10. MANAGEMENT REPORTS

City Council · 2026-06-02 · agenda_item

The City of West Melbourne is reporting on its budget status for the second quarter of Fiscal Year 2026. Director Smith presented financial details for various city funds, including the General Fund, Stormwater Fund, Water Fund, and Wastewater Fund. Significant construction projects are underway, leading to encumbrances in the Water and Wastewater funds. The city anticipates increased construction activity invoices in the third quarter. This report indicates that while the city's finances are generally in a good position, major construction projects are a key factor in current budget figures. The scope of work involves ongoing and anticipated construction projects across multiple city utility and general funds. This includes site preparation, utility work, and vertical construction, with potential for increased activity in the coming months. Contractors, suppliers, and service providers in construction and related trades should monitor future announcements regarding specific project details and bidding opportunities as these projects progress through their phases.

General Fund revenues

12.2 million

General Fund revenues percentage

61 %

General Fund expenditures

17.7 million

General Fund expenditures percentage

57 %

General Fund actual expenditures

12 million

General Fund actual expenditures percentage

37 %

Stormwater Fund revenues percentage

95 %

Stormwater Fund surplus

73,000

Stormwater Fund expenditures percentage

59 %

Water Fund revenues

25 million

Water Fund revenues percentage

55 %

Water Fund bond proceeds

19 million

Water Fund interest earnings

1 million

Water Fund expenditures budget percentage

137 %

Water Fund actual expenditures percentage

25 %

Wastewater Fund operation and reuse revenue percentage

48 %

Wastewater Fund grants percentage

21 %

Wastewater Fund third quarter projection

3 million to 4 million

Wastewater Fund expenditures budget percentage

131 %

Wastewater Fund actual expenditures percentage

31 %

Overall revenues tracking percentage

53 %

Overall encumbrances and expenditures percentage

107 %

Ethics form due date

July 1