TO: Honorable Mayor & Members of the North Port Commission
FROM: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager
TITLE: Discussion and Possible Direction Regarding Fiscal Year 2026-2027 Budget Assumptions, Financial Projections, and Strategic Priorities.
Recommended Action
Option 1: Discussion and possible direction regarding Fiscal Year 2026-2027 budget assumptions, financial projections, and strategic priorities.
City Commission Options
Option 1: Discussion and possible direction regarding Fiscal Year 2026-2027 budget assumptions, financial projections, and strategic priorities.
* Pros: Providing general budget direction allows staff to move forward efficiently with budget development while giving high-level guidance without requiring immediate policy decisions.
* Cons: This option offers limited detail, which may lead to differing interpretations of priorities and could require adjustments later in the budget process.
Option 2: Provide no direction regarding Fiscal Year 2026-2027 budget assumptions, financial projections, and strategic priorities.
* Pros: Provides flexibility until more revenue data is finalized and allows additional time for consideration and public input.
* Cons: Creates uncertainty for staff during budget development, which could result in larger adjustments and compressed timelines later in the budget process.
Background Information
As part of the upcoming Fiscal Year 2026-2027 budget process, staff is presenting preliminary information on the preparation of the annual budget. Staff are also seeking input from the City Commission on priorities to guide the budget development process. Based on this input, staff will begin preparing the City Manager's Proposed Budget and the Capital Improvement Program.
Strategic Plan Pillar
Good Governance
Financial Impact
Not applicable.
Procurement
Not applicable.
Attachments:
1. 10-Year CIP Summary and Detail
Prepared by: Tiffany Fowler, Accountant III
Department Director: Ir...
Click here for full text