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10.d 2025 Budget Calendar Staff Report Date of Meeting: July 16, 2024 For: Honorable Mayor and Council From: Kyle Morell, City Administrator Subject: 2025 Budget Schedule and Assumptions Attached, you will find the 2025 Budget Calendar for your review. I plan on presenting the first draft of the 2025 budget at the August 7 Work Session. Budget discussion will occur at all work sessions from August through December, with additional workshops, if needed, at regular or special meetings. The draft 2025 budget will be put together using the following guidelines. 1) Recommendations from the Capital Investment Committee will be incorporated into the CIP Funds 2) Required levy amounts for the 2024 GO Bond will be included 3) A placeholder levy for the Fire Engine Equipment Certificate will be included. The actual number will not be known until the fall. 4) Pay increases for non-union staff will mirror the 3.5% approved for union staff when their contract is approved at the end of 2023. 5) All insurance amounts will be increased by 10% until actual increase amounts are known. 6) Contract services will be increased by 10% until actual increase amounts are known. I welcome your thoughts on these guidelines. Attachments: 2025 Budget Calendar 2025 Budget/ Capital Improvement Plan Calendar July 2024 Dates (2024) Action Monday, May 13 Tuesday, June 25 Tuesday, July 30 Capital Investment Committee Meeting Capital Investment Committee Meeting Capital Investment Committee Meeting July Staff prepares a draft budget Wednesday, August 7 City Council budget workshop (regular work session meeting) Tuesday, August 21 City Council budget workshop (special meeting) Tuesday, August 28 City Council budget workshop (special meeting) Friday, September 6 Notification of levy limit received Wednesday, September 4 City Council budget workshop (regular work session meeting) Tuesday, September 17 Regular Council meeting to adopt the proposed budget by resolution and certify proposed levy to county auditor; set date for the public meeting on levy and budget Monday, September 30 Last date to certify proposed (maximum) tax levy to county auditor October 1 (approximate) Include information on the proposed budget in the City newsletter Wednesday, October 2 City Council budget workshop (regular work session) Tuesday, October 22 City Council budget workshop (special meeting) November Washington County mails property tax statements. Wednesday, November 6 City Council budget workshop (regular work session meeting) Tuesday, November 12 Planning Commission hearing on Capital Improvement Program (CIP) Wednesday, December 4 City Council budget workshop (regular work session) Tuesday, December 17 Budget hearing/ adopt final property tax levy and budget (last regular Council meeting of 2023) Friday, December 27 Last date to certify final tax levy to county auditor January 2025 Publish summary budget in legal newspaper.