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2021 BUDGET CALENDAR <br />July 7, 2020: Council work session to review initial overall Property Tax <br />Levy estimates and General Fund Budget <br />August 25, 2020 (tonight’s meeting): Presentation of Proposed 2021 <br />Budget & Property Tax Levy to the City Council <br />September 8, 2020: Public Hearing to pass resolution setting the <br />Preliminary 2021 Budget and Property Tax Levy <br />December 8, 2020: Public Hearing for Presentation of Final 2021 Operating <br />Budget and Levy with Public Input. Adoption of the Final 2021 <br />Operating Budget and Property Tax <br />2021 BUDGET PARAMETERS <br />•City revenues budgeted using current run rates for sources that are <br />subject to trends and conservative baseline estimates for re-occurring aids <br />and charges for services <br />•Expenses budgeted at amounts that will maintain present level of City <br />services <br />•Liquor transfers are based on operating results <br />24