Laserfiche WebLink
and comparative figures for the current fiscal year, actual and <br /> estimated, and the preceding year. It must also show proposed <br /> capital expenditures for the year and their proposed method of <br /> financing. The total proposed operating budget to be provided from <br /> the property tax shall not exceed amounts authorized by law or this <br /> Charter. <br /> Section 7 .05 Long-Term Financial Plan. <br /> Subdivision 1. The City Council must annually prepare a <br /> continuing five-year financial plan. The City Council must hold a <br /> public hearing on the long-term financial plan and adopt it by <br /> ordinance with or without amendment. The financial plan consists <br /> of three elements as specified in subdivisions 2, 3 and 4 which <br /> follow. <br /> Subdivision 2 . A Long-Term Revenue Plan. This plan consists <br /> of a tentative revenue policy which describes long-term plans for <br /> financing public services and capital improvements . <br /> Subdivision 3 . The Public Service Plan. This plan is a <br /> continuing five-year plan for all public services, estimating <br /> future needs for the public health, safety and welfare of the City. <br /> It measures the objectives and needs for each City department, <br /> indicates expected outcomes of services provided, and indicates the <br /> impact of each service on the annual operating budget. <br /> ( 94-2 ) 22 <br />