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I, OF REQUEST FOR COUNCIL CONSIDERATION Agenda Section IO-7'b`2104171. <br /> STAFF REPORT Report Number: 4('p-i D2 <br /> 1 1 OUH OS Report Date: 8/8/96 <br /> • �. CITY COUNCIL MEETING DATE _ <br /> POR /� at /2// /4K0 Special Order of Bus. <br /> Consent A enda <br /> egrets-Partner 4' g <br /> X Public Hearings <br /> Council Business <br /> Item Description: Public Hearing on the Long Term Financial Plan <br /> Administrator's Review/Recommendation: <br /> -No Comments to supplement this report <br /> -Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary) <br /> Summary: <br /> Attached is a summary of the Long Term Capital Plan for the City of Mounds View. The staff has been <br /> meeting to prioritize needs and identify funding sources in an effort to achieve a plan that adequately address <br /> the needs of the City while at the same time result in a relatively stable impact on the City's tax levy. <br /> The staff has identified approximately $35,000 in reductions in 1996 requests and will continue to review the <br /> remaining requests in relationship to the proposed operating expenditures and tax levy and other financing <br /> 4 ources to ensure stable tax rates while maintaining a adequate level of service. <br /> rior to September 15th, the City has to adopt a budget calendar and preliminary tax levy for the 1997 Budget <br /> year, and prior to December 29th, adopt its final 1997 budget and tax levy. Over this time, staff will be <br /> presenting the final long term plan that will be coordinated with proposed operating budgets and funding <br /> sources for the next five. <br /> Bruce Kessel <br /> Finance Director <br /> COMMENDATION: Receive the City's Long Term Financial Plan. <br />