect cost of the activity, including administrative overhead and depreciation, and in accordance with the City's Fee Policy. • The City will prepare periodic financial reports of actual revenue received, for review by the City Council, to provide information on the status of the City's financial condition. • The City will maintain and further develop methods to track major revenue sources and evaluate financial trends. • The City will establish methods to maximize the accuracy of revenue forecasts. C. COST OF SERVICES POLICIES • The City will recover the costs of new facilities and infrastructure necessitated by development, consistent with State law. • The City will consider requiring large developments to prepare a fiscal analysis, which measures direct and indirect costs and benefits to the City. D. EXPENDITURE AND BUDGETING POLICIES • The City will prepare a balanced budget. • Surplus fund balances may be used to increase reserves, fund Capital Improvement Projects, prepay pension liabilities, or other one-time uses. • The City will deliver service in the most effective manner, including utilizing the services of volunteers in areas where it is economically viable. • The budget will state the objectives of the operating programs, and identify the service and resources being provided to accomplish the specified objectives. • The budget will fully account for and apportion all costs, fees, and General Fund transfers associated with the Enterprise Funds. • Department expenditures are limited to: • Budgeted expenditures approved by the City Council as appropriated by major category: • Employee Services; Transportation and Training • Repairs and Maintenance, Materials, Supplies and Services; Capital Outlay; and Debt Services. • All budget transfers within a fund require the approval of the City Manager or designee. • Budget transfers required to hire additional permanent personnel require the City Council's approval. • The City will have various expenditure controls in place to ensure the City does not over - expend its budget including (1) position requisition must be budgeted and approved by the City Manager, (2) Finance staff will review purchase and contract requests to ensure there are adequate funds and (3) mid -year budget reviews to forecast expenses and revenues through year-end to ensure the City ends the year with a balanced budget. 215