The City Commission held a conference meeting on June 17, 2025, beginning at 1:30 PM. The meeting included a joint budget workshop with the Budget Advisory Board, followed by the regular conference agenda covering communications, old/new business items, and commissioner reports. Key topics included the 10-year financial outlook, Sailboat Bend Vision Plan, mixed-use code updates, code enforcement lien collection, net zero plan next steps, and appointments to the Election Board.
Together let's resume our joint city commission budget workshop. Budget uh uh advisory board workshop. What's that you can't hear me? Can he hear me now? Okay. So a vet uh could you please uh bring us back to the uh absolutely and thank you for making the time this afternoon. So um with me is Kyle Stevens from Santach Consulting. And what Santa does is look at our current financial position and help us determine what we're going to look like over the next 10 years. This information is really intended to help you set the rates at the next meeting, the June 30th meeting. Will you be setting the maximum millage rate in addition to the non-advalorum assessment rates? And so with that, I'll turn it over to Kyle. Hello, Kyle. Good afternoon, Mayor and Commissioners. Um thank you for making time to go through this information as you Yvette mentioned. Um really what we're trying to do here is dovetail with the conversations that you've been having today with regards to taking the fiscal year 26 budget and providing that snapshot going forward of the next five or ten years and the dynamics that are in play with regards to ongoing sustainability. We'll be covering eight funds today. Um and feel free to ask questions as we go through if there's certain topics you want to dive further in. Uh in this first slide here, I just wanted to tee up why we really do this. And I was mentioning that it's really fundamentally to take a look outside of the budget about items we know about future capital investments or future expenditure commitments that we have, integrate those into the model so that we're planning for those. Okay, just one second. This presentation has not been attached to our agenda. Is that correct? I don't see it. Is it exhibit one? Is that business too? Oh, a business too. It's under the joint workshop business too. Got it. Thank you so much. So as I was mentioning, uh big item here is financial sustainability and sensitivity testing, as well as uh really taking into account the current economic conditions that the city operates in. Um it really is a team effort. So we've spent the last few months integrating with staff, including the city manager's office, assistant city managers, department heads to really get the latest and greatest information on the ground with regards to the various funds that I'll cover today. Across all of the funds, there are some common information uh that are included in the analysis, and I'll also highlight as we get to each individual fund the unique observations or planning assumptions that we've made. So 2024 uh unaudited actuals are included in our analysis, the 2025 adopted budget, and the current draft budget as of June 4th. Uh additionally, we've integrated the latest numbers looking for for the community investment plan, which is 2026 through 2030. Uh a key assumption that will go across uh all funds as well will be the new city hall. So that's 10 million dollars that we have currently as a placeholder for that, the majority of that being in the general fund, um, but other funds do have a share of that, and we've also recorded rent reductions when that facility would come online. Rent reduction because we'd be consolidating. Exactly. So within the funds, we put that that order of magnitude estimate in. Got it. And so here are the funds that we'll be covering today. We'll be going through through them in order. Um, typically, if we presented this historically, really concentrated on the first, I'll say three or four as the larger funds that have some of the more dynamic uh investment decisions associated with them. And first we'll go into the general fund and these next two slides. I just want to list the key observations that we've included in this year's modeling. And so what we're looking at, and this has been mentioned today is a full cost recovery of the fire assessment. That would be in fiscal year 21 to six uh $61.8 million dollars over fiscal year 25's uh levels. Uh additionally, we've included placeholders. The city has a past practice of every three years doing a fire assessment study, and we've included 10% increases to represent that true up to full cost recovery over time.