City Charter Adopted on 5/22/84 - Laserfiche WebLink

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witli o [without amendment. The financial plan, at minimum, shall consist of three ele~er ~ as specified in sections 7.5.2 through 7.5.4. which follow. 7.$,~. The Public Service Program. The program shall be a continuing five-year plan for ~11 ~ablic services, estimating future needs for the public health, safety and welfare of the ei~ It shall measure the objectives and needs for each city department, the standard of s~rv~es desired, and the impact of each such service on the annual operating budget. 7.5,.~. ~1~e Capital Improvement Program. This program shall consist of projects and faCiiiti~ srthat are or will be needed by the city in carrying out the anticipated program of public Services. It shall include a list of all capital improvements proposed to be und.~ ten during the next five fiscal years, with appropriate supporting information as to the ~ec?sity for such improvements;, the priority of each anticipated improvement; cost estirtt~a~i,. ~ method of financing and recommended time' schedule for each such imp~ovl~rnent; and the estimated annual cost of operating and maintaining the facilities to be cbn~fftcted or acquired. This information shall be revised and extended each year for capiital ~,mprovements still pending or in process. 7~5.~. Five Year Financial Forecast. This forecast shall detail the estimated revenues and i;ex~¢nditures necessary to carry out the Public Service and Capital Improvement Progra~ as described in sections 7..5.2. and 7.5.3. In addition, the forecast will identify finaflcigg sources and uses, cash flow projections, and financial policies that impact or exerE~s~ control over revenues and expenditures. 7'5,$. ~ summa, of the long-term financial plan shall be published in the city newsletter annually. Section 7.6~ [. and proPOse sehedul comme: final' budget }Until Action on Budget. ,l'~he budget public hearing dates, procedures to be followed during the hearings, lications are established by state statute. However, the actual adoption of the t annual budget and the municipal levy shall take place at the next regularly ,~Cl council meeting following the mandated public hearing(s) to ensure that tts received during the public hearing(s) are given due consideration before the :lget and municipal tax levy are adopted. The council may revise the proposed ~t no amendment to the budget shall increase the authorized expenditures to an amoCn~greater than the estimated funds available. The council shall adopt the budget by a re~ol~tJon that shall set forth the total for each budgeted fund and each department, fun¢~i°~ .or program, with such segregation as to objects and purpose of expenditures as the 40u~, cil deems necessary for purposes of budget control. The council shall also adopt a reiml~tion levying the amount of taxes provided in the budget, and the clerk- admtms~rator shall certify the tax resolution to the county auditor in accordance with state law. :,~ A~Option of the budget resolution shall constitute appropriations at the beginning of the f~sc~il' year of the sums fixed in the resolution of the several purposes named.