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c <br />c <br />c <br />TO: Mayor Peterson and Council Members <br />FROM: Ron Moorse, City Administrator ^/r <br />DATE; July 30,2004 <br />SUBJECT: Budget Workscssion Agenda <br />The Council will meet at 5:30 p.m. on August 3, 2004, to review the 2005 preliminary budget <br />overview. The purpose of the preliminary budget overview is to provide the Council with an outline of <br />the proposed budget, including the main items affecting expenditures and revenues, key issues involved <br />in balancing expenditures and revenues, and the major short-term and long-term financial issues facing <br />the City, and the impact of the proposed budget on the tax levy. The budget overview focuses on t: le <br />General Fund, because it has the greatest impact on the tax levy. <br />Proposed Worksession Agenda <br />1. Staff presents an overview of the General Fund Budget, including the main goals of the budget, <br />the key initiatives in the budget, significant expenditure items and significant revenue changes, <br />and the impact of the proposed budget on the tax levy. <br />2. Department Heads provide information on the initiatives specific to their departments. <br />3. The Council discusses the proposed budget goals and initiatives, and obtains additional <br />information, if desired. <br />4. The Council determines whether the proposed goals and initiatives match their priorities, and <br />whether the proposed tax levy is acceptable. <br />n