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01-11-2007 Charter Packet
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01-11-2007 Charter Packet
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1/11/2007
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CHAPTER 7 <br />TAXATION AND FINANCES <br />Section 7.01. Council to Control Finances. The Council shall have full authority over the <br />financial affairs of the City except as limited or prohibited by the state constitution, state laws, or <br />this Charter. It shall provide for the collection of all revenues and other assets, and the auditing and <br />settlement of accounts. It shall further provide for the safekeeping and disbursements of public <br />monies by the City Treasurer. <br />Sections 7.02. Fiscal Year. The fiscal year of the City shall be the calendar year. <br />Section 7.03. System of Taxation. Subject to the state constitution, and except as forbidden <br />by it or by state law, the Council shall have full power to provide by ordinance for a system of local <br />taxation. This authority includes the power by ordinance to assess, levy, and collect taxes on all <br />subjects or objects of taxation except as limited or prohibited by the state constitution, by this <br />Charter or by state laws imposing restrictions upon the City irrespective of Charter provisions. <br />Section 7.04. Submission of Budget. <br />Subdivision 1. Annually, on or before the 15th calendar day of September of each year or as <br />specified by Minnesota Statutes 275.065, as amended, the Clerk -Administrator shall submit to the <br />Council the budget estimates for funds levying property taxes for the ensuing fiscal year and an <br />accompanying summary message in accordance with a budget calendar to be established by <br />resolution. (Amended Ord. 772, 5-22-06) <br />The total proposed operating budget to be provided from the property tax shall not exceed <br />the amounts authorized by state law and this Charter. Consistent with these provisions, the budget <br />shall contain such information and be in the form prescribed by the City Council. The final budget <br />shall provide a complete financial plan for all City funds and activities for the ensuing fiscal year <br />and except as required by state law or this Charter, shall be in such form as the Council may require. <br />It shall include a summary and show in detail all estimated income and all proposed expenditures, <br />including debt service and comparative figures for the current fiscal year, actual and estimated, and <br />the preceding year. In addition to showing proposed expenditures for current operations, it shall <br />show proposed capital expenditures to be made during the year and the proposed method of <br />financing each such capital expenditure. (Amended, Ord. 772, 5-22-06) <br />Subdivision 2. For each enterprise operated by the City, its proposed and final budgets shall <br />show income, expenditure, and anticipated net surplus or deficit with the proposed disposition <br />method. (Amended, Ord. 772, 5-22-06) <br />Subdivision 3. The Clerk -Administrator's message shall explain the budget, both in fiscal <br />terms and in terms of the work programs, linking programs to goals of the City and community <br />priorities. It shall outline the proposed financial policies and programs of the City for the ensuing <br />fiscal year and the impact of those policies and programs compared to the City's current five-year <br />plan, as adopted by the City Council. It shall describe the important features of the budget, indicate <br />City of Mounds View — Home Rule Charter - Page 12 of 21 Revision Date 1/11/07 <br />
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