City Council: April 2026
City of West Melbourne
9. CITY COUNCIL REPORTS
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
9. CITY COUNCIL REPORTS *
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
9. Compensated Absences
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
9. Compensated Absences (Continued)
This item concerns the City of West Melbourne's policy for compensated absences, specifically how sick leave is used and how the city accounts for its financial liability related to employee absences. The city uses a last-in, first-out method for sick hours, drawing from current year balances before using banked hours. The financial liability is calculated using current pay rates and includes related taxes. This policy is currently under review by the City Council. The review process may involve financial analysis and policy adjustments. Businesses that provide financial consulting, accounting services, or legal advice related to public sector finance and human resources may find opportunities to engage with the city during this review period. Early engagement could allow providers to offer insights before final decisions are made.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
A. Approve the Regular City Council Meeting Minutes of April 7, 2026.
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
A. Deposits and Investments
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
A. Deposits and Investments (Continued)
This public notice concerns a review of the City of West Melbourne's investment policies, specifically focusing on concentration risk. The review is planned and currently under consideration by the City Council. The agenda item discusses disclosures required by GASB Codification regarding investments in any single issuer that exceeds five percent of total investments. The City's current investment policy does not address this concentration risk, although the Police Officers' Pension Plan has its own restrictions. This review is an early stage in the public process. The work involved is administrative and analytical, focusing on policy review and potential updates. No construction or direct service work is indicated at this time. Local businesses in financial consulting, legal services, and accounting may find opportunities to engage with the city as this policy review progresses.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
A. Deposits and Investments (Continued)
This item concerns the City of West Melbourne's financial reporting standards for measuring fair value, specifically referencing GASB Codification Section 3100. It outlines a framework for valuing assets and liabilities based on a hierarchy of input sources, from readily available market prices to unobservable data. The city is reviewing these standards to ensure accurate financial statements. This review is currently under consideration by the City Council. While no physical construction is involved, this process may lead to future needs for financial consulting, accounting services, and potentially legal review related to financial regulations. Businesses specializing in financial advisory and legal services could find opportunities to support the city in understanding and implementing these reporting requirements as the review progresses.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
A. Deposits and Investments (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
A. Deposits and Investments (Continued)
This agenda item discusses the City of West Melbourne's investments, specifically focusing on how mutual funds, fixed income funds, real estate funds, and alternative funds are valued. It details the methods used for determining fair value, including the use of quoted market prices and net asset value (NAV). The item includes specific figures for real estate funds totaling $2,340,861 and alternative funds totaling $1,319,072, with details on redemption frequency and notice periods. This information is part of the city's financial statements and is currently under review as part of a council meeting. While this item does not describe a construction project, it relates to financial management and investment oversight. Businesses involved in financial services, investment management, and accounting may find this information relevant for understanding the city's financial activities and potential future needs.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
A. Five-Year Capital Improvement Plan
The City of West Melbourne is considering an update to its Five-Year Capital Improvement Plan. This plan outlines future city projects and investments over the next five years. The City Council is expected to approve the second reading of Ordinance No. 2026-06, which details these updates. This plan will guide upcoming infrastructure and public works projects. Local contractors, trades, suppliers, and service providers should monitor the plan's progress for potential future opportunities. Early engagement with city planning departments could provide insight into upcoming needs and project timelines.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
A. Norfolk Parkway Improvements
The City of West Melbourne is planning improvements to Norfolk Parkway. This project is currently under review and has a planned timeline. The city council will receive an update and adopt an improvement plan and timeline benchmarks. This project will likely involve site clearing and grading, underground utility work, and road paving. Contractors, suppliers, and service providers in site preparation, grading, paving, and utility work may find opportunities. Reaching out early before final plans and permits are set could provide an advantage.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
- Address:
- Norfolk Parkway
A. Reporting Entity
This agenda item concerns the City of West Melbourne's financial reporting and its component units, specifically the West Melbourne-Brevard County Joint Community Redevelopment Agency (CRA). The CRA was established in 2013 to use property tax revenues within its designated area to fund development. It is reported as part of the City's finances because its board is mainly composed of City Council members. The item is currently under review as part of the City's financial statement notes. This process involves accounting and financial reporting, with no direct construction or development work currently outlined. Businesses involved in financial services, accounting, and legal services related to municipal finance may find opportunities. Early engagement with the city's finance department could provide insights into future needs.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
