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Neptune Beach CFO outlines draft budget, proposes dedicated funds for town center, IT and fleet
Summary
CFO Jamie presented an overview of the upcoming fiscal-year budget, proposing dedicated enterprise and replacement funds, a target of ~20% cash reserves, and timeline milestones leading to pre-approval and final adoption in September.
CFO Jamie presented the city’s draft budget framework, outlining goals, assumptions and a schedule for council input.
Jamie described the budget as "a quantitative plan reflecting the vision, the strategy and the priorities for the city," and said the process will include a benefits review, revenue and expenditure projections and further capital-improvement planning. She said the city aims to limit General Fund expenditure growth to about 3.5% and to maintain cash reserves around 20% (roughly 2.5 months of operating expenses).
Jamie revi…
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