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Winter Haven transfers $1.43 million from surplus to capital fund for Fire Station 5
Summary
The commission approved Ordinance O‑25‑18 transferring $1,433,997 from the general fund surplus to the capital projects fund to support future construction of Fire Station No. 5.
The Winter Haven City Commission adopted Ordinance O‑25‑18 on second reading to transfer $1,433,997 of the fiscal year 2024 general fund surplus to the city's capital projects fund to supplement funding for the future construction of Fire Station No. 5.
City management explained the transfer is permitted under the city's fiscal policy, which requires an unassigned reserve equal to 17% of the general fund's budgeted operating expenditures and allows transfers of amounts in excess of 30% to the capital projects fund when recommended by the city manager and approved by the commission. Staff reported the general fund operated with a $5,160,921 surplus in fiscal year 2024, increasing the unassigned fund balance to $23,788,487; the excess above 30% was reported as $1,433,997.
Staff recommended the transfer to defray project costs and contingencies related to Fire Station No. 5, and the commission adopted the ordinance after a public hearing with no speakers. The ordinance authorizes the transfer; staff said further design and construction phases will return to the commission for future action and appropriation.
