SUBJECT/RECOMMENDATION:
Title
Adopt Ordinance 9938-26 on second reading, adopting the capital improvement program budget for the fiscal year beginning October 1, 2026 and ending September 30, 2027; approving the six-year capital improvement program which shall be reevaluated at the beginning of each fiscal year; authorizing the City Manager to issue such instructions that are necessary to achieve and accomplish the capital improvements so authorized; authorizing the City Manager to transfer money between projects in the capital improvement program; appropriating available and anticipated resources for the projects identified.
Body
SUMMARY:
In accordance with Chapter 200 of the Florida Statutes and the rules governing Truth in Millage (TRIM) compliance, the City Council must hold two public hearings to adopt the final budget. The adoption of this ordinance and the related ordinances adopting the 2026/27 millage rate and operating budget are an integral part of fulfilling these requirements.
On June 30, 2026, the City Manager provided the City Council with a Preliminary Annual Operating and Capital Improvement Budget that outlined estimates of revenues and expenditures for the 2026/27 fiscal year. The City Manager presented the preliminary budget at the City Council meeting on July 16, 2026, for Council discussion and citizen input. In addition, a Special Budget Work Session was held on August 11, 2026, for Council discussion of the proposed budget.
The following changes have been made to the Preliminary Capital Improvement Budget and are included in the ordinance for adoption of the capital improvement budget.
• The Police Department District 1 Dock Replacement project has been removed from the Capital Improvement Budget. This change is due to the nature of repairs which are related to storm damage. Work is currently underway to repair and will be accounted for in storm related projects.
STRATEGIC PRIORITY:
The budgeting process aligns resource allocation to the advancement of our community in all five strategic priorities: high performing government, economic and housing opportunity, community well-being, environmental stewardship, and superior public service.
