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7.05.03. The Capital Improvement Program. This program.s~all consist of <br /> <br />projects and facilities that are or will be n~eded by the city in carrying out the <br />anticipated program of public services. It shall include a list of all capital <br /> <br />improvements proposed to be undertaken during the next five fiscal years, with <br />appropriate supporting information as to the necessity for such improvements; cost <br /> <br />estimate, method of financing and recommended time schedule for each such improvement; <br /> <br />and the estimated annual cost of operating and maintaining the facil".'~ to be <br /> <br />constructed or aquired. This information shall be .~o"~¢ and extended each year <br />for capital improvements still pending or in process. <br /> <br /> 7.05.04. The Long-term Revenue Program. This program shall consist of a <br />tentative revenue policy which describes long-term plans for financing public <br /> <br />services and capital improvements. <br /> <br /> 7.05.05. The Capital S~ary Program. This program shall be a summary on <br /> <br />the basis of a five year period of the estimated revenues and expenditures as necessary <br />for the above described programs. It shall list a priority for each anticipated investment <br />in community facilities and balance this with a consideration of the availability of <br />necessary revenues~ <br /> <br />in the city newsletter annually,?~ <br /> <br /> Section 7.06. Council Action on Budget. <br /> <br />~'7.05.06.'.~iA'~summary of the long-term financial ~ plan shall be Published <br /> <br /> 7.06.01. The budget shall be considered no later than at the first <br />regular monthly meeting of the council .in September and at subsequent meetings until <br /> <br />a budget is adopted for the ensuing year. The meetings shall be so conducted as to <br /> <br />give interested citizens a reasonable opportunity to be'heard. The council may revise <br /> <br />I <br />I <br /> <br />pg.7-3/7 <br /> <br /> <br />