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Cocoa finance director flags insurance and revenue uncertainty as council weighs 2026 priorities and federal requests
Summary
City finance staff told the council the city’s consolidated assigned fund balance is about $20 million and warned of an uncertain budget outlook driven by projected insurance cost increases and other revenue variables while staff advanced state and federal project priority requests.
City finance staff told the Cocoa City Council that early figures for the 2026 budget process show a consolidated assigned fund balance of about $20 million and several areas of uncertainty that could affect next year’s budget.
Finance Director (Mrs. Bowman) said she consolidated assigned fund‑balance line items into a single presentation number that will appear in the audited financial statements. She said an item previously shown as a $3 million earmark for early debt repayment was shifted within the assigned balances and that the total fund balance did not change. “I merely moved the $3,000,000 from an individual line into the line that says assigned fund balance, and I didn't change the total fund balance,” she told the council.
Mrs. Bowman briefed councilors on revenue assumptions used in early drafts: a conservative…
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