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CITY OF ELK RIVER TRUTH IN <br />TAXATION PUBLIC HEARING <br />DECEMBER 3, 2007 <br />Presentation Overview <br />^ Summary of Budget Process <br />^ Proposed Tax Lecy <br />^ Budget Overview <br />^ General Fund <br />^ Special Revenue <br />^ Enterprise <br />^ Public Hearing -receive comments <br />from public <br />^ Announce date of next budget meeting <br />The Budget Process <br />^ Staff prepares draft budget and tax levy <br />for Council discussion <br />^ Council discusses both at Council <br />meetings and adopts maximum levy <br />before September 15 <br />^ Truth In Taxation Hearing held <br />^ Council adopts 20081evy and budget <br />1 <br />