HomeMy WebLinkAboutResolution 2026-34113RESOLUTION NO 2026-34113
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ADOPTING THE SECOND AMENDMENT TO THE
GENERAL FUND, ENTERPRISE FUNDS, INTERNAL SERVICE FUNDS, AND
SPECIAL REVENUE FUNDS BUDGETS FOR FISCAL YEAR 2026 AS SET
FORTH IN THIS RESOLUTION AND IN THE ATTACHED EXHIBIT "A."
WHEREAS, the budgets for the General Fund, Enterprise Funds, Internal Service Funds,
and Special Revenue Funds for Fiscal Year (FY) 2026 were adopted by the Mayor and City
Commission on September 30, 2025, through Resolution No. 2025-33945; and
WHEREAS, the First Amendment to the General Fund, Enterprise Funds, Internal Service
Funds, and Special Revenue Funds budgets for FY 2026 was adopted by the Mayor and City
Commission on November 20, 2025, through Resolution No. 2025-33954; and
WHEREAS, at the September 30, 2025 City Commission meeting, the Mayor and City
Commission directed the Administration to develop a plan to distribute $11,000,000 of the
projected FY 2025 year-end General Fund surplus to residents; and
WHEREAS, at the November 20, 2025 City Commission meeting, the Mayor and City
Commission, through Resolution No. 2025-33952, approved setting aside $13,437,000 for future
commitments, pending Commission direction, which represented the remaining preliminary FY
2025 General Fund year-end surplus; and
WHEREAS, on December 17, 2025, the Mayor and City Commission, through Resolution
No. 2025-34050, approved the Miami Beach Homestead Relief Program and funding in the
amount of $7,047,500 for this program to provide a one-time $500 payment to each of the 14,095
qualified homesteaded parcels as of January 2, 2025, listed in the tax roll provided by the Miami -
Dade Property Appraiser's Office on October 6, 2025, which excludes 11 parcels noted as vacant
land and vacant extra features other than parking (limited to one payment per parcel), as well as
the acquisition of the property at 7605 Collins Avenue for general municipal purposes from the
Building Department; and
WHEREAS, in addition to the program ($7,047,500) and property acquisition costs
($6,521,000) that total $13,568,500 (rounded up to $13,569,000 for budget purposes), additional
expenditures totaling $21,000 associated with the approved Miami Beach Homestead Relief
Program comprised of $10,000 for the purchase and printing of the checks by the Finance
Department and $11,000 in postage costs to be incurred by Central Services that will be
reimbursed by the Finance Department for mailing of the checks are anticipated; and
WHEREAS, this proposed FY 2026 budget amendment seeks to, therefore, appropriate
$13,589,500 (rounded up to $13,590,000 for budget purposes) in the FY 2026 General Fund
budget from the preliminary FY 2025 year-end General Fund surplus of $13,437,000 that was set
aside for future commitments plus $153,000 from General Fund reserves, in order to fully
implement the directives that were adopted by the Mayor and City Commission on December 17,
2025; and
WHEREAS, in addition, the City of Miami Beach has received a $10,000 grant donation
from the Barry S. Sternlicht Foundation which is proposed to be appropriated in the Office of the
Mayor and City Commission's FY 2026 General Fund operating budget for the purpose of
supporting senior citizens' programming and activities within the City.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that, following a duly noticed public
hearing on February 5, 2026, the Mayor and City Commission hereby adopt the Second
Amendment to the FY 2026 General Fund, Enterprise Funds, Internal Services Funds, and
Special Revenue Funds budgets as set forth in this Resolution and in the attached Exhibit "A."
PASSED and ADOPTED this S day of
ATTEST:
-3//, FEB 0 9 2026
/
Rafael E. Granado, City Clerk
r-ebruary .2026.
Steven Meiner, Mayor
APPROVED AS TO
FORM & LANGUAGE
& FOR EXECUTION
-0-0
City Attomey
Date
K
Exhibit "A"
GENERAL FUND
REVENUES
Operating Revenues
Ad Valorem Taxes
Ad Valorem- Capital Renewal & Repl.
