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City Council Regular Meeting Minutes <br />February 11, 2025 <br />Page 2 <br /> <br />A. 2026 Budget and 2026 Budget Calendar Process 1 <br /> 2 <br />Finance Director Maloney reviewed a PowerPoint for the 2026 Budget. The public hearing 3 <br />provides residents with an opportunity to have input in the 2026 budget process. Ms. Maloney 4 <br />continued the review of the 2026 Budget Calendar including: 5 <br />• January 15-17, 2025 – Goal Setting Financial Management and Planning. 6 <br />• February 11, 2025 – Public Hearing/Provide Residents with an opportunity to have input 7 <br />in the 2026 Budget Process. 8 <br />• February – April 2025 – City Council work sessions with City Manager, Finance Director 9 <br />and City Engineer – Discussions on 2026 Debt levy and Updated Street and Utility 10 <br />Improvements Plan. 11 <br />• April – May 2025 – Staff Meetings with Department Heads – Discussion on 2026 12 <br />Operating Budget and Capital Budgets – using City’s Budget Parameters. City revenues 13 <br />budgeted using current run rates for sources that are subject to trends and conservative 14 <br />baseline estimates for re-occurring aid and charges for services. Expenses budgeted at 15 <br />amounts that will maintain the present level of City services. Liquor transfers are based 16 <br />on operating results. 17 <br />• June – August 2025 – Further work sessions with Council – Discussing Staff Proposals 18 <br />for 2026 Operating and Capital Budgets. 19 <br />• August 26, 2025 – Presentation of the Proposed 2026 Operating Budget & Property Tax 20 <br />Levy to the City Council. 21 <br />• September 9, 2025 – Resolution passed – Setting the proposed 2026 Operating Budget 22 <br />and Property Tax Levy. Announce the date and time at which the final Budget and Tax 23 <br />Levy will be discussed. 24 <br />• October – November 2025 – Presentation of long-term capital budgets/plans. 25 <br />• December 9, 2025 – Presentation of 2026 Operating Budget and Levy with Public Input. 26 <br />Adoption of the 2026 Operating Budget and Property. 27 <br /> 28 <br />Charts showing the 2025 General Fund Revenues, General Fund Expenditures, Overall Levy by 29 <br />Fund Type, and 2025 General Fund and Overall Levies were provided. 30 <br /> 31 <br />Mayor Webster opened the public hearing at 7:09 p.m. 32 <br /> 33 <br />No one appeared to address the Council. 34 <br /> 35 <br />Mayor Webster closed the public hearing at 7:10 p.m. 36 <br /> 37 <br />Councilmember Elnagdy asked about the 49% expenditures for police with 44% with costs offset 38 <br />by Lauderdale. She asked if Falcon Heights will be additional. Ms. Maloney stated the Falcon 39 <br />Heights costs will be offset by the revenue. 40 <br /> 41 <br />Councilmember Jenson thanked Ms. Maloney for putting together the framework for the budget 42 <br />calendar. 43 <br /> 44 <br />10