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Mounds View Charter Commission Date: April 2, , 2004 <br /> Charter Updates; Category 2 Items; Chapter 7 <br /> Revision—Draft 4 Page3 of 9 <br /> • yearin financialpolicies, expenditures,and revenues <br /> changes from the current p <br /> together with the reasons for such changes, • : '••••, • ; - • :• . -•', : • -• • ' •• <br /> • • - • • • •• •; • • • _ . It shall Ssummarize the city's debt <br /> position, including factors affecting the ability to raise resources through debpt <br /> issues, and include such other material as the Clerk-Administrator deems desirable <br /> or requested by the Council. <br /> Section 7.05 Long Term Financial Plan. (no changes) <br /> Subdivision 1. The City Council shall have prepared a long-term financial plan <br /> commencing in the calendar year 1980. The City Council shall hold a public hearing on the <br /> long-term financial plan and adopt it by ordinance with or without amendment by June 1 of <br /> • each year. The financial plan shall consist of four elements as specified in subdivisions 2-5 <br /> which follow: <br /> Subdivision 2. The Public Service Program. The program shall be a continuing <br /> five-year plan for all public services, estimating future needs for the public health,safety and <br /> welfare of the City. It shall measure the objectives and needs for each City department, the <br /> standard of services desired, and the impact of each such service on the annual operating <br /> budget. <br /> Subdivision 3. The Capital Improvement Plan. This program shall consist of <br /> projects and facilities that are or will be needed by the City in carrying out the anticipated <br /> 110 <br /> City of Mounds View <br />