B. Keith Smith Finance Director

City Council · 2026-04-21 · agenda_item

The City of West Melbourne is currently reviewing its financial statements and related reports as of September 30, 2025. This review includes detailed information on governmental and business-type activities, fund financial statements, and notes to the financial statements. The process involves an independent auditor's report on the financial statements. This review is part of the city's ongoing financial management and planning. While no specific construction projects are detailed, the city's financial reports indicate significant activity in capital assets, including ongoing construction of a new water plant and various infrastructure improvements. The city's financial health and planned expenditures could lead to future opportunities for contractors, suppliers, and service providers. Engaging with the city's finance or planning departments early in their review process may provide insights into upcoming needs.

net position

172,936,010 $

net position

56,839,028 $

total net position

14,367,949 $

governmental activities net position increase

3,057,868 $

business-type activities net position increase

11,310,081 $

combined ending fund balances

46,514,861 $

unassigned fund balance

22,543,149 $

total outstanding long-term debt increase

53,387,507 $

Water and Sewer Revenue Bond, Series 2024D issuance

54,055,000 $

population estimate

32,372 people

city area

10.76 square miles

homes permitted

284 homes

millage rate

1.8843