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Subdivision 2. For each trtil+t~enterprise operated by the City, its proposed and final <br />budgets shall show income, expenditure, and anticipated net surplus or deficit a~-with the <br />proposed disposition method_ ; <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 <br />ensuing fiscal year and the impact of those policies and programs compared to the City's <br />current five-year plan, as adopted by the City Council. It shall describe the important features <br />of the budget, indicate any major changes in financial policies expenditures and revenues <br />together with the reasons for such changes. It shall summarize the City's debt position for <br />each fund, including factors affecting the ability to raise resources through debt issues and <br />include such other material as the Clerk-Administrator deems desirable or as requested by the <br />City Council <br />Subdivision 4. Budget Planning Guideline <br />The purpose of this section is to provide the public with a general time table for <br />the annual budget process. The dates are guidelines and subject to change by the City <br />Council and MN Statute 275.065. as amended. <br />Activity Estimated Time Period <br />• Five-Year Plan: Development Jan. 1 to May 1 <br />Five-Year Plan: Public Review Mav 1 to Mav 20 <br />Five-Year Plan: Council Approval Mav 20 to June 1 <br />Annual Budget Calendar: Adopted by Council June 1 <br />Five-Year Plan: Published to Public June 1 to Aug. 1 <br />Annual Budget: Public Input to Department June 1 to Sept 1 <br />Annual Budget: Clerk-Administrator Develops <br />Summary and Estimate Proposal for Council Aug. 1 to Sept. 15 <br />Annual Budget: Estimates Submitted to Council Sept. 15 <br />Annual Budget: Proposal and Tax Levy Estimates <br />Council Adoption Sept. 15 <br />Annual Budget: Council Review and Amend Sept. 15 to Nov 23 <br />Annual Budget and Tax Levy: Proposal <br />Published to Public Sept. 15 to Dec. 1 <br />Annual Budget and Tax Levy: Public Review Sept. 15 to Dec. 20 <br />Annual Budget: Public Hearing Advertised Nov. <br />Annual Budget and Tax Levy: Initial Public Hearing Nov. 29 to Dec. 20 <br />Annual Budget and Tax Levy: Council Adoption Dec. 5 to Dec. 20 <br />Annual Budget and Tax Levy: Final Council <br />Budget Summary Published to Public Dec. 20 to Feb. 1 <br />U <br />