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Mounds View Charter Commission Date: June 30, 2004 Charter Updates; Category 2 Items; Chapter 7 Revision—Draft 7 Pagel of 7 Objectives: 1) in 7.04 update language to reference Minnesota statute requirements and incorporate recommendations of League of Minnesota Cities (LMG) "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 website. 3) in 7.06.01 Change September requirement for public hearing to be a simple reference requiring compliance with the Minnesota Statute pertaining to Truth in Taxation for timing but retain the requirement to hold a public meeting even if State Statute 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 7.06.02 Change to "two week"time line to be something more easily complied with and in compliance with Minnesota Statute. Add usage of City's website for publishing purposes. 5) in 7.06.03 Incorporate recommendation from LMG 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 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 Statute reference as originally prescribed by charter. and update for City website notification. 9) in 7.12.02 incorporate LMG recommendation for emergency debt limits and Delete Subdivision 2 which is redundant. 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 15t'calendar day of September of each year or as specified by MN statute 275.065, as amended the Clerk-Administrator shall submit to the Council the budget estimates for funds leyying property taxes for the ensuing fiscal year and an accompanying summary message 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