A Commitment to the Basics

Efficient City Government

Planning for emergency funds is perhaps not the most interesting part of the budget process but it is extremely important for city government to be prepared. Over the last two years, hurricanes have significantly impacted communities throughout Florida and throughout parts of our nation. Given the threat hurricanes pose to our community, the city began a new emergency reserve policy in fiscal year 2006. We established a goal of $15 million and each year we will dedicate dollars to achieving that goal. Last year, we dedicated $3 million and this year we are increasing this reserve by $5 million, for a total of $8 million. This reserve fund is in addition to continuing to set aside nearly $8.3 million in general fund and utility tax contingencies and reserves. In the event of a catastrophic event we want to be prepared to immediately address the needs of our residents.