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Section 6. Capital Improvement Program (CIP) (continued) <br />p. Street and road improvement projects shall be evaluated for the inclusion of <br />features that support the City's "Walk and Roll Plan" in order to encourage <br />walking, bicycling, and use of public transit. <br />Policies will be reviewed annually and in concert with the adoption of growth <br />management policies to ensure continuity. <br />r. Transportation impact fees shall be collected so that "growth may pay for growth" <br />and growth -caused improvements may be constructed. <br />q• <br />Section 7. Enterprise Funds <br />a. Utility fund expenditures shall be fully supported by their own rates, fees, and <br />charges and notsubsidized by the General Fund. <br />b. Utility rates should be structured to ensure adequate infrastructure development <br />and replacement. <br />c. Each Enterprise Fund shall be reviewed bi-annually to ensure a rate structure <br />adequate to meet its operations, maintenance, and long-term capital <br />requirements. <br />d. Enterprise Fund rate increases shall be small, applied frequently, and staggered <br />to avoid an overly burdensome increase and undue impact in any given year. <br />e. Enterprise Fund rate increases of external agencies will be passed through to the <br />customer. <br />f. Infrastructure improvements such as water reuse should considerconservation of <br />resources such as water and electricity. <br />Section 8. Debt <br />Cross references: Debt Policy (Resolution No. 1840) <br />a. Appropriate management of debt is an important factor in measuring the City's <br />financial performance and condition. <br />Section 9. Reserves <br />a. Prudentfinancial managementdictates that some portion of fundsavailableto the <br />City be reserved for future use. <br />b. At the close of each fiscal year, the General Fund unassigned balance shall equal <br />or exceed 18% and the Contingency Fund reserve balance shall equal or exceed <br />10% of the previous year General Fund revenue, exclusive of significant non - <br />operating, non -recurring revenues such as real estate sales or transfers in from <br />other funds. <br />Financial Policies 11-30-20 Page 4 of 5 <br />12 <br />