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City Council Regular Meeting Minutes February 9, 2021 Page 2 Mayor Stille opened the public hearing at 7:08 p.m. 4 Finance Director Shelly Rueckert provided an overview of the 2022 Budget Process and the 5 Budget Calendar. The annual goal setting session begins the Budget Process and it was held 6 January 13-15, 2021. This evening's public hearing is an opportunity for residents to provide 7 input in the 2022 Budget Process along with longer term insights to be included in future budget 8 deliberations. During February — April 2021, City Council work sessions with City Manager, 9 Finance Director and City Engineer discussions will include 2022 debt levy and Updated Street 10 and Utility Improvements Plan. Once the year-to-year costs are updated, the level of bonding is 11 determined, to be required to support the costs. Impacts to the levy are also discussed. 12 13 During April — May 2021 Staff Meetings are held with City Department Heads including 14 discussion on 2022 Operating Budget and Capital Budgets using City's Budget Parameters. City 15 revenues budgeted using current run rates for sources that are subject to trends and conservative 16 baseline estimates for re -occurring aids and charges for services are reviewed, as well as 17 expenses budgeted at amounts that will maintain present level of City services and liquor 18 transfers are based on operating results. 19 20 In June — August 2021 further work sessions are held with the City Council to discuss Staff 21 proposals for 2022 Operating and Capital Budgets. 22 23 Ms. Rueckert continued reviewing the 2022 Budget Calendar. On August 24, 2021, a 24 presentation of the Proposed 2022 Operating Budget & Property Tax Levy will be made to the 25 City Council. On September 14, 2021, a resolution will be proposed for approval setting the 26 proposed 2022 Operating Budget and Property Tax Levy. At that meeting, the date and time will 27 be announced for the final Budget and Tax Levy discussion. 28 29 October — November 2021, the Long -Term Capital Budgets/Plans will be presented. On 30 December 14, 2021, there will be a presentation of 2022 Operating Budget and Levy with Public 31 Input, as well as, adoption of the 2022 Operating Budget and Property Tax. 32 33 Ms. Rueckert presented a background graph showing 2021 General Fund Revenues. 34 35 Tax Levy 63% 36 Licenses 1% 37 Permits 3% 38 Inter -government Revenue 13% 39 Charges for Services 13% 40 Fines 1% 41 Reimbursable Revenue 3% 42 Transfers 3% 43 44 The general fund is the main operating fund. 45 46 A graph showing the 2021 General Fund Expenditures was provided.