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<br />. <br /> <br />e <br /> <br /> <br />Contingencies <br /> <br />The City shall budget a contingency in each of its operating and capital <br />improvement funds. The contingency amount shall be used at the discretion of <br />the City Manager for items that were unexpected or unforseen during the formal <br />budget process. <br /> <br />GFOA DistinQuished Budget Presentation Award <br /> <br />The City shall annually submit necessary documentation to obtain the <br />Distinguished Budget Presentation Award as awarded by the Governmental <br />Finance Officers Association of the United States and Canada. <br />, <br /> <br />2. Revenue Policies <br /> <br />The objectives of the revenue policies is to ensure that funding for public programs <br />is derived from a fair. equitable and adequate resource base, while minimizing tax <br />differential burdens. <br /> <br />Revenue structure <br /> <br />The City shall attempt to obtain a diversified and stable revenue system to <br />shelter programs from short-term fluctuations in any single revenue source. <br />Potential revenue sources will be evaluated and, if feasible. initiated. <br /> <br />Revenue collection <br /> <br />The City shall follow an aggressive, but humane, policy of collecting revenues. <br /> <br />Sources of services financing <br /> <br />Services which have a city-wide benefit shall be financed with revenue sources <br />which are generated from a broad base. such as property and other taxes. <br />Services where the customer determines the use shall be financed with user <br />fees, charges and assessments directly related to the level of service provided. <br /> <br />Tax base capacity <br /> <br />The objective of the City is to ensure that local general tax resources are not <br />increased faster than the tax base capacity of the community. <br /> <br />2 <br />