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1. Preliminary Budget Adoption and Call for Public HearingCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-1.997 - Telephone (406)755-7703 Fax (406)755-7758 REPORT TO: Mayor Kennedy and City Council Members FRONT: Amy Robertson, Finance Director James H. Patrick, City Manager SUBJECT. Adopt 2008 Preliminary Budget and call for a Public Hearing MEETING DATE: June 18, 2007 BACKGROUND. Annually, at the last meeting of the fiscal year, the council must make a motion to adopt the preliminary budget. The budget is adopted as presented and a public hearing date is set. After hearing the public, the council will take into consideration public comment, make any changes and adopt a final budget in August. The finance department will provide updated numbers in August for changes to the budget due to carryover's and revised estimates. We will receive taxable values from the Department of Revenue by the 10th of August. We will present for adoption the final budget resolutions at the meeting on August 20th. The budget public hearing will be set for July 16th. Any taxpayer may appear concerning the budget. A Preliminary budget is available at the reference desk at the Library. Copies are available for sale (cost of printing) in the finance office. A reference copy is also available at City Hall for use on site. RECOMMENDATION: Motion to adopt the 2008 Preliminary Budget and call for public hearing for July 1 Gth, 2007. Amy H. Robertson Finance Director Report compiled: June 5, 2007 CZ)" James atnc City Manager