- Address:
- 2240 Minton Road, West Melbourne, Florida 32904
B. Annual Comprehensive Financial Report
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
B. Government-Wide and Fund Financial Statements
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
B. Keith Smith Finance Director
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.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
- Address:
- 2240 Minton Road, West Melbourne, Florida, 32904
B. Keith Smith, Finance Director
The City of West Melbourne is reviewing its Annual Comprehensive Financial Report (ACFR) for the fiscal year ending September 30, 2025. This report details the city's financial performance, including increases in net position for the overall city and the Water and Sewer Enterprise Fund. The report also outlines planned uses of fund balance for future capital needs, such as the Council Chambers project, Public Works Administration building, and community redevelopment projects. The city's independent auditors, Carr, Riggs & Ingram, LLC, have completed their audit and issued an unmodified opinion. This item is currently under review by the City Council, with a recommendation to receive and file the report. While this is a financial reporting item, the mention of planned capital initiatives and ongoing construction activity within the Water and Sewer Enterprise Fund suggests potential future opportunities for contractors, suppliers, and service providers involved in infrastructure and construction projects. Early engagement with city planning departments could provide insights into upcoming needs.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
C. Measurement Focus, Basis of Accounting and Financial Statement Presentation
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued)
This agenda item concerns the City of West Melbourne's accounting policies, specifically focusing on measurement, basis of accounting, and financial statement presentation. It details how the city records revenues and expenditures, including property taxes, sales taxes, and grants, under accrual accounting. The document outlines the reporting for governmental activities, business-type activities, and fiduciary funds, noting how interfund activity is handled. This review is currently under consideration by the City Council. While no direct construction is outlined, understanding these financial policies is crucial for contractors, suppliers, and service providers who will engage with the city on future projects. Early engagement with city finance departments and project managers can provide insights into procurement processes and financial readiness for upcoming civic infrastructure and development work. This proactive approach can help businesses align their services with the city's fiscal planning.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued)
This agenda item concerns the City of West Melbourne's financial reporting structure, specifically focusing on measurement, accounting basis, and financial statement presentation. It details how the city categorizes and reports on its various funds, including governmental, proprietary, and fiduciary funds. The item outlines the major funds such as the General Fund, the West Melbourne-Brevard County Joint Community Redevelopment Agency Fund, the American Rescue Plan Act (ARPA) Fund, the Stormwater Fund, and the Water and Sewer Fund. It also mentions the Police Officers’ Pension Trust Fund. This discussion is part of the city's financial statement notes and is currently under review as part of a council meeting. While no direct construction is detailed, the mention of the ARPA Fund for water and sewer infrastructure improvements and the Stormwater Fund for system maintenance and improvement suggests potential future needs for utility contractors, civil engineers, and material suppliers. Businesses interested in these sectors should monitor future city announcements regarding specific projects that may arise from these financial planning discussions.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued)
This agenda item concerns the City of West Melbourne's financial reporting practices, specifically focusing on how inter-fund transactions and balances are presented in governmental and business-type activities. The city is reviewing its methods for accounting for activities between different funds, such as special revenue and capital projects funds, and how these are reported in both fund financial statements and government-wide financial statements. This review includes how residual balances, due from/to other funds, and advances to/from other funds are handled, as well as the elimination of certain balances and transfers between funds. The city is also disclosing budgetary information in the notes to its required supplementary information. This item is currently under review by the City Council. The work involves financial analysis, accounting adjustments, and reporting preparation, which may lead to opportunities for accounting professionals and financial consultants to provide services related to governmental accounting standards and financial statement preparation. Early engagement could be beneficial as the city refines its financial presentation processes.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
C. Police Chief Confirmation
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
City Council Workshop and Regular Meeting of April 21, 2026 minutes 2026-04-21
[Norfolk Parkway and Shallow Creek Boulevard intersection; Norfolk Parkway and Minton Road; Norfolk Parkway for Pineapple Cove Classical Academy; Norfolk Parkway expansion between Minton Road and western boundary of West Melbourne; Hammock Lakes Park northern entrance; case Ordinance No. 2026-06] The City Council held a workshop and regular meeting on April 21, 2026. Key discussions included refining budget priorities, approving the Five-Year Capital Improvement Plan (Ordinance No. 2026-06), and discussing Norfolk Parkway Improvements. The meeting also covered the Annual Comprehensive Financial Report and confirmed Michelle DiGiorgio as the new Police Chief. An easement agreement for Hammock Lakes Park was authorized.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Minutes
- Decision:
- Approved
- Address:
- Norfolk Parkway and Shallow Creek Boulevard intersection; Norfolk Parkway and Minton Road; Norfolk Parkway for Pineapple Cove Classical Academy; Norfolk Parkway expansion between Minton Road and western boundary of West Melbourne; Hammock Lakes Park northern entrance
- Applicant:
- D.R. Horton; Hammock Lakes Homeowners Association of Brevard, Inc.
