REASONABLE COSTS, as used in this chapter, shall 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 operating expenses, contracted services, special supplies and any other direct expense incurred.
B. All applicable indirect costs including, but not restricted to, the maintenance and operation of buildings and equipment, communications expenses, computer costs, printing and reproduction, vehicle expenses, insurance, and like expenses when distributed by a documented system of cost allocation.
C. Fixed asset recovery expenses, consisting of depreciation of fixed assets, additional fixed asset expense recovery charges, and rental expenses related to the replacement of fixed assets.
D. General overhead, expressed as a percentage of total city costs, distributing and charging the expenses of the Mayor and City Council and all other staff and support services provided to the entire city organization, which costs are not otherwise directly distributed or charged.
E. Departmental overhead, expressed as a percentage of the total costs of each city department, distributing and charging the cost of each department director and related supporting expenses as outlined in subsections A, B, C and F of this section.
F. Debt service costs, consisting of repayment of principal, payment of interest, and trustee fees, and administrative expenses for all applicable bonds, certificates, notes, or securities issued. Any required coverage factors or required or established 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 the city.
(Ord. 12-1086, § 3, passed 10-23-2012; Ord. 98-554, § 1, passed - -1998; Ord. 94-449, § 1 (part), passed - -1994)