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Mounds View Charter Commission Date: August 05, 2004 Charter Updates; Category 2 Items; Chapter 7 iRevision—Draft 8 Page2 of 7 detail all estimated income and all proposed expenditures,including debt service and comparative figures for the current fiscal year,actual and estimated,and the preceding year. In addition to showing proposed expenditures for current operations,it shall show proposed capital expenditures to be made during the year and the proposed method of financing each such capital expenditure. 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 provisions,the budget shall contain such information and be in the form prescribed by ordinance and by state law. the City Council. Subdivision 2. For each uityenterprise operated by the City,its proposed and final budgets shall show income and expenditure information, anticipated net surplus or deficit and the proposed method of its disposition,; and subsidiary budgets for each such appendices. Subdivision 3. The Clerk-Administrator's message shall explain the budget both in fiscal terms and in teens of the work programs, linking those programs to goals of the City and community priorities. It shall outline the proposed financial policies and programs of the City for the ensuing fiscal year and the impact of those policies and programs compared to the City's current five year plan, as adopted by the City Council. by June 1. It shall describe the important features of the budget. indicate any major • changes from the current year in financial policies, expenditures. and revenues together with the reasons for such changes. It shall summarize the City's debt position for each fund. including factors affecting the ability to raise resources through debt issues, and include such other material as the Clerk-Administrator deems desirable or as requested by the City Council • City of Mounds View