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Item No. 4 Staff Report No. Meeting Date: April 2,2001 Type of Business: WK WK: Work Session; PH: Public Hearing; CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report To: Honorable Mayor and members of the City Council From: Bruce A. Kessel, Finance Director Item Title/Subject: Proposed budget calendar Date of Report: August 29, 2018 I. Budget requirements. The City’s Charter and Code, as well as State Statutes set forth various requirements for considering and adopting the City’s budget. The following is a summary of those requirements: City Charter: Section 7.06, Subdivision 1. ΑThe budget shall be considered at the first regular monthly meeting of the Council in September and at subsequent meetings ... The Council shall adopt the budget by resolution ...≅ Subdivision 2. ΑAt least two weeks before the budget is adopted for the ensuring fiscal year, a summary shall be given in the City Newsletter, in draft form ...≅ Section 7.04. ΑThe City Clerk-Administrator shall submit to the Council the budget estimates with a budget calendar to be established by resolution ...≅ Section 7.05. Α... The City Council shall hold a public hearing on the long-term financial plan and adopt it by ordinance ...≅ State Statutes. On or before September 15, Cities need to establish a maximum levy and set the dates for a public hearing on the proposed budget and levy for the subsequent year. Budget hearings need to be held between November 29 And December 20. Cities can not select dates until such time as the County and School District have selected theirs to insure that there are not duplicate budget meetings on the same date. II. Proposed budget calendar. By September 15th, a preliminary budget and property tax levy will need to be approved. Since September 10th is a regularly scheduled City Council meeting, it is recommended to be done at this meeting. Staff will need guidance to complete a preliminary budget, including such items as a range of options for property tax levies, overall budget increase, salary adjustments for non-union employees, etc. For 2002, the state has not yet imposed levy limits; a 1% increase in the levy will raise an additional $20,980. Salary increases granted to employees covered by collective bargaining agreement is 4% for 2002. It is anticipated that medical insurance rates will increase 10 to 20%; rates for the May 2001 thru April 2002 will be known within the next several weeks.