C. Restricted Reserves Established by the City Council

City Council Meeting · 2026-06-09 · agenda_item

The City of Clermont is planning to establish restricted reserve funds within its General Fund, Water Fund, Sewer Fund, Stormwater Fund, and Sanitation Fund. These reserves, set at twenty-five percent of each fund's operating expenditures, are intended to ensure public services continue during emergencies like hurricanes. The City Council may also create additional reserves for future major capital projects through the annual budget process. This item is currently under review. The establishment of these reserves will involve financial planning and budgeting processes. While no direct construction is outlined, the reserves are meant to fund future capital projects, which could later involve site preparation, utility work, and construction trades. Local contractors, suppliers, and service providers should monitor future budget adoptions and capital project announcements. Early engagement before specific project bids and permits are finalized could offer a competitive advantage.

reserve percentage

25 percent