Budget and Finance Committee Meeting
The committee reviewed the performance of Raymond James investment accounts and discussed potential reallocation strategies for bond investments. They also conducted an investment policy review and evaluated whether to accrue or utilize investment income given the projected 2027 budget deficit. An update was provided on the 2025 audit status, noting that the regular audit is near completion. The meeting included a detailed overview of the proposed 2027 draft budget, focusing on personnel costs, healthcare service coverage, and various program budgets. Significant projected budget changes were discussed, including the potential implementation of a new phone system, capital improvements for office space, the creation of a new Stormwater Engineer position, and a 2027 funding forecast anticipating reduced grant revenue.