D. Budget Discussion - ADD ON - ATTACHMENT AMENDED

Board of County Commissioners Regular Meeting · 2026-05-05 · agenda_item

This item concerns a discussion and clarification of the County's budget projections, specifically addressing discrepancies noted by the Florida CFO. The discussion involves a review of budget books from FY 2020 and FY 2026, comparing ad valorem tax collections, sub-funds, population growth, and inflation rates. The County staff is working to understand and replicate the CFO's budget calculation methodology. This process is currently under review, with staff seeking further information from the CFO. The work involves detailed financial analysis, data comparison, and potentially developing new budget formulas. This early stage presents an opportunity for local businesses involved in financial consulting, data analysis, and administrative support services to engage with county staff to offer their expertise before final budget methodologies are established. Reaching out now allows businesses to understand the county's needs and potentially influence future service contracts.

millions in growth and taxes

46 million

millions in growth and taxes

123 million

population growth

72,000

population growth percentage

22 %

FTEs based on his presentation

212

base budget year

FY 20

budget year

FY 26

population growth

22.01 %

inflation

25.5 %

population growth

27.38 %

inflation

31.3 %

inflation

27.32 %

general fund revenue

162,006,140

general fund number

285,146,261

General Fund Ad Valorem account

154,932,962

Sub-fund

7,073,178

General Fund

263,723,697

Sub-Fund account

21,422,564

increase

108,790,735

increase percentage

70.22 %

growth

123,140,121

growth percentage

76.01 %

inflation rate

27.32 %

inflation rate

25.5 %

targeted budget

238,975,257

FY26 number

285,146,261

difference

46,171,004

FY20 number

154,932,962

inflation rate

31.3 %

target budget

245,847,624

difference

17,876,073

alternate inflation rate

27.32 %

difference

24,042,405

FTEs

212

FTEs

131.85

FTEs

54

FTEs

80

County FTE

50.4

FTEs

982

population

200,000

FTEs

932

population

400,000

FTEs

800.53

FTEs

932.38

infrastructure and capital investment

49 million

capital and infrastructure

15,817,000

capital investments and infrastructure

19,350,000

investments

14,262,000

growth

46,176,241

population growth

72,452

population growth percentage

22.01 %

FTEs added

212

spending review

17,876,073

growth

108,790,735

growth percentage

70.22 %

population growth

84,675

population growth percentage

27.38 %

FTE added

132

FTEs not from tax money

54

millage rate

3 %

fund balance

23 million

estimated fund balance

92.1 million

actual amount

113 million

difference

21 million

difference related to grants and sub-funds

8 million

difference related to capital projects

8.9 million

difference obligated with restrictions

17 million

unrestricted difference

3.9 million