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City of Mounds View Staff Report <br /> May 1, 1997 <br /> Page 2 <br /> • then by all the City's Department Heads, after which time a proposed budget and long term <br /> financial plan would be presented to the City Council. By September 15th, a preliminary budget <br /> and property tax levy will need to be approved. Additional staff and Council review can take <br /> place up to the date of the truth in taxation hearing in early December. The final budget and levy <br /> needs to be adopted by mid-December. <br /> The following is a proposed budget calendar. As we progress in the budget review process, <br /> additional dates can be added as needed. • <br /> Proposed budget calendar <br /> May 5 City Council provides general guidelines for 1998 budget. <br /> May 12 City Council adopts resolution establishing a budget calendar. <br /> No later than June 16 Departments submit proposed 1998 budget& LTFP to Finance. <br /> June 16 - July 11 Finance Dept and City Administrator review budgets &LTFP. <br /> July 14 - August 1 Dept heads review budgets &LTFP. <br /> August 4 - Sept 5 Council review of budget and LTFP: <br /> August 4th work session <br /> August 11th 4:30 to 6:30 p.m. <br /> August 18th special work session <br /> September 2 work session <br /> • September 8 Council adopts preliminary budget and maximum levy. <br /> Sept 8 - Oct 3 Additional meetings as needed. <br /> October 17 City distributes budget newsletter. <br /> October 27 Council holds informational meeting on the 1997 budget& LTFP. <br /> November 29 to Truth in taxation hearing and adoption of 1998 budget, tax levy <br /> December 20 and LTFP (dates dependent upon County & School District <br /> selected dates). <br /> • <br />