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Mounds View Charter Commission Date: June 4, 2004 Charter Updates; Category 2 Items; Chapter 7 . Revision—Draft 6 Page8 of 13 subsequent meetings until a budget is adopted for the ensuing year. The budget calendar will provide a 30 day period for public review and input to the annual budget prior to Council final approval. The meetings shall be so conducted as to give interested citizens a reasonable opportunity to be heard. The Council may revise the proposed budget but no amendment to the budget shall increase the authorized expenditures to an amount greater than the estimated total of income and reserves. The Council shall adopt the budget by a resolution that shall set forth the total for each budgeted fund and each department with such segregation as to the source of revenues (taxes. special assessments, licenses &permits,intergovernmental, charges for services, fines & forfeits, investment earnings,miscellaneous,transfers, and sale of debt) and character of expenditures (wages &benefits, supplies, contractual services, capital outlay, debt service, depreciation, and • transfers) as the Council deems necessary for consideration of the budget. The Council shall also adopt a resolution levying the amount of taxes provided in the budget, and the Clerk-Administrator shall certify the tax resolution to the County Auditor in accordance with state law. Adoption of the budget resolution shall constitute appropriations at the beginning of the fiscal year of the sums fixed in the resolution of the several purposes named. Subdivision 2. Before the budget is adopted for the ensuing fiscal year, a summary shall be given in the Git official City newspaper,the City newsletter and, if available, erthe-City website, in draft form, of the budget • - - :• •-- - S City of Mounds View