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HomeMy WebLinkAbout15.F.4. 2005 Tentative Budget Calendar CITY OF SHAKOPEE /6. f=. ...Lj Memorandum TO: Mayor and Council Mark McNeill FROM: Gregg Voxland, Finance Director SUBJ: 2005 Tentative Budget Calendar DATE: May 20, 2004 Introduction Council is asked to review a tentative calendar of events for the 2005 budget process. Background Attached is a tentative proposed 2005 budget calendar. Some dates will be modified as Council's schedule unfolds and as developments warrant. Of course, Council can change the meeting dates as desired. The Five Year Capital Improvement Plan (CIP) for construction projects is already underway. It is planned that Council will have a joint meeting with the Park Board & Planning Commission on July 20, 2004. Projects in the CIP for 2005 will be built into the 2005 budget in the appropriate funds (capital projects funds, sewer fund etc.). The first council meeting on the operating budget is set for August 10th. Staff has a lot of background information on many subjects. Council should feel free to call department heads for information. If a short meeting with individual Departments or on the budget in general is desired, such as before a council meeting, please contact the City Administrator. The budget work sessions will begin at 5:00, unless another time is desired by the Council. Are there any preliminary directions Council would like to give to staff before starting the operational budget other than the assumed goal of increasing taxes no more than what would be generated by new construction? Alternatives 1. A. Accept tentative budget calendar B. Modify tentative budget calendar Action Requested Discuss and give staff direction. 2005 BUDGET CALENDAR TENTATIVE Date Who What June 30 Staff Budget request worksheets to departments July 20 Council Joint meeting with Planning Commission and Park Board for ClP Discussion July 23 Staff Budget worksheets due back to Finance from departments. July 27 Council ClP continued 5-Year Equipment List Aug 10 Council Work session Aug 19 Council Work session Aug 24 Council Work session Aug 31 Council Work session Sept 7 Council Adopt proposed maximum tax levy Sept ? State Receive Homestead/Agricultural Aid state aid figures. County Receive tax capacity numbers (?) Sept 15 Staff Certify maximum property tax levy to county which will be used for proposed property tax notices. Oct 19 Council Public hearing at Reg. Council Meeting to discuss Tax Rates. Nov 1 County Proposed tax notices sent to property owners Dec 6 Council Hold actual property tax levy hearing (date reserved for cities) . Dec 21 Council Adopt final tax levy and budget Dec 29 Staff Certify final tax levy. * Council can schedule additional dates for work sessions as needed.