Pembroke Park approves FY2025-26 budget; finance director outlines capital needs and transparency improvements
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Summary
The commission unanimously adopted the town’s final budget for Oct. 1, 2025–Sept. 30, 2026 (Resolution 2025047). Finance Director James Daverman presented line-by-line general ledger detail, a planned five-year trend template, capital-project categorizations and timelines for closing purchase orders and state upload.
The Town of Pembroke Park Commission unanimously approved the final budget for fiscal year 2025-26 Wednesday, adopting Resolution 2025047. Finance Director James Daverman presented a detailed packet that, he said, adds transparency with general ledger breakdowns and a forthcoming five-year trend template.
Daverman told commissioners the general fund for the fiscal year is $20,192,889 and that the town expects roughly $19,700,000 in general-fund revenues. He described departmental line-item detail by general ledger code and said the document will be expanded to show five-year trends dating back to 2021 before the packet is uploaded on Sept. 30.
Daverman reviewed capital projects and said staff split capital items into two categories: projects with funds budgeted and ready for immediate work, and projects that are identified but not yet funded. He reported roughly $10 million in projects ready to start and about $17 million in additional projects pending funding — described in the presentation as approximately $12 million of sewer projects and $5 million of stormwater projects — and said the town will pursue financing, grants or other funding for the latter group.
On operating and other funds, Daverman presented figures including just under $1 million for the building fund, $4.4 million for stormwater and $3.9 million for sewer. He said overall the budget represents an increase of $498,205, about 5% more than the prior year’s spending.
Daverman also said the town’s credit profile had not changed; he noted a recent $600,000 purchase (a vac truck) financed at roughly 2% interest and that the town had submitted required financial statements to lenders. He told commissioners he would work with the town clerk to ensure required state filings with the Florida Department of Revenue and other agencies are completed and that purchase orders with activity through the fiscal year will be closed out or rolled forward as appropriate by Sept. 29.
During public comment, resident David Roche praised the finance director’s presentation and responsiveness: “I have never ever had this kind of a presentation to where if there was any problems or anything, the next meeting, he had it taken care of,” Roche said, adding he has lived in the town since 1971.
Commissioners then voted by roll call to adopt Resolution 2025047; the motion passed unanimously.
Daverman closed by saying the numbers had been verified and that the town would upload final documents on Sept. 30 and continue work to close fiscal year 2024-25 transactions.
