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2/5/2026 <br />3 <br />STAFF MEETS WITH DEPARTMENT <br />HEADS <br />Discussions on 2027 Operating Budget and Capital Budgets <br />Review Revenues – use current year estimates and research following year expectations; <br />•What will continue? <br />•What will end? <br />•What other changes are anticipated? <br />Expenses are budgeted at amounts that will maintain the present level of City services and adjusted for: <br />•known increases or decreases <br />•any new programs or purchases <br />•union contract negotiations <br />•opportunities for cost savings or eliminations <br />Prior year budget to actual expenses are analyzed for more accurate cost estimates. <br />Long term capital budgets are reviewed for timing of purchases, condition of items to be replaced, and <br />updated cost estimates and capital needs. <br />REVIEW INFRASTRUCTURE IMPROVEMENT <br />SCHEDULE AND DEBT LEVY REQUIREMENTS <br />Street Improvement Program and Debt Service <br />Review Long term Street Improvement plan with City Engineers and Public <br />Work Director to re-evaluate pavement and underground utilities conditions <br />and needs and review with Council <br />Consider timing and cost share requirements of County Improvement <br />projects occurring in the city <br />Review Debt Service fund balances and Debt payment schedules for <br />opportunities to use available funds to reduce debt levy amounts <br />5 <br />6