Ad Valorem- Pay -As -You -Capital
Other Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines & Forfeits
Interest Earnings
Rents & Leases
Miscellaneous
ResortTax Contribution
Other Non -Operating Revenue
Use of General Fund Reserves/Prior Year Surplus
Total General Fund
APPROPRIATIONS
Department
Mayor and Commission
City Attorney
City Clerk
City Manager
Finance
Human Resources
Marketing and Communications
Office of Management and Budget
Procurement
Code Compliance
Economic Development
Housing & Community Services
Planning
Tourism and Culture
Capital Improvement Projects
Environment & Sustainability
Facilities Management
Parks & Recreation
Public Works
Fire
Police
Citywide Accounts (Net of Transfers)
Subtotal General Fund
TRANSFERS
Capital Reserve
Information & Technology Tech
Pay -As -You -Go Capital
General Fund Reserve
Budget Stabilization
Capital Renewal & Replacement
Education Initiatives
Streets and Sidewalk Renewal & Replacement
Sanitation
Transportation & Mobility
Subtotal Transfers
Total General Fund
FY 2026 2nd Budget FY 2026
Amended Budget Amendment Revised Budget
$ 288,381,500
$
288,381,500
$ 4,656,000
$
4,656,000
$ 5,891,000
$
5,891,000
$ 28,947,000
$
28,947,000
$ 26,765,000
$
26,765,000
$ 13,132,000
$
13,132,000
$ 17,990,000
$
17,990,000
$ 2,105,000
$
2,105,000
$ 8,108,000
$
8,108,000
$ 9,378,000
$
9,378,OD0
$ 16,869,500 $
10,000 $
16,879,500
$ 41,247,000
$
41,247,000
$ 15,067,000
$
15,067,000
$ 13,907,000 $
13,590,000 $
27,497,000
$ 492,444,000 $
13,60 ,000 $
506,044,000
FY 2026 2nd Budget FY 2026
Amended Budget Amendment Revised Budget
$ 4,283,000
$ 10,000
$ 4,293,000
$ 9,027,000
$ 9,027,000
$ 3,001,000
$ 3,001,000
$ 4,199,500
$ 4,199,500
$ 9,030,000
$ 21,000
$ 9,051,OD0
$ 3,625,000
$ 3,625,000
$ 3,276,000
$ 3,276,000
$ 1,936,000
$ 1,936,000
$ 3,484,000
$ 3,484,000
$ 7,571,000
$ 7,571,000
$ 3,032,000
$ 3,032,000
$ 6,313,000
$ 6,313,000
$ 6,274,000
$ 6,274,000
$ 4,185,000
$ 4,185,000
$ 6,461,000
$ 6,461,000
$ 2,574,000
$ 2,574,000
$ 5,021,000
$ 5,021,000
$ 52,114,000
$ 52,114,000
$ 19,367,000
$ 19,367,000
$ 134,079,000
$ 134,079,000
$ 167,132,000
$ 167,132,000
$ 12,376,000
$ 7,048,000
$ 19,424,000
$ 468,360,500
$ 7,079,000
$ 475,439,500
$ 978,000
$
978,000
$ 300,000
$
300,000
$ 11,234,000 $
6,521,000 $
17,755,000
$ 3,128,000
$
3,128,000
$ 113,500
$
113,500
$ 5,760,000
$
5,760,000
S 1,951,000
$
1,951,000
$ 360,000
$
360,000
$ 120,000
$
120,000
$ 139,000
$
139,000
$ 24,093,500 $
6,521,000 $
30,604,500
$ 492,444,000 $ 13,600,000 $ 506,044,000
Exhibit "A"
FY 2026
2nd Budget
FY 2026
ENTERPRISE FUNDS
Amended Budget
Amendment
Revised Budget
REVENUE/APPROPRIATIONS
Building
$
21,852,000
$
21,852,000
Convention Center
$
48,265,000
$
48,265,000
Parking
$
58,236,000
$
58,236,000
Sanitation
$
29,133,000
$
29,133,000
Water
$
51,934,000
$
51,934,000
Sewer
$
70,806,000
$
70,806,000
Stormwater
$
42,660,000
$
42,660,000
Total Enterprise Funds
$
322,886,000 $
-
$
32Z886,000
FY 2026
2nd Budget
FY 2026
INTERNALSERVICE FUNDS
Amended Budget
Amendment
Revised Budget
REVENUE/APPROPRIATIONS
Central Services
$
1,169,000 $
11,000
$
1,180,000
Fleet Management
$
21,730,000
$
21,730,000
Information Technology
$
22,123,000
$
22,123,000
Medical & Dental Insurance
$
57,259,000
$
57,259,000
Office of Inspector General
$
2,267,000
$
2,267,000
Facilities Management
$
13,768,000
$
13,768,000
Risk Management
$
30,354,000
$
30,354,000
Total Internal Service Funds
$
148,670,000 $
11,000
$
148,681,000
FY 2026
2nd Budget
FY 2026
SPECIAL REVENUE FUNDS
Amended Budget
Amendment
Revised
Budget
REVENUE/APPROPRIATIONS
Education Initiatives
$
3,060,000
$
3,060,000
Resort Tax
$
112,842,000
$
112,842,000
Tourism and Hospitality Scholarships
$
58,000
