Laserfiche WebLink
\,�3 <br />\1nTO: Mayor & Council <br />FROM: Finance Director -Treasurer Brager <br />DATE: September 26, 1984 <br />RE: PROCEDURE FOR ADOPTION OF LONG-TERM FINANCIAL PLAN <br />The City's 1985 Budget was adopted on September 24, 1984 less <br />Capital items of $259,354.00 and direction was given that those <br />Capital items should not be budgeted until the City's Long -Term <br />Financial Plan was adopted. Section 7.05, Sub. 1 of the Charter <br />provides that a public hearing be held on the Long -Term Financial <br />Plan and that the Plan shall be adopted by ordinance. The first <br />reading of a proposed ordinance adopting the Long -Term Financial <br />Plan could be scheduled for October 8, 1984 and the second read- <br />ing and a public hearing could be scheduled for October 22, 1984. <br />Should the Long -Term Financial Plan be adopted after the second <br />reading and public hearing on October 22, 1984 the 1985 General <br />Fund Budget could be amended to include Capital items. Staff awaits <br />Council's direction on this matter. <br />DB/ds <br />