COSTS REASONABLY BORNE, as used and ordered to be applied in this chapter, are to consist of the following elements:
(A) All applicable direct costs including, but not limited to, salaries, wages, overtime, employee fringe benefits, services and supplies, maintenance and operation expenses, contracted services, special supplies, and any other direct expense incurred;
(B) All applicable indirect costs including, but not restricted to, building maintenance and operations, equipment maintenance and operations, communica-tions expenses, computer costs, printing and reproduction, and like expenses when distributed on an accounted and documented rational proration system;
(C) Fixed assets recovery expenses, consisting of descriptions of fixed assets, and additional fixed asset expense recovery charges calculated on the current estimated costs of replacement, divided by the approximate life expectancy of the fixed asset; a further additional charge to make up the difference between book value depreciation not previously recovered and reserved in cash and the full cost of replacement, which also shall be calculated and considered a cost so as to recover such unrecovered costs between book value and cost of replacement over the remaining life of the asset;
(D) (1) General overhead, expressed as a percentage, distributing and charging the expenses of the City Council, City Manager, City Clerk, Elections, City Treasurer, Finance Department, City Attorney, unallocated non-departmental expenses, and all other staff and support service provided to the entire city organization as now organized and as it may be reorganized at any time in the future.
(2) Overhead shall be prorated between tax-financed services and fee-financed services on the basis of such percentage so that each of taxes, fees and charges shall proportionately defray such overhead costs;
(E) Departmental overhead, expressed as a percentage, distributing and charging the cost of each department head and his or her supporting expenses as enumerated in division (A), (B), and (C) of this section; and
(F) Debt service costs, consisting of repaying of principal, payment of interest, and trustee fees and administrative expenses for all applicable bond, certificate, or securities issues or loans. Any required coverage factors of added reserves beyond basic debt service costs also shall be considered a cost if required by covenant within any securities ordinance, resolution indenture, or general law applicable to city.
('66 Code, § 3-10.03) (Ord. 735-C-S, passed 2-9-89)