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r <br /> the base amount shall be increased or decreased by the factor <br /> of the cost-of-living index in the cities of Minneapolis and <br /> St. Paul for the prior year, January 1 thru December 31, or <br /> levy limits of the cities whichever is less. The expenditure <br /> amounts, as finally approved by the Commission, shall control <br /> the year ' s spending program, except that excess revenues <br /> received may be spent upon the approval of the Commission. <br /> The Commission shall not levy taxes, issue bonds or borrow <br /> money, nor shall it incur any obligations for expenditures, <br /> unless there is unencumbered cash in the treasury of the <br /> Commission. The budget may be revised as a result of the <br /> proposed withdrawal by the participating member of the <br /> Commission. Final action adopting a budget shall be taken by <br /> the Commission on or before , <br /> prior to the start of fiscal year. <br /> B. The Budget of the North Metro Recreation Program <br /> shall be substantially balanced and shall show: <br /> 1. Contributions from the City Councils and the <br /> School Board; <br /> 2 . Contributions from other public bodies. <br /> 3 . Contributions from private sources. <br /> 4 . Earnings from admissions and other charges <br /> made for the use of facilities. <br /> 5 . Miscellaneous revenues. <br /> Estimated expenditures divided as follows: <br /> 1 . Payroll; <br /> Page 12 <br />