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City of Lino Lakes <br />2007 Budget Preparation Calendar <br />• June 20 — Budget worksheets and calendars distributed to Directors. <br />• July 20 — Departmental budget requests are prepared and submitted. <br />• July 24 — City Council provides direction on budget parameters. <br />• July 20- August 14 — Administrator and Finance Director review <br />requests with Directors and develop proposed 2007 Budget. <br />Proposed budget distributed to City Council. <br />• August 21 — Budget work session - City Council reviews proposed <br />2007 Budget. <br />• September 6 — Follow -up City Council budget work session. <br />• September 11 — City Council approves proposed 2007 Budget and <br />Tax Levy and sets Truth in Taxation hearing dates. <br />• By September 15 - Proposed Budget, Tax Levy and Truth in <br />Taxation hearing dates are certified to Anoka County Auditor. <br />• Mid - November— County mails Truth in Taxation notices to <br />taxpayers. <br />• December 11 — City Council holds Truth in Taxation Hearing. <br />• December 18 — City Council holds Continuation Hearing, if <br />necessary. City Council adopts final 2007 Budget and Tax Levy at <br />Subsequent Hearing. <br />• By December 28 — City certifies final 2007 Budget and Tax Levy to <br />Anoka County Auditor. <br />Page 2 <br />