Page 61 - Burleson FY22 City Budget
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financial reports will be presented to the departments within 7 business days.City Council will receive a quarterly financial
                       summary of  key funds within  30  to  45  days after  the  end  of each  quarterly period  (December,  March,  June  and
                       September).

                   D. CONTROL. Operating Expenditure Control is addressed in Section VI.C. of these Policies.

                   E.  ACTIVITY  INDICATORS  AND  STATISTICS.  Where  appropriate,  activity  indicators and  statistics  will  be  used  as
                       guidelines and reviewed for efficiency and effectiveness. This information will be considered in the annual budgeting
                       process and reported to the City Council regularly.

                   F.  OPERATING POSITION. The guidelines that the City should be following to assure fiscal stability are those outlined in
                       Financial Condition/ Reserves/Stability Ratios (IX.A. through F.).

               V. REVENUE MANAGEMENT.

                   A.  The City will strive for the following optimum characteristics in its revenue system:

                       1)  SIMPLICITY. The City, where possible and without sacrificing accuracy, will strive to keep the revenue system
                          simple in order to reduce compliance costs and to make it more understandable to the taxpayer or service recipient.
                          The City will avoid nuisance taxes or charges as revenue source.

                       2)  CERTAINTY. A knowledge and understanding of revenue sources increases the reliability of the revenue system.
                          The City will understand its revenue sources and enact consistent collection policies to provide assurances that the
                          revenue base will materialize according to budgets and plans.

                       3)  EQUITY. The City shall make every effort to maintain, equity in its revenue system structure; i.e., the City shall seek
                          to minimize or eliminate all forms of subsidy between entities, funds, services, utilities, and customers. The City
                          shall require that there be a balance in the revenue system; i.e., the revenue base will have the characteristic of
                          fairness and neutrality as it applies to cost of service, willingness to pay, and ability to pay.

                       4)  ADMINISTRATION. The benefits of a revenue will exceed the cost of collecting and administering the revenue
                          program. The cost of collection will be reviewed annually for cost effectiveness as a part of the indirect cost and
                          cost of services analysis. Where appropriate, the City will use the administrative processes of State or Federal
                          collection agencies in order to reduce administrative costs.

                       5)  DIVERSIFICATION AND STABILITY. In order to protect from fluctuations in a revenue source due to fluctuations
                          in the economy and variations in weather, a diversified revenue system will be maintained which has a stable source
                          of income. This stability is also achieved by a balance between elastic and inelastic sources of revenues.




                       6)  GRANTS AND RESTRICTED REVENUES. In order to maintain flexibility in the revenue system, restricted revenues
                          will be kept to a minimum, and shall be pursued on a cost-benefit basis. All grants and other federal/state, and
                          restricted funds shall be managed and accounted to comply with the laws, regulations, and guidance of the grantor.
                   B.  The following considerations and issues will guide the City in its revenue policies concerning specific sources of funds:

                       1)  COST/BENEFIT OF ABATEMENT. The City will use due caution in the analysis of any tax or fee incentives that
                          are used to encourage development. Ideally, a cost/benefit (fiscal impact) analysis will be performed as a part of
                          such caution.

                       2)  NON-RECURRING REVENUES. One-time or non-recurring revenues will not be used to finance current ongoing
                          operations. Non-recurring revenues should be used only for one-time expenditures such as long-lived capital needs.







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