Sebastian Budget Committee Reviews Q2 Finances

The Sebastian Budget Review Advisory Committee met Monday, May 4, 2026, at City Hall to review financial reports and budget amendments for the second quarter of Fiscal Year 2026. The committee approved the FY 2026 2nd Quarter Financial Report and the FY 2026 2nd Quarter Budget Amendment Report. These documents provide the city's financial standing and budget adjustments for the period.

Members also approved minutes from their February 9, 2026, meeting. That session saw the election of Mr. Napier as Chairperson and Ms. Reed as Vice Chairperson. The committee previously reviewed the FY 2025 4th Quarter Financial Report (CIP Only), addressing hurricane-related claims and FEMA reimbursement. The Finance Director confirmed the reimbursement process was ongoing.

The committee approved the FY 2025 4th Quarter Budget Amendment Report, which detailed adjustments to fund balance reserves. They also approved the FY 2026 1st Quarter Financial Report and its corresponding Budget Amendment Report, noting stable financial conditions. The Finance Director highlighted potential impacts of property tax reform proposals from Tallahassee on city services.

The committee scheduled its next meeting for July 20, 2026. City Hall is located at 1225 Main Street.