07-11-1979 - Laserfiche WebLink

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In addition to showing proposed expenditures for current operations, it shall show 411 proposed capital expenditures to be made during the year and the proposed method of financing each such capital expenditure. For each utility operated by the city, the budget shall show anticipated net surplus or deficit and the proposed method of its disposition; and subsidiary budgets for each such utility giving income and expenditure information shall be included or attached as appendices. The total proposed operating budget to be provided from the property tax shall not exceed the amounts authorized by state law and this Charter. Consistent with these pro- visions, the budget shall contain such information and be in the form prescribed by ordinance and by state law. Subd. 2. At least two weeks before the budget is adopted for the ensuing fiscal year, and not later than September 15, the council shall cause to be mailed to residents of the city a summary, in draft form, of the financial plan. Such summary shall be set forth in language designed to be readily understood by the layman, and in addition to the information listed in subdivision 1, shall provide appropriate supporting information as to the necessity for any increase in the budget over the total for the current fiscal year. Sec. 7.05. Long-term Financial Plan. Subdivision 1. The planning commission, if such there be, shall prepare and submit to the council a recommended long-term financial plan no later than June 1 of each year, commencing with the calendar year 1980. The council shall hold a public hearing on the long-term financial plan and adopt it by ordinance with or without amendment no later than August 15. The financial plan shall consist of four elements as specified in subdivisions 2 - 5 which follow. Subd. 2. The Public Services Program. The program shall be a five-year plan for all public services, estimating future needs for recreation, fire protection, police protection, and so on. -2-