HomeMy WebLinkAbout05-21-07 Item 2B, 2008 Budget Calendar
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~~HILLS
MEMORANDUM
DATE:
May 16,2007
Agenda Item 2.B
TO: Honorable Mayor and City Council
FROM: Sue Iverson, Finance Director ~V
SUBJECT: 2008 Budget Calendar
BACKGROUND:
Each year the City Administrator is to submit a budget to the City Council. The Council then
adopts a preliminary budget and levy to certify to the county by September 15th of each year.
Once this preliminary levy is set, it cannot be increased - but may be decreased. A final budget
and levy are adopted by the City Council and certified to the county by late December each year.
By statute, the City Council is legally required to adopt budgets for the general fund and all
special revenue funds.
DISCUSSION:
In order to start the budget process, a budget calendar needs to be approved by the council.
Attached is a draft copy for council discussion.
RECOMMENDED ACTION:
Staff is seeking input for the 2008 budget process and calendar.
May 21, 2007
June 29, 2007
July 2, 2007 -
July 27, 2007
July 27, 2007
August 6, 2007 -
August 10, 2007
August 15, 2007 -
August 20, 2007
September 10, 2007
September 10, 2007
September 10, 2007
September 15, 2007
Mid-November
Early December
Mid-December
Late December
CITY OF ARDEN HILLS
2008 BUDGET CALENDAR
City Council Approval of Budget Instructions and Parameters.
Forms Distributed to all Department Heads.
Department Heads Prepare Budgets and Background Material.
Department Heads Submit Budget Requests to Finance department.
City Administrator and Finance Director review Department Budgets
and Confer with Departments.
Finance department completes Preliminary Revenue Estimates.
City Administrator Budget is drafted for Presentation to Council at work session
City Administrator's recommended Preliminary 2007 Budget distributed to the
City Council
City Council adopts the Preliminary 2007 Property Tax Levy
Council Certifies date for public (TNT) hearing and continuation hearing (if
necessary) to county
Finance Director submits preliminary 2007 property tax levy to County for
certification
Truth in Taxation Notices and Public Hearings Schedule distributed
by County.
Public Hearing for Budget and Levy Consideration.
Continuation Hearing, Approval of Budget and Certification of
Property Tax Levy for submission to County.
Finance Director Submits final levy to County and prepares Final
Budget Document.