TO: Mayor and City Commission
FROM: Cale Curtis, City Manager
DATE: September 10, 2025
Title
ADOPTING A TENTATIVE BUDGET FOR THE 2025/2026 FISCAL YEAR AND AUTHORIZING THE ADMINISTRATION TO OPERATE ON SAID TENTATIVE BUDGET AS AMENDED PURSUANT TO FLORIDA STATUTE UNTIL ADOPTION OF THE FINAL BUDGET FOR SAID FISCAL YEAR.
BACKGROUND: Providing for adoption of a tentative budget for Fiscal Year 2025/2026.
RECOMMENDATION: Approve.
FISCAL IMPACT: The tentative Fiscal Year 2025/2026 budget for all funds totals $253,847,103. The General Fund is $85,371,214 and the Enterprise Funds (Water/Wastewater and Stormwater Fund) total $143,742,556 and are self-supporting from user fees. The tentative General Fund budget reflects a $5,952,227 (7.49%) increase from the adopted FY 2024/2025 General Fund.
There was no increase to the fire assessment rate with the residential rate remaining at $300 per household; other non-residential property use categories and nursing home properties also remained at the same proportional rate.
This tentative budget provides for no increase in the operating millage of 7.1171 mills; however, total millage decreased by 0.0289 from 7.5667 mills to 7.5378 mills.
CONTACT PERSON: Ismael Diaz, Finance Director