Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budget topic
No spam. Unsubscribe anytime.
Miami Beach approves FY25–26 budget rollovers and sets surplus in reserves
Summary
The City Commission unanimously approved amendments rolling over unspent FY25 dollars into FY26, allocating specific sums to reserves and parks PAYGO, and waiving the usual transfer-to-capital policy so the remainder of a $28 million surplus can be set aside for later decisions.
The City of Miami Beach Commission on a special session approved a package of amendments to the fiscal-year 2025 and 2026 operating budgets, rolling unspent funds forward and setting aside most of a reported $28,000,000 surplus for later action.
City staff told the commission the city had a $28 million surplus and recommended rolling $9,900,000 in uncompleted FY25 expenditures into the FY26 budget; setting aside approximately $3.45 million to fully fund FY26 general fund reserves; transferring $1,180,000 of parks surplus intended for golf-course renovation into the PAYGO fund; and waiving the city policy that would automatically move the remaining $13,400,000 to capital, instead keeping it in general reserves until December when specific spending resolutions will be considered.
"This should be a pretty quick meeting. This is a housekeeping item that we do annually," an unidentified city staff presenter said as the commission moved through the rollover recommendations.
The commission approved the measures in a series of motions. R7A, the ninth amendment to the FY2025 operating budget, passed by voice vote recorded as 7–0. Subsequent related items — including rollovers and first amendments for FY2026 across general and special funds and separate actions for the City Center RDA and North Beach CRA — were moved and seconded by commissioners and recorded as approved by 5–0 votes where noted.
Commissioners did not request extended discussion on the items during the special session; staff said the detailed use of the set-aside surplus would be addressed in December, when a number of specific spending resolutions are expected. No new programs, ordinance adoptions, or budget allocations beyond the rollovers and reserve actions were adopted during the session.
The meeting was limited in scope under a city-code provision cited by City Attorney Ricardo J. Dopico and state statute, which staff said restrict such meetings between the general election and any runoff to election- or emergency-related business; the attorney said the session had been deemed an emergency to permit consideration of these budget items.