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
D. Hammock Lakes Park Easement Agreement
The City of West Melbourne is considering an easement agreement with the Hammock Lakes Homeowners Association of Brevard, Inc. This agreement would grant the City an easement for a portion of the HOA's property, which is next to the existing Hammock Lakes Park. The City Manager is recommended to be authorized to sign this agreement. This item is currently under review by the City Council. If approved, the agreement would involve legal services for drafting and executing the easement, and potentially site surveying or boundary verification. Early engagement with legal professionals specializing in real estate and municipal agreements could be beneficial as this item progresses through the review process.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
- Applicant:
- Hammock Lakes Homeowners Association of Brevard, Inc.
E. Assets, Deferred Outflows, Liabilities, Deferred Inflows and Net Position or Equity (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
E. Interfund Receivables, Payables and Transfers
This agenda item concerns interfund transfers for the City of West Melbourne, Brevard. The city is planning to move funds between different city accounts to cover future vehicle replacements and current infrastructure improvements. Specifically, transfers are planned from the General Fund and Water and Sewer Fund to the Vehicle Replacement Fund. Additionally, funds will be moved from the ARPA Special Revenue Fund to the Water and Sewer Fund for infrastructure, and from the General Fund to the Stormwater Fund. This item is currently under review by the City Council. The scope of work involves financial planning and accounting for these transfers, which will support future capital purchases and infrastructure projects. Businesses involved in financial services, accounting, and potentially construction or vehicle supply could be impacted as these transfers enable future spending. Early engagement with city finance departments could provide insight into upcoming needs.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
F. Long-Term Debt and Liabilities
The City of West Melbourne is reviewing the use of revenue bonds to fund capital projects and refinance existing debt. These bonds are backed by the revenue from the city's water and sewer system. This review is currently under consideration, indicating an early stage in the public process. If approved, the city could undertake projects involving the construction or upgrade of water and sewer infrastructure. This work might include site preparation, underground utility installation, and potentially new construction or system improvements. Local contractors, trades, suppliers, and service providers are encouraged to monitor this process. Engaging early, before final plans and permits are issued, could offer an advantage in securing future work related to these potential infrastructure developments.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
F. Long-Term Debt and Liabilities (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
F. Long-Term Debt and Liabilities (Continued)
The City of West Melbourne is reviewing its long-term debt and liabilities, specifically focusing on outstanding revenue bonds for business-type activities. This includes the Water and Sewer Revenue Refunding Bonds, Series 2014, with a remaining balance of $515,300, and the Water and Sewer Revenue Bonds, Series 2024D, with a remaining balance of $54,055,000. The Series 2014 bonds mature in October 2026, while the Series 2024D bonds mature in October 2054 and were issued to finance capital projects. The city is also managing a contract termination payable related to an interlocal agreement for water services, with a remaining liability of $1,250,000 being paid in installments through 2027. This item is currently under review as part of the city's financial reporting. The ongoing management of these bonds and liabilities may involve future financial planning, consulting, and potentially capital project work related to water and sewer infrastructure. Contractors, suppliers, and service providers in the utility and finance sectors should monitor future city announcements for potential opportunities as these financial instruments are managed and capital projects are planned.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
F. Long-Term Debt and Liabilities (Continued)
This item concerns the City of West Melbourne's long-term debt obligations related to its water and sewer revenue bonds. Specifically, it details the annual debt service requirements for the Water and Sewer Revenue Refunding Bonds, Series 2014, and the Water and Sewer Revenue Bonds, Series 2024D, through September 30, 2025. The information includes principal and interest payments due for upcoming years, as well as pledged revenues supporting these bonds. This is a financial review item, not a new project initiation. Therefore, there is no direct construction work or new development described at this time. Local contractors, suppliers, and service providers should monitor future city financial reports and agenda items for potential infrastructure projects or bond issuances that may arise from these financial obligations.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
F. Long-Term Debt and Liabilities (Continued)
