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Tampa CFO outlines $202.2 million carryforward and hurricane reimbursements; Council approves $500,000 for stormwater preparation
Summary
City CFO presented year‑end general-fund balances, outstanding hurricane public-assistance reimbursements and recommended uses for discretionary carryforward. Council approved a $500,000 transfer from FY24 fund balance to stormwater for pre‑season preparation and directed staff to return with priorities for remaining discretionary balances.
Dennis Rohera, chief financial officer, briefed City Council on the city’s fiscal picture from fiscal year 2024 carryforward and on public‑assistance reimbursements tied to the recent hurricanes. Rohera said the city’s audited carryforward figure is $202.2 million and walked council through obligations that reduce discretionary use — the administration’s highest priority being maintenance of the council’s fund‑balance policy.
Rohera said staff anticipates keeping the city’s unassigned fund balance at or above the city policy (historically 20%, with council discussion of a 23% target). At the December presentation staff had estimated roughly $11–12 million would be required to reach the 23% target; Rohera reiterated that maintaining a strong fund balance supports credit ratings and liquidity for…
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