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HomeMy WebLinkAbout08-08-2011 Council Work Session Minutes � MINUTES OF THE ORONO CITY COUNCIL WORK SESSION Monday,August 8, 2011 6:00 p.m. Present: Mayor Lili McMillan, Council Members Doug Franchot,Aaron Printup, and Dave Rahn. Representing Staff were City Administrator Jessica Loftus, Finance Director Ron Olson and City Clerk Lin Vee Finance Director Ron Olson reviewed potential revenue sources and expenditures for 2012, including expected increases and decreases. Council discussed the impact of increasing and decreasing both revenues and expenditures, as well as the tax levy required to fund the proposed budget. Olson noted that the preliminary budget and tax levy must be adopted by September 15, 2011 and the final budget and tax levy will be adopted at the December 12th meeting. While the preliminary tax levy adopted in September can be decreased, it cannot be increased when the final tax levy and budget are adopted in December. Council scheduled a work session for August 22"d to continue discussion of the 2012 preliminary budget. There were no comments regarding Information Update items. The meeting closed at 6:55 p.m. ATTEST: � � ���� � � Linda S.Vee, City Clerk Lili Tod McMillan, Mayor Page 1 of 1