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�,�r.► �• J Date: OS/06/02 Mem o Item: WS II. A. To: Mayor and Council I+Yom: Neal Beets, City Manager Date: May 2, 2002 Re: Proposed 2003 Budget Process and Timeline Introduction The City's budget provides the framework from which all city operations are carried out. Formulating the budget involves a comprehensive process that spans several months, culminating in the submission of a preliminary budget in the fall. Given the comple�ty and the critical nature of the budget, and in an effort to meet all statutorial deadlines, it is important to begin the budget process as soon as possible. Pending any further direction from Council, the following information represents Staffs intention for the budget process and timeline. Budget Goals and Objectives Staff will be preparing a preliminary budget that strives to maintain e�sting services at current levels. In addition, the budget will also place emphasis on the six (6) high-priority objectives identified at the strategic planning sessions held earlier this year, and agreed to by a majority of the CounciL These objectives (in no particular order of importance) are: 1. Decide what to propose for a community center, and bring it to the citizens for a vote. 2. Resolve the public safety function, structure, and facilities. 3. Complete the planning process for the Arona site, and facilitate construction. 4. Address the unique service issues and housing needs of our aging population. S. Define how the City can/wants to achieve developing affordable housing. 6. Revise the City's special assessment policies. To the e�tent that these objectives are met in the ne�t few weeks and months, the budget goals for 2003 will be modified. Budget Spending Targets Consistent with prior years, Staff will be preparing a preliminary budget that limits the overall tax levy increase to no more than 3% (unless restricted further by State-imposed levy limits), recognizing that levy dollars may be reallocated among those programs that are tax supported. With respect to the operating budgets (excluding equipment and infrastructure replacement funds), Staff will prepare a budget that limits the overall increase in spending to no more than 3%.