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The Council is reminded that a preliminary, not-to-exceed 2014 tax levy must be adopted by September <br />35 <br />thth <br />15. The last scheduled Council meeting prior to this deadline is September 9. In order to <br />36 <br />accommodate this timeline, the Council will need to reach general consensus on the portion of the <br />37 <br />Budget that is funded by property taxes. <br />38 <br />39 <br />As a result, the Council may want to consider focusing on tax-supported programs up until September <br />40 <br />th <br />9, before turning to budget items that are less time-sensitive such as; the City’s water and sewer <br />41 <br />operations, recycling and communications programs, golf course, license center, and most community <br />42 <br />development functions. <br />43 <br />44 <br />thth <br />It should be noted that there are 7 scheduled Council meetings between June 10 and September 9. At <br />45 <br />first glance it would appear to be sufficient to arrive at preliminary tax levy and budget by the required <br />46 <br />deadline. However, it is expected that Staff will need approximately 2-3 weeks to develop a City <br />47 <br />Manager Recommended Budget after receiving final Council direction. <br />48 <br />49 <br />Therefore it is suggested that the Council complete budget processes #1-4 as identified above by <br />50 <br />nd <br />Monday, July 22. This should provide Staff with sufficient time to make final budget changes and <br />51 <br />thth <br />deliver the Recommended Budget on August 12 or 19. This in turn will leave the Council with 2 or <br />52 <br />th <br />3 scheduled meetings to make final budget refinements before the September 15 deadline. <br />53 <br />PO <br />OLICYBJECTIVE <br />54 <br />Not applicable. <br />55 <br />FI <br />INANCIAL MPACTS <br />56 <br />Not applicable. <br />57 <br />SR <br />TAFF ECOMMENDATION <br />58 <br />Staff recommends that the Council consider the revised budget process as indicated above. <br />59 <br />RCA <br />EQUESTED OUNCIL CTION <br />60 <br />For discussion purposes only. No formal action is required. <br />61 <br />62 <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Not applicable. <br />Page 2 of 2 <br /> <br />