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14 <br /> <br /> Subdivision 2. For each enterprise operated by the City, its proposed and final budgets <br />shall show income, expenditure, and anticipated net surplus or deficit with the proposed disposition <br />method. <br /> <br /> Subdivision 3. The Clerk-Administrator's message shall explain the budget, both in fiscal <br />terms and in terms of the work programs, linking programs to goals of the City and community <br />priorities. It shall outline the proposed financial policies and programs of the City for the <br />ensuing fiscal year and the impact of those policies and programs compared to the City's current <br />five-year plan, as adopted by the City Council. It shall describe the important features of the <br />budget, indicate any major changes in financial policies, expenditures, and revenues together <br />with the reasons for such changes. It shall summarize the City's debt position for each fund, <br />including factors affecting the ability to raise resources through debt issues, and include such <br />other material as the Clerk-Administrator deems desirable or as requested by the City Council <br /> <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 <br />subject to change by the City Council and MN Statute 275.065, as amended. <br /> <br />Activity Estimated Time Period <br />Five-Year Plan: Development Jan. 1 to May 1 <br /> <br />Five-Year Plan: Public Review May 1 to May 20 <br /> <br />Five-Year Plan: Council Approval May 20 to June 1 <br /> <br />Annual Budget Calendar: Adopted by Council June 1 <br /> <br />Five-Year Plan: Published to Public June 1 to Aug. 1 <br /> <br />Annual Budget: Public Input to Department June 1 to Sept 1 <br /> <br />Annual Budget: Clerk-Administrator Develops <br />Summary and Estimate Proposal for Council Aug. 1 to Sept. 15 <br /> <br />Annual Budget: Estimates Submitted to Council Sept. 15 <br /> <br />Annual Budget: Proposal and Tax Levy Estimates <br /> Council Adoption Sept. 15 <br /> <br />Annual Budget: Council Review and Amend Sept. 15 to Nov 23 <br /> <br />Annual Budget and Tax Levy: Proposal <br />Published to Public Sept. 15 to Dec. 1 <br /> <br />Annual Budget and Tax Levy: Public Review Sept. 15 to Dec. 20 <br /> <br />Annual Budget: Public Hearing Advertised Nov. <br /> <br />Annual Budget and Tax Levy: Initial Public Hearing Nov. 29 to Dec. 20 <br />