09-07-1994 WS - Laserfiche WebLink

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_raif _:... REQUEST FOR COUNCIL CONSIDERATION Agenda Sec-mon: 12. S'I'_ F+ REPORT .,-. Report Number: 94-1291WS AGENDA SESSION DATE September 7, 1994 Report Date: -11-q4 DLSPOSITION i:err. Description: Update oil, Proposed 1995 General Fund and Enterprise Fund Budgets — Administrator's Review/Recommendation: - No comments to supplement this report L - Cor" erts attached. :.:ip ianatron Summar^.' attach supplement sheeti-as-tStrCe33ary.) cT'tirvMAR State law provides that no later than-September 15, 1994 the City must certify to the county auditor: • The dates it has selected for its public hearing and for the continuation of its hearing, if necessary. The date for the hearing or the continuation hearing must be between November 29 and December 20, 1994, and must not conflict with the hearing dates of the County, School District, and Metropolitan Special Taxing Districts. • A proposed budget and proposed property tax levy for 1995. •The attached calendar lists the dates selected by the County, School District, and Metropolitan Special Taxing Districts. In selecting a hearing date and a continuation date, if needed, two other requirements should be kept in mind: • The continuation hearing date selected must be at least five business days after the initial hearing date but no more than fourteen days after the initial hearing. • The budget and property tax levy must be adopted at a public hearing subsequent to the initial budget hearing, or subsequent to the date of the continuation hearing, if one is held. The subsequent hearing must be held at least one business day after the initial hearing, or the continuation hearing, if one is held, but no later than December 28, 1994. The following dates are proposed for the budget hearing, continuation hearing, if needed, and the subsequent hearing to adopt the 1995 Budget and Property Tax Levy: • • Initial budget hearing, Wednesday November 30, 1994. Continuation hearing, if needed, • Wednesday December 7, 1994. • Hearing to adopt budget and property tax levy, Wednesday December 7, 1994, if continuation of budget hearing not needed; Wednesday December 14, 1994, if continuation of November 30, 1994 budget hearing is held on December 7, 1994. The second decision to be made is to certify a proposed 1995 Budget and 1995 Property Tax Levy to the County Auditor. After the July 18, 1994 Budget Work Session a balanced budget was agreed upon. This was achieved by the following actions: