06-24-1991 Council Packet - Laserfiche WebLink

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rr r- H K- f-. H kr Sl.: r EfI 62191.2 TO:Mayor and City Council %45 FROM:Mark E. Bernhardscn, City Administrat or % DATE:June 20, 199L SOBJECT: 1992 Budget Process % Attachment: A. City Facility Memo Dated 10/5/90 ISSUE 1. Presentation to Council of the budget process for 1991. 2. Presentation consideration. to Council of initial estimates for budget INTRODUCTTON - Given the alterations to the Truth in Taxation requirements Attachment A is presented for Council information. As a result of that the City's budget process dates will be as follows: * Attempt to provide preliminary budget information to Council by July 22, 1 99 1 and if not by August 12, 1991. * proposed 1992 tax levies and budget resolutions must be adopted at August 26, 1991 Council meeting. Also the City must select dates for the initial and continuation budget hearings to be held between November 15 and December 20, 1991 after receipt of information from the County * Budget work sessions(s) with City Council and with staff in September - October ♦ Publish notice of proposed property taxes before the hearing to be held between November 15 and December 20 * At budget hearing(s) Council must adopt final budget and property tax levies. (Note property tax levy adopted cannot exceed amount adopted at August 26 Council meeting, but may be lower at Council's discretion.) * City must certify the final budget and property tax levies adopted at budget hearing(s) to the County Auditor by Friday, December 27, 1991 DISCUSSION - Because of the "no growth" levy limits placed on all cities during the recent legislative session, the General Fund tax levy increases for the City will be zero, except for some potential special levies. initial estimates place pecsonnel/increase which make up about 70% of the budget at about