Laserfiche WebLink
i <br /> <br />~~~ <br />~~. <br />er <br />TO: <br />FROM: <br />DATE: <br />SUBJECT: <br />ITEM 8.5. <br />MEMORANDUM <br />Mayor and City Council <br />Lori Johnson, City Administrator <br />May 16, 2011 <br />2012 Budget and Tax Levy Discussion <br />This week staff began the 2012 budget process in preparation for presenting a draft budget <br />proposal to the Council. As you know, the Council must adopt a maximum tax levy prior to <br />September 15. The final budget must be adopted in December. <br />At the work session, I am requesting approval of the proposed 2012 budget timeline as <br />outlined below. As you can see in the schedule, actual discussion on the budget and tax levy <br />will begin at the June 13 meeting. <br />Proposed Timeline <br />The following is the proposed schedule for reviewing and approving the tax levy and budget: <br />• May 5 -City Administrator memo and Finance Director memo distributed to <br />department heads with budget forms <br />• May 16 -Council review of action steps from visioning process. Determine action <br />steps to be incorporated in 2012 budget <br />• June 3 -Department head proposed budgets due <br />• June and July -Staff budget meetings <br />• June 13 -Council work session: General budget discussion on tax levy, Council <br />goals, staffing, pay and benefits, and other budget policy items <br />• July 11, August 8, and another date to be determined -Council work sessions: <br />Presentation of proposed budget to Council with department heads and division <br />managers in attendance <br />• September 12 -Approve proposed tax levy <br />• November 14 -Continue budget and tax levy discussion. Receive public input on <br />budget. <br />• December 5 -Present final proposed budget; take additional public input; adopt <br />final budget and tax levy. <br />N:\PubGc Bodies\Ciry Council\Lori\2011\Budget Memo 5 19 11.docx <br />