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MINUTES OF THE <br />ORONO CITY COUNCIL WORK SESSION <br />Monday, August 8, 2011 <br />6:00 p.m. <br /> <br />Page 1 of 1 <br /> <br />Present: Mayor Lili McMillan, Council Members Doug Franchot, Aaron Printup, and Dave Rahn. <br />Representing Staff were City Administrator Jessica Loftus, Finance Director Ron Olson and <br />City Clerk Lin Vee <br /> <br /> <br />Finance Director Ron Olson reviewed potential revenue sources and expenditures for 2012, including <br />expected increases and decreases. Council discussed the impact of increasing and decreasing both <br />revenues and expenditures, as well as the tax levy required to fund the proposed budget. <br /> <br />Olson noted that the preliminary budget and tax levy must be adopted by September 15, 2011 and the <br />final budget and tax levy will be adopted at the December 12th meeting. While the preliminary tax levy <br />adopted in September can be decreased, it cannot be increased when the final tax levy and budget are <br />adopted in December. <br /> <br />Council scheduled a work session for August 22nd to continue discussion of the 2012 preliminary budget. <br /> <br />There were no comments regarding Information Update items. <br /> <br />The meeting closed at 6:55 p.m. <br /> <br />ATTEST: <br /> <br />________________________________________ _______________________________________ <br />Linda S. Vee, City Clerk Lili Tod McMillan, Mayor <br />Item #02 - CC Agenda - 08/22/2011 <br />Approval of Council Work Session Minutes 08/08/2011 <br />[Page 1 of 1]