The City of West Melbourne is reviewing its long-term debt and liabilities, specifically focusing on pledged revenues for water and sewer debt. This includes the Water and Sewer Series 2024D, which has a principal amount of $97,402,650 and matures in 2054. The city also has lease agreements for police vehicles and office equipment, with future payments totaling $25,934 through 2028. Additionally, the city has agreements for cell tower space expiring in 2031. This review is part of the city's ongoing financial planning and is currently under review. The work related to this item involves financial reporting and debt management, with potential future needs for financial services, legal counsel, and administrative support. Businesses specializing in financial consulting, legal services, and administrative support could find opportunities by engaging with the city early in its review process.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
G. Net Investment in Capital Assets
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans (Continued)
This agenda item concerns the City of West Melbourne's employee retirement plans, specifically defined benefit plans and the Florida Retirement System. It details financial figures related to deferred outflows and inflows of resources, differences between expected and actual experiences, changes in assumptions, and investment earnings. The item is currently under review by the City Council. The financial reporting and actuarial valuations presented will inform future financial decisions and potential adjustments to the city's pension obligations. This process may involve financial analysts, actuaries, and accounting professionals. Early engagement with city finance departments could provide insights into upcoming needs.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans (Continued)
This notice concerns the City of West Melbourne's employee retirement plans, specifically defined benefit plans and the Florida Retirement System. The city is reviewing key actuarial assumptions for these plans, including inflation rates, payroll growth, investment return rates, and discount rates. These assumptions are based on actuarial experience studies and forward-looking capital market economic models. The review process involves analyzing mortality assumptions and updating discount rates. This item is currently under review by the City Council. The work involves actuarial analysis, financial modeling, and potentially adjustments to retirement plan funding. Local businesses specializing in actuarial services, financial consulting, and government accounting could find opportunities related to this ongoing review.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans (Continued)
This item concerns the City of West Melbourne's Police Officers' Pension Plan. The plan details supplemental benefits for members hired before January 1, 2011, and a share plan with allocations for members based on years of service. These allocations are funded by state monies and impact the city's contribution requirements. The plan's investment policy targets various asset classes, including domestic equity, fixed income, and real estate. The agenda item is currently under review by the City Council. While no new construction is described, the financial management and investment policies of the pension plan may involve financial services, investment advisors, and potentially real estate or other investment-related service providers. Businesses specializing in financial planning, investment management, and actuarial services could find this information relevant as the city manages its retirement obligations.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans (Continued)
City Council listed this item on its agenda for 2026-04-21 in City of West Melbourne. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans {Continued)
This item concerns the City of West Melbourne's employee retirement plans, specifically defined benefit plans and the Florida Retirement System. It details the asset allocation, expected returns, inflation assumptions, and discount rates used for financial reporting. The information presented includes a sensitivity analysis showing how changes in the discount rate could affect the city's net pension liability. This is a financial reporting and actuarial review item, not a construction project. Therefore, there are no direct construction or trade opportunities at this time. Businesses involved in financial planning, accounting, or actuarial services may find this information relevant for understanding the city's financial obligations.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
I. Employee Retirement Plans - Defined Benefit Plans {Continued)
This item concerns changes to the City of West Melbourne's Police Officers' Pension Plan. The plan's actuarial assumptions have been updated, including mortality rates and a decrease in the investment return assumption from 6.55% to 6.35%. The discount rate used for pension liability is now 6.35%. These changes are based on actuarial valuations and state law requirements. The plan is currently under review for these adjustments. This process involves actuarial analysis and financial reporting, with no direct construction or physical work indicated at this stage. Local businesses in financial services, accounting, and legal fields may find opportunities related to ongoing financial management and compliance.
- Board:
- City Council
- Date:
- 2026-04-21
- Type:
- Agenda_item
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