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Item No. 2 <br />Staff Report No. <br />Meeting Date: July 11,2000 <br />Type of Business: WK <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report <br />To: Honorable Mayor and members of the City Council <br />From: Bruce A. Kessel, Finance Director <br />Item Title/Subject: Proposed budget calendar <br />Date of Report: August 29, 2018 <br /> <br /> <br />I. Budget requirements. <br />The City’s Charter and Code, as well as State Statutes set forth various requirements for <br />considering and adopting the City’s budget. The following is a summary of those requirements: <br /> <br />City Charter: Section 7.06, Subdivision 1. ΑThe budget shall be considered at the first regular <br />monthly meeting of the Council in September and at subsequent meetings ... The Council shall <br />adopt the budget by resolution ...≅ Subdivision 2. ΑAt least two weeks before the budget is <br />adopted for the ensuring fiscal year, a summary shall be given in the City Newsletter, in draft <br />form ...≅ <br />Section 7.04. ΑThe City Clerk-Administrator shall submit to the Council the budget estimates <br />with a budget calendar to be established by resolution ...≅ <br />Section 7.05. Α... The City Council shall hold a public hearing on the long-term financial plan <br />and adopt it by ordinance ...≅ <br /> <br />State Statutes. On or before September 15, Cities need to establish a maximum levy and set the <br />dates for a public hearing on the proposed budget and levy for the subsequent year. Budget <br />hearings need to be held between November 29 And December 20. Cities can not select dates <br />until such time as the County and School District have selected theirs to insure that there are not <br />duplicate budget meetings on the same date. <br /> <br />II. Proposed budget calendar. <br />By September 15th, a preliminary budget and property tax levy will need to be approved. Since <br />September 11th is a regularly scheduled City Council meeting, it is recommended to be done at <br />this meeting. <br /> <br />Staff will need guidance to complete a preliminary budget, including such items as a range of <br />options for property tax levies, overall budget increase, salary adjustments for non-union <br />employees, etc. For 2001, the state did not impose levy limits; a 1% increase in the levy will raise <br />an additional $16,950. <br /> <br />September 4th is the Labor Day Holiday so there will not be the regularly scheduled work session <br />on that date. Council will need to determine the number and timing of work sessions relating to