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FC CASE <br /> <br />SCHEDULE STAFF/COUNCIL FINANCE COMMITTEE WORK SESSION(S) ON THE <br />PROPOSED 1998/1999 GENERAL FUND OPERATING BUDGET <br /> By: Jessie Hart, Finance Officer <br /> <br />Background: <br /> <br />Each year the Council adopts a budget calendar that outlines the processes, work sessions and <br />meetings involving the preparation of the next years operating budgets. The actual budget <br />process was again done a bit differently, in that we are attempting to prepare a two year budget <br />for 1998 and 1999 Budget requests for both years were accumulated and reviewed by Staff, the <br />City Administrator and me. Unlike past years, the document to be reviewed by the Finance <br />Committee will contain the "raw" requests with refinements only in the area of capital outlay. <br /> <br />The weeks of July 7 - 18, 1997 had been originally adopted in the budget calendar for the work <br />sessions between Staff and the Council Finance Committee. It is anticipated that we will need <br />approximately 6 to 8 hours to complete a detailed review of the requests and discuss potential <br />revisions. This process could be accomplished in one full day or two evenings. This timing is <br />necessary so that recommendations can be incorporated and a recommended level of property <br />taxes be established so that the preliminary levy for 1998 can be approved either August 26, <br />1997 or September 9, 1997, and be certified to Anoka County by September 15, 1997. <br /> <br />As an aside, most revenues certified by the State and Anoka County, that are necessary in <br />determining adequate property tax levels, will not be available until early to mid-August and <br />certain values used in calculating tax capacity are generally not available from the County until <br />early September or later. <br /> <br />Staff Recommendation: <br /> <br />To accommodate varying schedules, Staff is recommending that two meetings be scheduled as <br />follows: <br /> <br />Wednesday <br />Wednesday <br /> <br />July 9, 1997 <br />July 16, 1997 <br /> <br />5:00 - 8:00 p.m. <br />5:00 - 8:00 p.m. <br /> <br />This allows for three hours [or more] for each review session. The schedules will be arranged so <br />that individuals with several cost centers will only need to be at one of the meetings, although <br />they would be welcomed at both. <br /> <br />It is anticipated that with the recommended time table that pizza or some type of meal will be <br />served/available to accommodate the dinner hour. <br /> <br /> <br />