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�.� EN HILL5 <br />MEMORANDUM <br />DATE: April 26, 2010 <br />TO: Honorable Mayor and City Council Members <br />FROM: Sue Iverson, Acting City Administrator <br />Finance Director/Treasurer <br />SUBJECT: 2011 Budget Calendar <br />Back�round <br />Each year the City Administrator is to submit a budget to the City Council. The Council <br />then adopts a preliminary budget and levy to certify to the county by September 15th of <br />each year. Once this preliminary levy is set, it cannot be increased — but may be <br />decreased. A final budget and levy are adopted by the City Council and certified to the <br />county by late December each year. By statute, the City Council is legally required to <br />adopt budgets for the general fund and all special revenue funds. <br />Discussion <br />In order to start the budget process, a budget calendar needs to be approved by the <br />council. Attached is a draft copy for council approval. <br />Council Action <br />A motion to approve the 2011 budget calendar as presented. <br />City Council Meeting <br />\�1Vletro-inet.us\ardenhills�Admin\Council�Agendas & Packet Information\2010\4-26-10 Regular�.Packet <br />Information\2011 _Budget_Calendar_Memo . doc <br />Page 1 of 1 <br />