HomeMy WebLinkAbout(2019, 02/12) - F-4 - AmendedREVENUE MEASURES
PURPOSE
F-4
In consideration of long-term fiscal sustainability and to establish a basis for staff
recommendations on revenue matters, the following revenue policies are established.
A. Revenue measure changes may be processed at any time during the fiscal year.
B. Special services, which can be identified with the recipients, will be self -supported
from service fees to the maximum extent practicable. Service fees shall be
established by City Council resolution, and can be found in the Schedule of Rents,
Fines and Fees in compliance with applicable State law, and shall be periodically
reviewed and updated for compliance with applicable State law.
C. Reasonable effort will be made to establish revenue measures which will cause
transient and recreation visitors to Newport Beach to carry a fair portion of the
expenses incurred by the City as a result of their use of public facilities.
D. The City will establish appropriate cost -recovery targets for its fee structure and
will periodically adjust its fee structure to ensure that the fees continue to meet
cost recovery targets. When requested by the Finance Director, or his/her
designee, each Department shall provide the Finance Department with a listing of
the services and the respective fees imposed by Department. This listing shall
identify the estimated costs to the City in providing the product or service
associated with each fee as well as any recommended revision in the fee. The
Finance Department may study, internally or using an outside consultant, the
costs of providing such services and recommend fees to each Department.
E. The Finance Department, with the assistance of the initiating Department, shall
present any new or revised revenue measures to the Finance Committee for
review. The purpose of the review of the Finance Committee will be to confirm
that increases in existing fees or any new fees are intended to recoup costs being
incurred by the City, or revisions in proposed taxes or other charges are fairly
charged. Any revised fees or new revenue measures will be referred to the City
Council for review and action. The Finance Department shall endeavor to consult
with private individuals, business groups and individual business persons on the
economic impact any recommended revenue measure changes may have on them.
Their response, the estimated costs to the City in providing the product or service
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F-4
or service and the recommended revision to the revenue measure shall be included
in the information forwarded to the City Council.
F. The City will proactively seek to protect and expand its tax base by encouraging a
healthy underlying economy.
G. The City will work to enhance and protect the property values of all Newport
Beach residents and property owners.
H. The City will encourage shopping, dining, and visiting at Newport Beach stores,
restaurants and hotels.
I. The City will oppose efforts of the State and County governments to divert
revenues from the City or to increase unfunded service mandate of City taxpayers.
J. The City will seek additional intergovernmental funding and grants, with a
priority on funding one-time capital projects. Grant -funded projects that require
multi-year financial support of the City will be reviewed by City Council, to the
extent required by Council Policy F-3. Also, see Council Policy F-25 for specific
grant acceptance and administration procedures.
K. The City will not rely on one-time revenue sources to fund operations. One-time
revenues sources, whenever possible, will be used to fund one-time projects,
augment reserve balances or fund unfunded liabilities.
Adopted - August 26, 1968
Reaffirmed - November 12,1968
Reaffirmed - March 9,1970
Reaffirmed - February 14,1972
Reaffirmed - December 10, 1973
Reaffirmed - November 11, 1974
Amended - January 24,1994
Formerly F-13
Amended - February 27,1995
Corrected - February 26, 1996
Amended - May 26,1998
Amended - May 8, 2001
Amended - April 13, 2004
Amended - September 27, 2011
Amended - February 12, 2019
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