TO: Mayor and Commissioners
FROM: Henry Dachowitz, Chief Financial Officer
THROUGH: Terrence R. Moore, ICMA-CM
DATE: April 21, 2026
Title
RESOLUTION NO. 77-26 AMENDING THE FISCAL YEAR 2025-26 BUDGET ADOPTED BY RESOLUTION NO.198-25 ON SEPTEMBER 15, 2025.
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Recommended Action:
Recommendation
Motion to Approve Resolution No.77-26 amending the Fiscal Year 2025-26 budget adopted on September 15, 2025.
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Background:
The purpose of this request is to amend the adopted Fiscal Year (FY) 2025-26 budget to account for items that were not anticipated, or measurable at the time of original budget adoption. Per Florida State Statute (FSS) 166.241, the City’s Adopted Budget may be revised with a Budget Amendment approved by the City Commission. Provided below is a summary of the budget changes staff is recommending. The attached Resolution and Exhibit A provides details of the proposed changes.
Encumbrances $90,970,579.23
Carry-forward encumbrances budgeted for goods and services in the prior fiscal year for which a contract or purchase order was issued but has not been either received or paid in full prior to September 30, 2025. Encumbered amounts must be brought forward so the goods and services are received and paid. Staff requests to increase FY2025-2026 revenue and expenditure budgets across various funds totaling $90,970,579.23. The attached Exhibit A 77-26 Purchase Order Rollovers 04.21.2026 provides details of the proposed changes.
Capital Project Appropriations $11,168,493.80
Carry-forward unused Capital Improvement Plan appropriations from FY2024-25 which lapsed as of September 30, 2025. Appropriation amounts need to be re-appropriated for FY2025-26 for ongoing projects. Staff requests to increase FY2025-2026 CIP project revenue and expenditure budgets across various funds totaling $11,168,493.80. The attached Exhibit A 77-26 CIP Project Balance Rollover - Final provides details of the proposed changes.
General Fu...
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