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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: Presentation of Proposed 2021 Budget & Property Tax <br />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 2021 Operating <br />Budget and Levy with Public Input. Adoption of the 2021 Operating <br />Budget and Property Tax <br />2021 BUDGET PARAMETERS <br />•Budgeted City revenues are determined by: <br />•Using current run rates for revenue sources subjected to trends <br />•Conservative baseline estimates are used for re-occurring aids and charges for services <br />•Expenses budgeted at amounts that will maintain present level of <br />City services <br />•Liquor transfers are based on current operating results <br />42