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l <br /> <br />CITY COUNCIL WORK SESSION <br />Topic Report: 2006 Preliminary Budget <br />By: James E. Norman, City Administrator & <br />Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />State Statutes requires that municipalities shall adopt a preliminary budget and levy on or <br />before September 15 of each year. The City Council has received a proposed draft of a <br />2006 preliminary budget, however, has only discussed the process for adoption of the <br />final budget. The City Council has agreed to take more time in reviewing the budget <br />prior to the final adoption which will take place sometime in December. The Council has <br />agreed to a full work session to possibly make some adjustments or decisions prior to the <br />preliminary budget adoption now scheduled for September 13. <br /> <br />Council is asked to bring their copy of their 2006 Preliminary General Fund Budget to <br />thc work session. <br /> <br />Action Statement: <br /> <br />Council will direct staff to make adjustments to the 2006preliminary budget and prepare <br />.lot l~reliminary budget adoption. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />l:inancc Officer <br /> <br />CCWS: 08/30/05 <br /> <br /> <br />