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City of Mounds View Staff Report <br />August 29, 2018 <br />Page 2 <br />arriving at a preliminary budget prior to a September 11th through 15th adoption. <br /> <br />After the preliminary budget and levy is adopted, Council and staff can have additional meetings <br />to discuss the 2001 budget. Historically, the City has conducted a public hearing on the budget <br />prior to the required truth in taxation meeting. If the City continues with this tradition, it should <br />be conducted at least two weeks prior to the required Truth in Taxation hearing. There is an <br />election this year on November 8th, so staff would not recommend holding such a hearing on <br />November 7th. The two remaining options would then be November 13th or 20th. The City has <br />also historically included a condensed budget summary in Mounds View Matters prior this <br />meeting. Due to the time required to prepare the information, send it to a printer, have the <br />information printed and distributed, and allow residents at least several days to review prior to <br />the meeting, the budget should be finalized for the public hearing by October 16th. <br /> <br />The required Truth In Taxation hearing has to be held between November 29th and December <br />20th. School Districts and the County has priority for setting the dates for their meetings, so there <br />are several dates that are not available. Preliminary information indicates that we could hold our <br />hearing on either December 4th or 11th. If the 4th was selected, we could then select a continuation <br />hearing (if needed), and adoption hearing at the Council meeting on the 11th, otherwise, a special <br />Council meeting would need to be held to adopt the budget and levy. <br /> <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 /> <br />Proposed budget calendar <br />July ? City Council provides general guidelines for 2001 budget. <br />? City Council adopts resolution establishing a budget calendar. <br />? Departments submit proposed 2001 budget & LTFP to Finance. <br />? Staff review budgets & LTFP. <br />? Dept heads review budgets & LTFP. <br />? Council review of budget and LTFP: <br /> <br />September 11 Council adopts preliminary budget and maximum levy. <br />Sept 18 - Oct 16 Additional meetings as needed. <br />November 4 City distributes budget newsletter. <br />November 13 Council holds informational meeting on the 2001 budget & LTFP. <br />December 4 Truth in taxation hearing <br />December 11 Continuation hearing and adoption of 2001 budget, tax levy <br /> and LTFP