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SCHEDULE STAFF/COUNCIL WORK SESSION(S) ON THE <br /> OPERATING BUDGET <br /> By: Jessie Hart, Finance Officer <br /> <br />1996 <br /> <br /> CASE # 3 <br />GENERAL FUND <br /> <br />Background: <br /> <br />Each year the Council adopts a budget calendar that outlines the processes, work sessions and meetings involving <br />the preparation of the next years operating budgets. In the past, budget requests were accumulated and reviewed <br />by Staff, the City Administrator and me. During those reviews, there were recommendations and suggestions for <br />revisions to the document that were generally incorporated prior to submission to the Finance Committee for <br />review. We are going to approach this a little differently this year, in that the initial review process between <br />Staff, the City Administrator and I will not take place. We will schedule the normal work sessions between Staff <br />and the Finance Committee and will review the requested budgets in an unedited fashion. <br /> <br />The week of August 7-11, 1995 had been originally adopted in the budget calendar for these work sessions. It is <br />anticipated that we will need the eqUivalent of 6 to 8 hours to complete a detailed review of the requests and <br />discuss recommended revisions. This can be done in one full day or two evenings. It is necessary that this is <br />done during this time frame so that recommendations can be incorporated and a recommended level for property <br />taxes be established so that the preliminary levy for 1996 taxes can be approved on either August 22, 1995 or <br />September 12, 1995, and certified to the County by September 15, 1995. <br /> <br />As an aside, most revenues certified by thc State, that are necessary in determining adequate property tax levels, <br />will not be available until early to mid-August and certain values used in calculating tax capacity are not available <br />from the County until early September or later. <br /> <br />Committee Action: <br /> <br />Schedule budget work session(s) for <br />Requested General Fund Budget. <br /> <br />and/or to review the 1996 <br /> <br />Reviewed by: <br />Finance Officer <br /> <br />Copies Distributed to: <br />City Administrator <br />City Engineer <br />Police Chief <br />Fire Chief <br /> <br />FC: 07/25/95 <br /> <br /> <br />