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POLIOWNE:POIZIOVRPOLICYPOLIIMPMPOLICYEEPOLICWINPOLICYPIPOLICY Meeting Date: 6/22/94 Agenda Item: P 5 CITY OF FALCON HEIGHTS REQUEST FOR COUNCIL CONSIDERATION ITEM DESCRIPTION: Proposed timetable for preparation of the 1995 budget SUBMITTED BY: Susan Hoyt, City Administrator Tom Kelly, Finance Director EXPLANATION /SUMMARY: The staff is beginning preparation of the city's 1995 budget. The council typcially gets involved in three levels of the budgeting process. These are: 1) confirming and establishing goals associated with specific activities that directly affect the city's budget allocation; 2) reviewing the specific proposed revenue and expenditures for 1995 and determining the appropriate levels of funding; and 3) reviewing and recommending a five year capital improvement program. The city must complete the preliminary budget and establish a proposed 1995 tax levy by September 15, 1995. Proposed timetable (These dates are regular council meeting nights): Wednesday, July 13, 1994 workshop on goals that directly affect the budget expenditures Wednesday, July 27, 1994 workshop to review the anticipated revenues and expenditures Wednesday, August 10, 1994 workshop to review the revenues and expenditures (again) and the proposed five year capital improvement program Wednesday, August 24, 1994 workshop to review the final draft of the budget Wednesday, September, 14, 1994 adopt the proposed 1995 tax levy Group think and talk session Apart from the specific budget process, staff would also recommend that the city council discuss the possibility of having a facilitated group session with the council and staff to be sure that the council's goals for the city and the way the staff does its day -to -day business are complementary. ACTION REQUESTED: Discuss, revise and adopt a budget process for 1995. Discuss a possible facilitated council and staff session in the future.