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RELEVANT LINKS: <br />League of Minnesota Cities Information Memo: 5/10/2019 <br />Newspaper Publication Page 12 <br /> • Summary-budget statements. <br />• Municipal-liquor-store balance sheets. <br />• Annual financial reports or summaries. <br />• Tax-increment -finance (TIF) annual statements. <br /> a. Summary-budget statement <br />Minn. Stat. § 471.6965. The city council must publish a summary-budget statement each year after <br />it adopts the city budget. The summary-budget statement must be <br />published in one of the following: <br />See Part I-section A <br />Qualified newspapers. • The official newspaper of the city. If there is no official newspaper, it <br />may be published in a qualified newspaper of general circulation in the <br />city. <br />• A city newsletter or other city mailing that is sent to all households in <br />the city. The newsletter or mailing must also be sent to any nonresident <br />upon request. If the summary-budget statement is published in a city <br />newsletter, it must be the lead story. If the statement is published by a <br />mailing other than a newsletter, the color of the paper on which the <br />summary-budget statement is printed must be distinctively different <br />than the paper containing other printed material included in the <br />mailing. <br /> The statement must contain information relating to anticipated revenues <br />and expenditures in a form prescribed by the state auditor. The form must <br />be designed so that comparisons can be made between the current year and <br />the budget year. A note must be included that the complete budget is <br />available for public inspection at a designated location within the city. <br /> b. Annual financial statement <br />Minn. Stat. § 471.697, subd. <br />1(a). Minn. Stat. § 471.698, <br />subd. 1(c). See also Minn. <br />Stat. § 469.056, subd. 5. <br />Minn. Stat. § 469.100, subd. <br />5. <br />All cities must publish an annual financial statement. There are some <br />slightly different requirements for cities depending upon their populations. <br />There are also similar requirements for HRAs and EDAs. <br /> (1) Cities over 2,500 <br />Minn. Stat. § 471.697, subd. <br />1. Cities with populations over 2,500 must publish a financial report or a <br />summary, in the form prescribed by the state auditor, in a qualified <br />newspaper of general circulation in the city. If there is no qualified <br />newspaper, the city must post the report in three of the most public places <br />in the city. The publication or posting must occur no later than 30 days <br />after the report is due in the Office of the State Auditor.