During a recent government meeting, officials discussed the financial outlook for various enterprise funds, including the stormwater utility fund, which anticipates a total budget of $5.1 million for the upcoming fiscal year. This budget includes $2.2 million from utility fees, $1.5 million in grants, and a projected carry forward of $1.4 million. The funds will primarily cover debt service from a bond issued in 2021, along with costs for canal maintenance, professional services, and capital projects.

The stormwater utility fund is facing a decline in revenue due to reduced allocations from Miami-Dade County, which has impacted the expected revenue from reus and ERus. The meeting highlighted ongoing projects funded by the American Rescue Plan, with a projected carry forward of $14.1 million, including a reserve of $12.3 million for future allocations.

Additionally, the facility maintenance fund, which supports salaries and operational costs for two staff members, has a total budget of $531,607, funded through various departmental contributions.

Concerns were raised regarding the need for budget cuts, particularly in light of significant reductions made in the previous year. The council is considering temporary measures to address funding gaps, including reallocating $250,000 from a capital account designated for a senior center build-out. This decision is pending as the council awaits further proposals from property owners regarding the project.

The first budget hearing is scheduled for September 12, followed by a second hearing on September 26, where further discussions on these financial matters will continue.