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<br />G. Contingent Appropriation - A provision shall be made in the budget for a contingent <br />appropriation of no more than three percent of total expenditures to be used in case of <br />emergencies or unforeseen circumstances. The contingent appropriation shall be under <br />the control of and distributed by the City Manager after approval of the City Council. A <br />detailed account of contingent appropriation expenditures shall be recorded and reported. <br /> <br />All expenditures of the contingent appropriation will be evaluated using the following <br />criteria: <br /> <br />. <br /> <br />Is the request of such an emergency nature that it must be made immediately? <br /> <br />. <br /> <br />Why was the item not budgeted in the normal budget process? <br /> <br />. <br /> <br />Why the transfer cannot be made within the division or department? <br /> <br />III. <br /> <br />REVENUE POLICIES <br /> <br />A. Characteristics - The City Finance Department will strive for the following optimum <br />characteristics in its revenue system: <br /> <br />1. Simplicity - Where possible and without sacrificing accuracy, the revenue system <br />will be kept in simple in order to reduce compliance costs for the taxpayer or <br />service recipient. <br /> <br />2. Certainty - There will be a thorough knowledge and understanding of revenue <br />sources to increase the reliability of the revenue system. Consistent collection <br />policies will be enacted to provide assurances that the revenue base will <br />materialize according to budgets and plans. <br /> <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 /> <br />4. Revenue Adequacy - There will be a balance in the revenue system; i.e., the <br />revenue base will have the characteristics of fairness and neutrality as it applies to <br />cost of service, willingness to pay, and ability to pay. <br /> <br />5. Administration - The benefits of a revenue source should exceed the cost of <br />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 /> <br />City of San Marcos Financial Policy <br /> <br />Page 3 of17 <br />