AGENDA REPORT
DATE: September 8, 2025
TO: City Commission
FROM: Bill McDaniel, City Manager
SUBJECT: Capital Improvement/Asset Management Budget for Fiscal Year 2025-26
EXECUTIVE SUMMARY:
The City Commission held a special meeting on August 25 to discuss the proposed budget, the capital improvement budget, and the asset management program for Fiscal Year 2025-26 and the next four years thereafter.
RECOMMENDATION:
That the City Commission adopt a resolution setting a public hearing to declare its intention to adopt a capital improvement budget, which includes an asset management program, for Fiscal Year 2025-26 and the next four years thereafter.
FISCAL IMPACT:
The Capital Improvement Program (CIP) and Asset Management Program for Fiscal Year 2025-26 totals $27,868,481, which is part of the total proposed Fiscal Year 2025-26 budget, which is balanced at $147,883,443.
Prepared by: Diane Reichard, Chief Financial Officer