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STATUTORY CITIES § 412.711 <br />mnde up of proceeds of Uond issues, ntility Yunds, and specinl aesesament funde, <br />and mnp include any of �uch funcls at the discretion of the couneil. The ea- <br />� ttmntes ot expenditures for each fund Uudgeted shail he arranged Yor each de- <br />pxrtment or division oY the city iender the followin� heads: <br />(1) ordinary espenses (for operation, maintenance, and repairs}; (2) pay, <br />ment o[ principal und interest on bonds and other fiaed charges; (3) capital <br />outla3�s (Por netiv constriiction, new equipmenC, and ali improvements of a <br />lastin� character). Ordinary expenses shali he sub�divided into: (n) salaries <br />and �vages, with a liQt ot ull snluried offices and positions, including the sal- <br />arp nllowance and the number of persons holding eaeh ;(b) otl�er expenses, <br />tivith suificient detuil to Ue reudily under:sYood. All Increases and �ecreases <br />shall he clearly shown. In para11e1 columns shall be added the amounts grant- <br />ed and the amounts expended under similan c�uds 1or the past iwo cotx►pleted <br />�iscal years und the eurrent Liscal �•enr, actual to dnte and estimated for thc <br />baiance oC the Sear. In addition to thc estimates o£ expenditures, the Uudget <br />shull include for each hud�etecl f�ind a siaiement oP the revenues which have <br />accrued Yor the past t�so compieted flscnl ycars �vith the amount collected <br />and the uncollected halances together with the eame Information, basecl in so <br />far as necessary on estimates, for the current fiscal year, and an estimate oP <br />the revenues for tk2e ensuing �iscal �eflr. Ti�e statement oi revenues for each <br />year shall specify the fallo�v3ng items: sums derfti•ed Yrom (A) taxation, (b) <br />fees, (c) fines, (d) interest, (c) mtscellaneous, not inclu�ied in the foregoing, (1) <br />sales and rentals, (g) enrnings af public ut3Iitics and other pvblic service en- <br />terprises, (h) specill ussess�nents, nnd (i) sales oP bonds and other oblign- <br />tions. Such estimntes shfill be printed or type�vritten and theee shall be suf- <br />�icient copies Yor each member of the council, for tlie mana�er, for the clerk, <br />and thrcc, nt lenst, to be posted in �nb13c plt�ces ln the city. The estfmates <br />shall be suhmitted Co the council at its firat re�iIar monthly meeting in Sep- <br />tember and shall be mnde nublle The mnnn�er may sub�nit �vith the estl- <br />mates such explanatory statement or stntemenLq ns l�c mnp deem necess�ry, <br />and during. the First threc ��et►�:s of opet:ltion nncler Optiud�l 3'lan I� 1 he shnll <br />be �uthorized to interpret ti�c rrqt�irements oP this �ection as mqti�iring only <br />� such compnrisons of the cit��'� financca �vith thofie of the pre�•iou5 governmcnt <br />oY the city as maiy fle Peasiblc an�l pertinent. <br />Amended by La���s 1973, c. 123, art. 2, � 1. <br />7973 Amendment. T.aws 1373, c. 1.23, "villa�e" and the substitution, wheTe <br />art. 2. � 1, aubd. 2, was a general autho- appro��riate, of the tcrm "city" ar the <br />rizatlon Por ihe deletion of the term term "statutory city_" <br />412.7i i Consideratlon of hudget; tax levy <br />The budget shall be thc principnl item oP business nt the first regu2ar <br />monthly mectin� oi thc conncil i�i tiepteinber and the council shtill hold ad- <br />journed mectin� fron� time to ti�n�� until aII the estimt�tea harc been consid- <br />erec�. The ��eetin�,� shnli. Le �a conducted as to �i�•e Interested citizens a rea- <br />sonaUle opportunLty to Ex� he.u•d. The budget estimntes shalt be read in full <br />und ihe mana�;cr shull e�plriin thc �•urioua Itcros thcreoP us fully fls may be <br />deemed neceysary Ly the council. The aununl bttdget tinall� n�reed icpon <br />�halt set forth in detriil tl�e eouzplete Yinanciail pinn oP the city for Che ensu- <br />ing Piscnl seur for tlie fiuids Uud�eted una tshaill Ue si�ned by thc inajority of <br />the council wt�en �►dopted. It shall indicnte the sums to �e raised and irom <br />whaC sources und the �uma [o bc spent nnd Por �vliat pur��:tes according to <br />the plan indIcnYe�i 9n section 412.701. The tots�l suin uppropriated shall be <br />Iess thun the totai estimatcd re�•enue by a 5fife �nargin. T1ie council �hall <br />adopt the budget not latcr tiian thc fiE�t duy of October Uy n resolution which <br />sliall set fortli thc total for eucY� bE�dRctcd fand anil each degartment �vith such <br />segregt�tiun Fts to objects n�id F�urposes of espen�litterce us LhE CpUTIL`IL (ICeI173 <br />necessary for pi�rpose� of bii�iRet contrul. Tl�e cou�icil ahnil also adopt a reso- <br />lution levying whutever tuxes it considcrs necessary withln stahitory limiis <br />for the ensuing yeAr 4ur cuch Pund. The tax lery resolution shall be ccrti- <br />1Eied to the county uuditor iii accordance witli law not later thnn October 10. <br />24A Minn.S.A.--b <br />1979 P.P- <br />- za <br />