HomeMy WebLinkAbout2.b. 2012 Budget Calendar4ROSEMOUNT EXECUTIVE SUMMARY
CITY COUNCIL
City Council Work Session: April 13, 2010
AGENDA ITEM: 2012 Budget Calendar
AGENDA SECTION:
Discussion
PREPARED BY: Jeff May, Finance Director
AGENDA NO. Z,V2
ATTACHMENTS: 2012 Budget Calendar
APPROVED BY:
RECOMMENDED ACTION: Discussion only.
ISSUE
As was the case last year we have decided to move the budget process up approximately one month to
allow more consideration of options.
BACKGROUND
Attached for your review and discussion is the proposed budget calendar for the 2012 budget process.
The calendar mirrors the calendar for last year in relation to dates. The process worked pretty well and so
we decided to leave most of the dates the same from last year to this year. If additional meeting dates are
necessary there are ample open periods of time that would enable us to do so.
We are guardedly optimistic that our conservative budgeting on both the revenue and expenditure side will
once again allow us to make it through this year in good shape. We did factor in the loss of the Market
Value Homestead Credit during the budget process last year so that gives us an advantage that many cities
are still dealing with — that once again we will not have to. Also, we will have approximately $140,000 of
levy room to work with as we have internally defeased the Fire Station #1 bonds and will no longer have
to levy those funds.
SUMMARY
After discussion this evening, staff will begin working on the budget following the attached proposed
budget calendar.
2012 BUDGET CALENDAR
February 10 — Council Goal Setting — Discuss expectations for 2012 budget process
February 19 — Council Goal Setting — Continuation from February 10 meeting
March 28 — Begin setting up budget worksheets
March 28 — Begin working on salary & benefit projections
April 13 — City Council Work Session — Discuss budget calendar
April 19 — Give staff worksheets to complete first draft
April 29 — First draft due to Finance Director
May 6 th — Compile 1 st draft of budget in total
May 9 th — May 20 — Meet with staff and make adjustments to 1 st draft
May 27 — City Council sees draft copy of budget
June 8 th — City Council Work Session discussion on budget
June 13 — July 29 — Make any changes to draft budget
August 10 City Council Work Session — Last chance before preliminary levy
September 6 th — City Council Meeting — Approve preliminary levy
September 14 — Certify preliminary levy & hearing dates to County before 9/15
November 9 th — City Council Work Session — Final preparations for Budget Hearing
December 6 th — City Council Meeting / Budget Hearing - Approve budgets and levies
December 22" — Certify final levy to County between 12/20 & 12/31
December 22 nd — Mail required reports to State