8.0. SR 08-25-1997 - Laserfiche WebLink

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City of iver MEMORANDUM Item #8. TO: FROM: DATE: SUBJECT: Mayor & City Council Pat Klaers, City Administrator August 19, 1997 1998 Budget Worksession The first City Council worksession on the 1998 budget is scheduled for Monday, August 25, 1997, in the Training Room following the completion of some regular city business items. The proposed maximum levy and budget must be approved by the City Council and certified to the state no later than Monday, September 15, 1997. For all practical purposes this means that the City Council must finalize the budget and determine the proposed maximum levy some time around September 8-10. Additionally, by September 15, 1997, the City Council must establish its December 1997 public hearing dates for consideration of the 1998 budget and tax levy. There is between one and two hours of non budget items on the 8/25/97 City Council agenda. The balance of the evening will be dedicated to reviewing and discussing issues related to the 1998 proposed budget. The budget worksession agenda looks something like the following: · Discuss the 1998 proposed revenues including the impact of the levy limit law · Discuss the 1998 proposed expenditures, concentrating on personnel and capital outlay items · Discuss the 1998 "budget gap" · Review the special levy and special revenue budgets · Review miscellaneous financial issues · Review required City Council action before September 15, 1997 The city budget issues in 1998 are similar to what the city has had to deal with in the past few years. The challenge facing us relates to how the city can finance the growth that it is experiencing. This will be especially challenging in 1998 with levy limits. The budget concerns in 1998 relate to how the city can finance the necessary personnel additions, capital outlay items, and programs when the only substantial increase in revenues comes 13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425