5.3. SR 07-12-2010 - Laserfiche WebLink

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Item # 5.3. MEMORANDUM Mayor and City Council TO: Lori Johnson, City Administrator FROM: July 12, 2010 DATE: 2011 Budget and Tax Levy Discussion SUBJECT: At the work session we will begin reviewing the 2011 tax levy and budget. As you know, the Council must adopt a maximum tax levy prior to September 15. The budget will not be adopted until December; thus, there is plenty of time to work through the details of the budget before adoption. For that reason, most of the initial discussion on Monday will center on the tax levy and other broad budget matters. As time permits we may begin reviewing some of the smaller, less complex budgets such as the general government budgets. The majority of the budgets will be discussed at meetings in August and September. This will give the Council time to fully review the requests before adopting the preliminary levy for certification to the County by September 15. Budget meetings have been held with all of the department heads or division managers and the preliminary requested budget has been compiled. It will undergo one more review before being distributed to the Council. For that reason, no budget detail is included with this memo; it will be distributed at Monday’s meeting or as soon as it has been thoroughly reviewed by staff. Proposed Timeline The following is the proposed schedule for reviewing and approving the tax levy and budget: ? August 2 (depending upon length of regular agenda), August 9, and September 7 – budget work sessions to discuss budget and tax levy. ? September 7 or 13 – approve proposed tax levy and set future meeting schedule for budget discussions. ? November 8 – continue budget and tax levy discussion. Revised estimated NTC data should be available by this time. Receive public input on budget. ? December 6 – present final proposed budget; take additional public input; adopt final budget and tax levy. \\tsclient\S\Public Bodies\Council\Lori\2010\Budget Memo 7 12 10.doc