HomeMy WebLinkAbout(2011, 09/27) - F-4 - AmendedF-4
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REVENUE MEASURES
PURPOSE
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 entire fiscal
year.
B. Special services, which can be identified with the recipients, will be self-
supported from service fees to the maximum extent possible. Service fees shall
be established in the Master Fee Schedule in compliance with applicable State
law, and shall be periodically reviewed for compliance with applicable State law.
C. Every reasonable effort will be made to establish revenue measures which will
cause the transients 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 annually adjust its fee structure to ensure that the fees continue to meet cost
recovery targets. When requested by the Finance Director, each department shall
provide the Finance Department 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 City Council for review. 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 and the
recommended revision to the revenue measure shall be included in t he
information forwarded to the City Council.
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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 support will be reviewed by City Council.
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 Amended - February 27, 1995
Reaffirmed - November 12, 1968 Corrected - February 26, 1996
Reaffirmed - March 9, 1970 Amended - May 26, 1998
Reaffirmed - February 14, 1972 Amended – May 8, 2001
Reaffirmed - December 10, 1973 Amended – April 13, 2004
Reaffirmed - November 11, 1974 Amended – September 27, 2011
Amended - January 24, 1994
Formerly F-13