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HomeMy WebLinkAbout4G, 2012 Budget Calendar� EN HILLS Request for Council Action Prepared By: Sue I�erson, Director of Firiance and Administrati�e Services Council Meeting Date: Apri125, 20I 1 2412 Budge� Calendar Budgeted Amount: Actual Amount: Funding Source: NIA NIA NIA Recammendation: 1. Motian to adopt 2012 Sudget Ca.lendar as presented. Su ort�n Documents: 1. See the attached memo from Sue Iverson dated April 25, 20ll . 2. 2012 Budget Calendar. � EN HILLS MEMORANDUM DATE: Apri125, 201.1 TO: Honorable Maypr and City Councii Me�nbers Patrick Klaers, City Administrator FROM: Sue Iverson, Director of F�nance and Administrative Services �UBJECT: 2012 Budget Calendar Back�round Each year the City Administrator is to submit a budget io t�e City Council. The Cour�cil then adopts a prelizx�znary budget and levy to certify to the county by September 15� of each year. Once this pxel�minary Ievy is set, it cannot be increased — but may be decreased. A final budget and �evy are adopted by the City Council az�d certifed to the county by laie December each year. By statute, the City Council is legaliy required to adopt budgets for the general fund and all special revenue funds. Discussian In order to start the budget process, a budget calendar needs to be appxaved by the council. Attached is a draft copy for counci� approval. Council Acfio� A�notion ta approve the 2012 budget calendar as presented. Gity Council Meeting 11Metro-inet.uslardenhi11s1Adrr►inlCouncillAgendas & Packet In%rmation1201114-25-11 RegularlPacket Tnformation12012_Budget_Calendar Memo.docx � Page 1 of 1 CITY OF ARDEN HILLS 2012 BUDGET CALENDAR Apri125, 2011 Apri126, 2011— Juz�e 3, 2011 3une 3, 2011 3une 6, 201 l — June 10, 201 I June 10, 2011 June 15, 2011 .Tune 20, 20I 1 June 13, 2011 — July $, 2011 July S, 2011 July 1$, 2011 - July 22, 201 i July 29, 2011 August 1, 2011 August I 5, 2Q 11 September b, 24� 1 City Council Approva� o� Budget Instructions and Parameters. Department Heads Prepare 2012-201 b CIP Requesfs and Background Material. Department head Submit CIP Requests to Finance Department. City Acirriinistratar and Finance Director review Departzz�erzt CIP Requests and Canfer w'rth Departmenis. Forms Distributed to alI Department Heads for 20 � 2 Operaiing Budgei. 2012-2016 CIP is drafted for Presentation to Council at work session City Council Worksessian to discuss 2012-2016 CIA Department Heads Prepaxe Budgets and Background Material. Departzneni Heads Submit Budget Requests to Finance department. City Adrr�inistrator aza.d �inance Directar review Department Budgets and Confer wiih Departrnents. Finance departnnent corr�pletes Preliminary Revenue Estimates. City Administrator Budget is drafted far Presentation to Council at work session City Council work session to discuss Preliminary 2012 Budget City Administrator's recommended Preli�ninary 2012 Budget distribuied to the City Council September 12, 2011 City Co�.u�cil adopts the Preliminary 2011 Praperty Tax Levy {Payable 2012) September 12, 2011 Council Certi�es date for public {TNT) hearing and continuation hearing (if necessary} to county September 15, 2011 Fina�nce Director subrriits preliminary 2011 property tax levy {Payable 2012) to Caunty £or certificati�n Mid-November Early December Mid-December Late December Truth in Taxation Notices and Public Hearzngs Schedule distribu�ed by Courfty. Public Hearing for Budget and Levy Consideratian. Continuation Hearin�, Approval of Budget and Certzfication af Property T� Levy for submission to County. Finance Direciar Submits final levy to Couxxty and pxepares �'inal Budget Document.