Budget

The fundamental purpose of the City's budget is to link what we want to accomplish for the community with the resources necessary to do so. As such, the budget offers more than just financial elements - it presents an overview of the City's total operations. 

The budget is a financial operational plan estimating expenditures for a given period and the proposed means to finance those objectives. The State of Florida requires municipalities to prepare a balanced budget, whereby sufficient resources must be identified to fund programs and services. The fiscal year for all Florida cities begins on October 1 and ends on September 30.

As the year progresses, monitoring of the budget is an ongoing process and monthly status reports are prepared.

Budget Transfers

Operationally, the City functions at a fund-level basis allowing budget transfers within funds for individual line items that exceed the budgeted amount without a formal budget amendment. Budget transfers are used only to transfer appropriations between line items within a fund, not to increase the total budget or to transfer resources between funds. Budget transfers are permitted in accordance with Resolution 2025-19. All budget transfers are performed in the City's accounting systems by the Finance Department. 

Budget Amendments 

Per Florida Statute 166.241, the adopted budget may be revised with a budget amendment approved by City Commission in the same manner in which the budget was adopted. The resolution adopting the annual budget allows the budget to be amended by resolution provided that a corresponding funding source supports any additional expense. Transfers between funds and increases to a fund's total budget are permitted by resolutions adopted by City Commission. Frequently, the budget is amended to record grants awarded to the City or other mid-year activities approved by City Commission. The budget amendment increases or decreases the total amount of the adopted budget of each fund.