All computer equipment, supplies and materials of the various city divisions and departments shall be transferred to the computer services fund as directed by the finance director. The charges for the rental for the use of computer equipment shall be sufficient to cover the maintenance, operation, replacement and lease or rental of such equipment, and the terms for the rental thereof shall be on an annual, monthly, daily or hourly basis as determined by the finance director. A schedule of such charges shall be prepared by the finance director, subject to the approval of the city council. Such rental rates may be reviewed and if needed, be revised at least annually, to meet changing costs of maintenance, operation, replacement and lease or rental of the equipment. (Ord. 1021 §24, 1995; Ord. 268 §1 (part), 1972).