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• impact of each service on the annual operating budget. Subdivision 4 . The Capital Improvement Plan. This plan consists of projects and facilities that are or will be needed by the City in carrying out the anticipated program of public services. It includes a list of all capital improvements proposed for the next five fiscal years, with appropriate supporting information as to the necessity for such improvements; cost estimates, method of financing and recommended time schedule for each improvement; and the estimated annual cost of operating and maintaining the facilities to be constructed or acquired. It includes a capital budget which summarizes the capital requirements of the public service plan and the capital improvement plan for the next five years and prioritizes anticipated investments in community facilities in consideration of expected revenues. Subdivision 5. A summary of the long-term financial plan must be published in the City newsletter annually. Section 7 . 06 Council Action on Budget. Subdivision 1. The Council must, by budget resolution, adopt the budget at the time required by law. The budget is the principal item of business at regular Council meetings at the time required by law and at subsequent meetings until the budget is adopted. Interested citizens must be given a reasonable opportunity to be heard. The Council may revise the proposed budget but an amendment to the budget may not increase the authorized expenditures to an amount greater than the estimated revenues. The budget resolution must show the total revenues and expenditures for, each budgeted fund and each department with such segregation as to objects and purposes of expenditures as the Council deems necessary for purpose of budget control. The Council must also adopt a resolution levying the amount of taxes necessary to provide the revenues for the budgeted expenditures in the ensuing fiscal year. The Clerk-Administrator must certify the tax resolution to the County Auditor in accordance with law. The sums fixed in the budget resolution are appropriated for the purposes identified in the budget resolution. Subdivision 2 . At the time when the tax resolution is certified to the County Auditor for the ensuing year, a summary of the total proposed City budget must be published in the City newsletter or the official newspaper. The summary must be in language and form designed to be readily understood by the taxpayers. The summary must include the amount of the total proposed budget and anticipated changes in the City's tax levy, market values of property in the City, and/or the services provided to residents and businesses. The summary must also provide appropriate supporting information as to the necessity for any increase in the total budget over the total for the current fiscal year. Failure to publish the summary will not invalidate the [95-1] 12