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Mounds View Charter Commission Date: February 10, 2004 011 Charter Updates; Category 2 Items; Chapter 7 Revision—FINAL Pagel of 7 Objectives: 1) In 7.04 update language to reference Minnesota Statutes requirements and incorporate recommendations of League of Minnesota Cities (LMC) "Model Charter". Section should additionally address inputs from Charlie Hansen, Finance Director, City of Mounds View and provide calendar or time line for the City's tax and budget process which can be understood by the public. 2) In 7.05 update publication methods to include City's web site. 3) In 7.06. subd. 01 Change September requirement for public hearing to be a simple reference requiring compliance with the Minnesota Statutes pertaining to Truth in Taxation for timing but retain the requirement to hold a public meeting even if Minnesota Statutes would not require it. Also remove the word"monthly" as it is not consistent with other references to "regular council meetings."Address ambiguity of "object level" etc. per Charlie Hansen's Memo of November 13, 2002 4) In 7.06. subd. 02 Change to "two week"time line to be something more easily complied with and in compliance with Minnesota Statutes. Add usage of City's web site for publishing purposes. 5) In 7.06. subd. 03 incorporate recommendation from LMC to have a fall back budget in cases of delay in approval of budget by new fiscal year starting. 6) In 7.07 incorporate the management method and procedures of the Mounds View Purchasing Manual for accountability of managing department budget expenditures 410 7) In 7.08 clarify that Section 7.12 does not conflict with budget alterations and who may approve alterations at which budget levels. 8) In 7.10 incorporate the Minnesota Statutes reference as originally prescribed by charter. and update for City web site notification. 9) In 7.12. subd. 02 incorporate LMC recommendation for emergency debt limits and Delete redundant Subdivision 2. CHAPTER 7 TAXATION AND FINANCES Section 7.01 Council to Control Finances. (no changes) Section 7.02 Fiscal Year. (no changes) Section 7.03 System of Taxation. (no changes) Section 7.04. Submission of Budget. Subdivision 1. Annually, on or before the 15th calendar da of S-•tember •f e.ch year or as specified by MN Statute 275.065, as amended, the Clerk-Administrator shall submit to the Council the budget estimates for funds levying property taxes for the ens in. fis al ear .nd an ,ccom,an in Summar me sa a in accordance with a budget calendar to be established by resolution. The final budget shall provide a complete financial plan for all City funds and activities for the ensuing fiscal year and except as required by state law or this Charter, shall be in such form as the Council may require.It shall include a summary and show in detail all estimated income and all proposed expenditures, including debt service and City of Mounds View