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plan, as adopted by the City Council. It shall describe the important features of the budget, indicate <br />any major changes in financial policies, expenditures, and revenues together with the reasons for <br />such changes. It shall summarize the City's debt position for each fund, including factors affecting <br />the ability to raise resources through debt issues, and include such other material as the City <br />Administrator deems desirable or as requested by the City Council <br />Subdivision 4. Budget Planning Guideline. The purpose of this section is to provide the <br />public with a general time table for the annual budget process. The dates are guidelines and subject <br />to change by the City Council and MN Statute 275.065, as amended. <br />Activity Estimated Time Period <br />Five -Year Plan: Development Jan. 1 to May 1 <br />Five -Year Plan: Public Review May 1 to May 20 <br />Five -Year Plan: Council Approval May 20 to June 1 <br />Annual Budget Calendar: Adopted by Council June 1 <br />Five -Year Plan: Published to Public June 1 to Aug. 1 <br />Annual Budget: Public Input to Department June 1 to Sept 1 <br />Annual Budget: City Administrator Develops <br />Summary and Estimate Proposal for Council <br />Aug. 1 to Sept. 15 <br />Annual Budget: Estimates Submitted to Council Sept. 15 <br />Annual Budget: Proposal and Tax Levy Estimates <br />Council Adoption <br />Sept. 15 <br />Annual Budget: Council Review and Amend Sept. 15 to Nov 23 <br />Annual Budget and Tax Levy: Proposal <br />Published to Public Sept. 15 to Dec. 1 <br />Annual Budget and Tax Levy: Public Review Sept. 15 to Dec. 20 <br />Annual Budget: Public Hearing Advertised Nov. <br />Annual Budget and Tax Levy: Initial Public Hearing Nov. 29 to Dec. 20 <br />Annual Budget and Tax Levy: Council Adoption Dec. 5 to Dec. 20 <br />Annual Budget and Tax Levy: Final Council <br />Budget Summary Published to Public Dec. 20 to Feb. 1 <br />17 <br />