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City of Lino Lakes <br />Budget Preparation Calendar <br />• February - May - City Council establishes <br />budget priorities and objectives at Goal <br />Setting work session <br />• June /July - Departmental budgets are <br />prepared <br />• August 18 - Council reviews proposed budget <br />• September 8 - Council approves preliminary <br />Tax Levy and Budget & sets public hearing <br />date <br />• September 15 - Preliminary Tax Levy, Budget <br />& public hearing dates certified to County <br />Auditor <br />City of Lino Lakes <br />Budget Preparation Calendar <br />• Mid-November - County mails notice of <br />proposed property tax <br />• December 8 - Council holds Truth in Taxation <br />hearing on proposed 2009 Budget and Tax <br />Levy <br />• December 15 - Council adopts final 2009 <br />Budget and Tax Levy <br />• By December 29 - City certifies final 2009 Tax <br />Levy and Budget to County Auditor <br />City of Lino Lakes <br />Major Factors in 2009 <br />City of Lino Lakes budget includes: <br />— Adjustments in Revenue and Expenditures to lower <br />preliminary budget at adoption <br />— Funding for achieving City Council goals <br />— Amounts for capital needs - capital equipment, office <br />equipment, computers, etc. <br />— Continuation of 2008 amount for street maintenance <br />— Resources for Storm Drainage maintenance projects <br />— Contingency for unknowns <br />— Personnel cost adjustments <br />