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2018 Annual Report • Finance Department • St. Anthony Village, Minnesota <br /> <br /> <br /> <br />13 <br /> <br />ANNUAL FISCAL YEAR BUDGETS <br />Minnesota cities establish annual budgets for a fiscal year that coincide with the calendar year. <br />The City of St. Anthony Village’s budget process kicks off in connection with the City’s annual <br />goal setting session in January. Public meetings and staff meetings occur in late spring, when <br />each department develops and submits requests for the next year’s operating budget and the <br />Capital Improvement Program (CIP). The City Council discusses the requested budgets and <br />certifies its preliminary levy during specified Council workshops in the third quarter of the year. <br />During the last quarter of the year the preliminary levy and overall levy continues to be vetted by <br />staff and council. Public input again is sought prior to finalizing the budget and levy in late <br />December. <br /> <br />See process workflow below: <br />January - February - March April - May - June July - August - September October-November-December <br /> FINANCIAL <br />MANAGEMENT AND <br />GOAL SETTING <br /> FINANCIAL PLANNING <br />WORK SESSION <br /> <br /> WORK SESSION <br /> PUBLIC HEARING TO <br />PROVIDE RESIDENTS <br />WITH AN <br />OPPORTUNITY TO <br />HAVE INPUT ON THE <br />BUDGET PROCESS <br /> WORK SESSION WITH <br />DEPARTMENT HEADS. <br />DUSCUSSION ON <br />OPERATING BUDGET & <br />EVALUATE 5-YEAR <br />CAPITAL EQUIPMENT <br />NEEDS. <br /> CITY MANAGER & STAFF <br />MEETINGS TO <br />DISCUSS/DRAFT <br />BUDGET <br /> <br /> DEPARTMENT HEADS, <br />COUNCIL, AND STAFF TO <br />REVIEW KEY FINANCIAL <br />PLAN AND THE <br />PROPOSED GENERAL <br />OPERATING BUDGET; <br />DISCUSSION ON CAPITAL <br />EQUIPMENT BUDGETS <br /> PRESENTATION OF THE <br />PROPOSED OPERATING <br />BUDGET & PROPERTY <br />TAX LEVY TO THE CITY <br />COUNCIL <br /> SETTING THE PROPOSED <br />OPERATING BUDGET AND <br />PRELIMINARY TAX LEVY <br /> ANNOUNCE THE DATE <br />AND TIME AT WHICH THE <br />FINAL BUDGET AND TAX <br />LEVY WILL BE DISCUSSED <br /> REVIEW AND CONFIRM <br />BUDGET PARAMATERS AND <br />ESTIMATES <br /> PUBLIC HEARING FOR THE <br />ADOPTION OF THE FINAL <br />OPERATING BUDGET AND <br />PROPERTY TAX LEVY <br /> <br />