Submitted By: Marcella Hughes
presenter
Presentation By: Peter Brill
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Department: Finance
FORMAL TITLE:
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Budget Resolution 2026-103 to amend the Fiscal Year 2024-25 budget to appropriate funds to support expenditures incurred as a result of Hurricane Milton in the amount of $1,486,524end
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OCALA'S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
On October 5, 2024, Tropical Storm Milton strengthened into a hurricane before making landfall on Florida's Coast. On October 5, 2024, President Joseph R. Biden, Jr. approved an emergency declaration for Florida. On October 5, 2024, Governor Ron DeSantis issued Executive Order 24-214, declaring a statewide emergency due to Hurricane Milton. Furthermore, on October 6, 2024, Marion County requested a declaration of a state of local emergency due to the threat of harm to human life and property from the possible impact of Hurricane Milton.
FINDINGS AND CONCLUSIONS:
The Federal Emergency Management Agency (FEMA) approved the City of Ocala for all reimbursement categories due to Hurricane Milton.
FISCAL IMPACT:
Budget reserves totaling $1,486,524, as detailed below, will be used to support Fiscal Year 2024-25 expenditures caused by Hurricane Milton. The City of Ocala is seeking reimbursement from FEMA and the Florida Department of Emergency Management for the expenses incurred.
Staff recommends and seeks approval of the fund allocations for hurricane-related city expenses as follows:
General Fund $ 366,163
3/4 Mill Fund 6,644
Gas Tax Fund 23,031
Stormwater Utility Fund 57,053
Sanitation Fund 143,756
Water/Sewer Fund 63,455
Electric Fund 739,724
Fiber Fund 86,698
Total Expenditures $1,486,524
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
* Approve with Changes
* Table
* Deny
*
BUDGET RESOLUTION 2026-103
A RESOLUTION AMENDING THE FISCAL YEAR 2024-25 BUDGET TO APPROPRIATE F...
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