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