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Mounds View Charter Commission Date: June 4, 2004 <br /> Charter Updates; Category 2 Items; Chapter 7 <br /> • Revision—Draft 6 Page2 of 13 <br /> detail all estimated income and all proposed expenditures, including debt service and <br /> comparative figures for the current fiscal year, actual and estimated, and the preceding <br /> year. In addition to showing proposed expenditures for current operations, it shall show <br /> proposed capital expenditures to be made during the year and the proposed method of <br /> financing each such capital expenditure. The total proposed operating budget to be <br /> provided from the property tax shall not exceed the amounts authorized by state law and <br /> this Charter. Consistent with these provisions, the budget shall contain such information <br /> and be in the form prescribed by the City Council. <br /> Subdivision 2. For each enterprise operated by the City, its budget shall show <br /> income and expenditure information anticipated net surplus or deficit and the proposed <br /> • <br /> method of its disposition,and giving income and expenditure information. <br /> Subdivision 3. The Clerk-Administrator's message shall explain the budget both <br /> in fiscal terms and in terms of the work programs, linking those programs to organization <br /> goals of the City and community priorities. It shall outline the proposed financial <br /> policies and programs of the eCity for the ensuing fiscal year and the impact of those <br /> policies and programs compared to the eCity's current five year plan, as adopted by the <br /> City Council by June 1. It shall describe the important features of the budget, indicate <br /> any major changes from the current year in financial policies, expenditures, and revenues <br /> together with the reasons for such changes. It shall summarize the eCity's debt position, <br /> • <br /> City of Mounds View <br />