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7.5.2 The Public Service Program. The program shall be a continuing five-year plan <br /> for all public services, estimating future needs for the public health, safety and welfare c <br /> the city. It shall measure the objectives and needs for each city department, the standard <br /> of services desired, and the impact of each such service on the annual operating budget. <br /> 7.5.3 The Capital Improvement Program. This program shall consist of projects and <br /> facilities that are or will be needed by the city in carrying out the anticipated program of <br /> public services. It shall include a list of all capital improvements proposed to be <br /> undertaken during the next five fiscal years, with appropriate supporting information as <br /> to the necessity for such improvements; the priority of each anticipated improvement; <br /> cost estimate, method of financing and recommended time schedule for each such <br /> improvement; and the estimated annual cost of operating and maintaining the facilities to <br /> be constructed or acquired. This information shall be revised and extended each year for <br /> capital improvements still pending or in process. <br /> 7.5.4 Five Year Financial Forecast. This forecast shall detail the estimated revenue <br /> and expenditures necessary to carry out the Public Service and Capital Improvement <br /> Programs as described in Sections 7.5.2 and 7.5.3. In addition, the forecast will identify <br /> financing sources and uses, cash flow projections, and financial policies that impact o <br /> exercise control over revenues and expenditures. <br /> 7.5.5 A summary of the long-term financial plan shall be published in the city <br /> newsletter annually. <br /> Section 7.6 Council Action on Budget. <br /> 7.6.1 The budget public hearing dates, procedures to be followed during the hearing: <br /> and publications are established by state statute. However, the actual adoption of the <br /> proposed annual budget and the municipal levy shall take place at the next regularly; <br /> scheduled council meeting following the mandated public hearing(s) to ensure that <br /> comments received during the public hearing(s) are given due consideration before the <br /> final budget and municipal tax levy are adopted. The council may revise the propose <br /> budget but no amendment to the budget shall increase the authorized expenditures to a <br /> amount greater than the estimated funds available. The council shall adopt the budget by <br /> a resolution that shall set forth the total for each budgeted fund and each department <br /> function or program, with such segregation as to objects and purpose of expenditures as <br /> the council deems necessary for purposes of budget control. The council shall also adopt <br /> a resolution levying the amount of taxes provided in the budget, and the city <br /> administrator shall certify the tax resolution to the county auditor in accordance with state <br /> law. Adoption of the budget resolution shall constitute appropriations at the beginning of <br /> the fiscal year of the sums fixed in the resolution of the several purposes named. <br /> 7.6.2 At least two weeks before the proposed budget is adopted, for the ensuing fiscal <br /> year, a summary of the proposed budget and municipal levy increases and decreases shall <br /> be given in the city newsletter. Such summary shall be set forth in language designed to <br /> be readily understood by the layperson, and shall provide appropriate supporting <br /> information as to the necessity for any increases. Failure to provide the specified <br /> 15 <br />