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year's contribution. The dollar amount of such reduction for the City of Lexington will be added to the contribution of the City of Circle Pines as calculated by the formula. The City of Centerville will pay the amount indicated by the formula. At the point that all cities pay the amount that is indicated by the formula, no future phase in shall occur. To further clarify the formula and their intended relationship, specific examples of the formulas are attached as Appendix A. SECTION VII BUDGET 7,1 Established Budgets. The municipalities hereby agree that the maximum amount the cities will contribute to fund the police budget per year is as follows: 2000 - 1,168,190 2001 - 1,241,583 2002 - 1,314,178 2003 - 1,336,009 7.2 Police Commission Budget Process. The Police Chief shall submit a budget to the Commission by July 1st of each year. The Commission shall then review the proposed budget and make a recommendation to the member municipalities by August 1st. Each municipality shall have until November • 15 to accept the budget. If all member municipalities have not accepted the budget by November 15th, in the appropriate year, the Commission will make an attempt to resolve outstanding issues and shall report back by December 15th. The municipalities will then have from December 15 to January 15th to approve the proposed budget. All new budgets must be agreed to by all member municipalities, to become effective. 7.3 Base Budget. If by January 15th, the municipalities in the District are unable to mutually agree on the proposed budget for the upcoming year, the amount of the previous years operating budget will be increased by the lesser of the following: (a) The increase in the July to July, Minneapolis and St. Paul Consumer Price Index for All Urban Consumers (CPI) for the period ending most immediately prior to the commencement of the budget year over the same index for the previous year. or 9