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G <br />C <br />A Methodology, a Plan, and a Policy <br />Having a Fee Policy and Cost Recovery Plan assists in answering challenging questions such as: <br />• Are our programs priced fairly and equitably? <br />• Are we using funding in a responsible manner? <br />• Is there a methodology forthe distribution of tax payor dollars? <br />• Does the way we charge for programs and services support our core values and goals? <br />A Best Practice Tool <br />This comprehensive effort and approach to providing services is undertaken to introduce and implement <br />strong "best practice' business tools to the departments. The overall goal of this plan is to initiate and <br />sustain practices to achieve overall desired outcomes of a healthy and vibrant community. <br />Resource Allocation and Cost Recovery Defined <br />Resource allocation is how appropriated tax <br />dollars and alternative sources of funding are <br />used. Cost recovery is the amount of the annual <br />operating budgeted expense that can be offset <br />by funding from sources other than general <br />taxpayer dollars (whether derived from <br />property, sales, or other sources). <br />Although fee adjustments are possible, the <br />goal is not to simply generate new revenues <br />through fees, but to ensure a sustainable <br />system into the future by using tax revenues <br />and fees in the most appropriate ways, <br />supplemented where possible by grants, <br />donations, partnerships, and other sources of <br />alternative revenues. Paying taxes typically supports "core services," whereas fees and charges usually <br />account for programs and services that benefit individuals. This practice allows the City to allocate its <br />resources wisely and provide valuable information for decision making and setting priorities for <br />improvements and changes to the financial system. <br />General Fund <br />$ Taxes <br />13 <br />