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City of <br /> <br />ITEM ?. <br /> <br />MEMORANDUM <br /> <br />'vet <br /> <br />TO: <br /> <br />FROM: <br /> <br />Mayor and City Council <br /> <br />Pat Klaers, City Administrator <br /> <br />DATE: August 26, 1996 <br /> <br />SUBJECT: Budget Worksession <br /> <br />The first City Council worksession on the 1997 budget is scheduled for <br />Monday, August 26, 1996, in the training room after some regular <br />council business is completed. The proposed maximum levy and budget must <br />be approved by the City Council and certified to the county no later than <br />September 16, 1996. For all practical purposes, this means that the City <br />Council must finalize the budget and determine its proposed maximum levy <br />sometime around September 9-12. Additionally, by September 16, 1996, the <br />City Council must establish its December, 1996 public hearing dates for the <br />1997 budget and tax levy. <br /> <br />There are only a few non-budget items on this 8/26/96 City Council agenda, <br />so most of the evening will be dedicated to reviewing and discussing issues <br />related to the 1997 proposed budget. The budget worksession agenda looks <br />something like the following: <br /> <br />· Review status of 1996 Council Contingency budget <br />· 1997 proposed expenditures <br />· 1997 proposed revenues <br />· Status of city levy and general fund tax revenues <br />· Discuss the 1997 "budget gap" <br />· Evaluate 1997 personnel and capital outlay goals <br />· Review special levy and special revenue budget pages <br />· Review necessary City Council action by September 16, 1996 <br />· Discuss miscellaneous financial issues and CIP items (most of which were <br /> reviewed in my 8/5/96 memo) <br /> <br />The city budget issues in 1997 are the same that the city has had to deal with <br />in the past few years. The challenge facing us is a healthy challenge and <br />relates to how the city can finance the growth that it is experiencing. This is <br />a much better problem to be dealing with and working on than problems on <br />the opposite end of the spectrum where the community is declining in <br />population and tax base. The budget concerns in 1997 relate to how the city <br />can finance necessary personnel additions and programs when the only real <br />increase in revenues comes from taxes due to new construction and property <br /> <br />reassessments. <br /> <br />13065 Orono Parkway ° P.O. Box 490 ° Elk River, MN 55330 · (612) 441-7420 ° Fax: (612) 441-7425 <br /> <br /> <br />