Agenda (PDF)

Finance Committee · 2026-05-27 · agenda

[200 East University Avenue, Gainesville, FL 32601] City of Gainesville Finance Committee Agenda for May 27, 2026. The agenda includes approval of minutes from February 25, 2026, and several business discussion items. Key items include the Fiscal Year 2026 Q2 City Investment Performance Report, a third budget amendment to the FY 2026 General Government Financial and Operating Plan Budget, the FY 2026 Second Quarter Budget Monitoring Report, and an update on GRU City Financial Transactions. [City Hall Auditorium, 200 East University Avenue, Gainesville, FL 32601; case 2026-137, 2026-138, 2026-152, 2026-162] City of Gainesville Finance Committee Minutes from February 25, 2026. The committee adopted the agenda, elected Casey Willits as Chair, and approved minutes from the November 17, 2025 meeting. Business discussion items included a second budget amendment to the FY 2026 General Government Financial and Operating Plan Budget, the FY 2026 First Quarter Budget Monitoring Report, an update on GRU/City Financial Transactions, and the FY 2026 Frozen Positions Report. [case 2026-338] City of Gainesville Agenda Item Report for File Number 2026-338, titled 'Fiscal Year 2026 Q2 City Investment Performance Report (B)'. The report presents the performance of the City's Operating/Surplus Funds, General Employees' Pension Plan, Police Officers' and Firefighters' Pension Plan, Retiree Health Insurance Trust Fund, and Evergreen Cemetery Trust Fund for the period ending March 31, 2026. The Finance Committee is recommended to review and accept the report and refer it to the City Commission. [case 2026-354] City of Gainesville Agenda Item Report for File Number 2026-354, titled 'Third Budget Amendment to the FY 2026 General Government Financial and Operating Plan Budget (B)'. This resolution amends the general government budget for the fiscal year beginning October 1, 2025, and ending September 30, 2026, by making certain adjustments. The recommended amendments are funded by increases in revenue appropriations or offset by decreases in expenditures. The Finance Committee is recommended to review the proposed budget amendment resolution and, if acceptable, recommend that the City Commission adopt it. [case 2026-362] City of Gainesville Agenda Item Report for File Number 2026-362, titled 'FY 2026 Second Quarter Budget Monitoring Report with Projections Through September 30, 2026 (B)'. Staff will present the report for the General Fund to the Finance Committee. The report analyzes budget to actual operating revenues and expenses, projecting a $223,599 deficit for the fiscal year due to a reduction in the Government Services Contribution from GRU. The Finance Committee is recommended to receive the report. [case 2026-363] City of Gainesville Agenda Item Report for File Number 2026-363, titled 'Update on GRU City Financial Transactions as of March 31st, 2026 (B)'. The Department of Financial Services will present the status of transfers and service charges between General Government and Gainesville Regional Utilities (GRU) as of March 31st, 2026. Service charges from the second quarter resulted in a balance of $1,155,593 due to GRU, which has been settled. The report will cover Government Services Contribution, Indirect Cost Allocation, Utility Taxes, Stormwater & Solid Waste Fees, and Service Level Agreements. The Finance Committee is recommended to receive a report from Financial Services regarding the second quarter of the fiscal year 2026 balances with General Government and GRU as of March 31, 2026.