AGENDA REPORT
DATE: September 8, 2025
TO: City Commission
FROM: Bill McDaniel, City Manager
SUBJECT: Public Hearing Adopting the Tentative Budget for Fiscal Year 2025-26, and Setting a Public Hearing to Adopt the Final Budget
EXECUTIVE SUMMARY:
The City Commission held a special meeting on August 25 to discuss the proposed budget for Fiscal Year 2025-26. The current budget provides funding for the essential services and maintains the General Fund reserves above the required 25% level established by the City Commission, thereby preserving the ability to respond effectively if emergencies arise during the coming fiscal year.
The Water/Sewer Fund includes a $2,000,000 transfer from the Wastewater Development Fee Fund to be used toward the $3,164,117 pay debt service payment for Fiscal Year 2026.
A two-page summary of budget highlights is attached. The detailed budget document can be found at is FY25 26_Proposed_Budget.
RECOMMENDATION:
That the City Commission adopt a resolution to tentatively approve the budget for Fiscal Year 2025-26 and set a public hearing to adopt the final budget on September 22, 2025.
FISCAL IMPACT:
The proposed budget for Fiscal Year 2025-26 is balanced at $147,883,443
Prepared by: Diane Reichard, Chief Financial Officer