TO: Mayor and City Commission
FROM: Cale Curtis, City Manager
DATE: September 17, 2025
Title
ADOPTING AN OPERATING BUDGET FOR THE CITY OF MARGATE, FLORIDA, FOR THE PERIOD BEGINNING OCTOBER 1, 2025 AND ENDING SEPTEMBER 30, 2026; PROVIDING FOR A BUDGET FOR THE GENERAL FUND, SPECIAL REVENUE FUNDS, DEBT SERVICE FUNDS, CAPITAL PROJECTS FUNDS, ENTERPRISE FUNDS, AND AN INTERNAL SERVICE FUND; PROVIDING FOR A MILLAGE RATE; PROVIDING FOR REPEAL; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.
BACKGROUND: The Fiscal Year 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 FY 2026 General Fund budget reflects a $5,952,227 (7.49%) increase from the adopted FY 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 a decrease in the total millage of 0.0289 mills from 7.5667 mills to 7.5378 mills. This total millage is reflective of a 0.4207 debt service millage which includes the 2019 voter approved parks bond.
RECOMMENDATION: Approve
FISCAL IMPACT: As per Fiscal Year 2026 budget
CONTACT PERSON: Ismael Diaz, Finance Director