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G. Contingent _ Appropriation — A provision shall be made in the budget for a <br />contingent appropriation of no more than three percent of total expenditures to be used in <br />case of emergencies or unforeseen circumstances. The contingent appropriation shall be <br />under the control of and distributed by the City Manager after approval of the City <br />Council. A detailed account of contingent appropriation expenditures shall be recorded <br />and reported. <br />All expenditures of the contingent appropriation will be evaluated using the following <br />criteria: <br />- Is the request of such an emergency nature that it must be made immediately? <br />- Why was the item not budgeted in the normal budget process? <br />- Why the transfer cannot be made within the division or department? <br />III. Revenue Policies <br />A. Characteristics — The City Finance Department will strive for the following <br />optimum characteristics in its revenue system: <br />1. Simplicity — Where possible and without sacrificing accuracy, the revenue <br />system will be kept in simple order to reduce compliance costs for the taxpayer or <br />service recipient. <br />2. Certainty — There will be a thorough knowledge and understanding of <br />revenue sources to increase the reliability of the revenue system. Consistent <br />collection policies will be enacted to provide assurances that the revenue base will <br />materialize according to budgets and plans. <br />3. Equity — Equity will be maintained in the revenue system structure; i.e., <br />subsidization between entities, funds, services, utilities, and customer classes will <br />be minimized or eliminated. <br />4. Revenue Adequacy — There will be a balance in the revenue system; i.e., <br />the revenue base will have the characteristics of fairness and neutrality as it <br />applies to cost of service, willingness to pay, and ability to pay. <br />5. Administration — The benefits of a revenue source should exceed the cost <br />of levying and collecting that revenue. The cost of collection should be reviewed <br />annually for cost effectiveness as a part of the indirect cost of service analysis. <br />Where appropriate, the administrative processes of state, federal or local <br />governmental collection agencies will be used in order to reduce administrative <br />cost. <br />6. Diversification and Stability — A diversified revenue system with a stable <br />source of income should be maintained. This will help avoid instabilities in <br />similar revenue sources due to factors such as fluctuations in the economy and <br />variations in the weather. <br />