$
58,000
Cultural Arts Council
$
1,855,000
$
1,855,000
Sustainability
$
1,098,000
$
1,098,000
Waste Haulers
$
113,000
$
113,000
Normandy Shores
$
343,000
$
343,000
Biscayne Point Special Taxing District
$
383,000
$
383,000
Allison Island Special Taxing District
$
752,000
$
752,000
Biscayne Beach Special Taxing District
$
269,000
$
269,000
Miami City Ballet
$
109,000
$
109,000
Sth & Alton Garage
$
1,028,000
$
1,028,000
7th Street Garage
$
2,623,000
$
2,623,000
Transportation & Mobility
$
14,951,000
$
14,951,000
Tree Preservation
$
503,000
$
503,000
Commemorative Tree Trust
$
2,000
$
2,000
People's Transportation Plan
$
5,528,000
$
5,528,000
Police Confiscation Fund - Federal
$
126,000
$
126,000
Police Confiscation Fund - State
$
71,000
$
71,000
Police Training
$
29,000
$
29,000
Red Light Camera
$
913,000
$
913,000
Residential Housing
$
937,000
$
937,000
E-911
$
933,000
$
933,000
Information&Technology Tech
$
1,897,000
$
1,897,000
Art in Public Places
$
121,000
$
121,000
Beachfront Concession Initiatives
$
79,000
$
79,000
Resiliency
$
3,393,000
$
3,393,000
Sustainability & Resiliency
$
440,000
$
440,000
Biscayne Bay Protection Trust
$
179,000
$
179,000
Adopt -A -Bench
$
20,000
$
20,000
Brick Paver
$
5,000
$
5,000
Relocation Services
$
42,000
$
42,000
Festival of the Arts
$
39,000
$
39,000
Beach Renourishment
$
302,000
$
302,000
Total Special Revenue Funds
$
155,043,000 $
$
155,043,000
Resolutions - R7 A
MIAMI BEACH
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Eric Carpenter, Executive Director
DATE: February 5, 2026 2:00 p.m. Public Hearing
TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ADOPTING THE SECOND AMENDMENT TO THE
GENERAL FUND, ENTERPRISE FUNDS, INTERNAL SERVICE FUNDS, AND
SPECIAL REVENUE FUNDS BUDGETS FOR FISCAL YEAR 2026 AS SET FORTH
IN THIS RESOLUTION AND IN THE ATTACHED EXHIBIT "A."
RECOMMENDATION
The Administration recommends that the Mayor and City Commission adopt the attached
Resolution.
STRATEGIC PLAN SUPPORTED
Organizational Innovation — Ensure strong fiscal stewardship
BACKGROUND/HISTORY
The budgets for the General Fund, Enterprise Funds, Internal Service Funds, and Special
Revenue Funds for Fiscal Year (FY) 2026 were adopted by the Mayor and City Commission on
September 30, 2025, through Resolution No. 2025-33945.
The First Amendment to the General Fund, Enterprise Funds, Internal Service Funds, and Special
Revenue Funds budgets for FY 2026 was adopted by the Mayor and City Commission on
November 20, 2025, through Resolution No. 2025-33954.
ANALYSIS
GENERALFUND
Miami Beach Homestead Relief Program and 7605 Collins Avenue Property Acquisition
At the September 30, 2025 City Commission meeting, the Mayor and City Commission directed
the Administration to develop a plan to distribute $11,000,000 of the FY 2025 year-end General
Fund surplus that was projected as of the third quarter of FY 2025 to residents.
As part of the FY 2025 year-end budget amendment that was approved by the Mayor and City
Commission at the November 20, 2025 City Commission meeting, the Mayor and City
Commission, through Resolution No. 2025-33952, approved setting aside $13,437,000 for future
commitments, pending Commission direction, which represented the remaining preliminary FY
2025 General Fund surplus.
1115 of 2180
On December 17, 2025, the Mayor and City Commission adopted Resolution No. 2025-34050,
approving the Miami Beach Homestead Relief Program and funding in the amount of $7,047,500
to provide a one-time $500 payment to each of the 14,095 qualified homesteaded parcels as of
January 2, 2025, listed in the tax roll provided by the Miami -Dade Property Appraiser's Office on
October 6, 2025, which excludes 11 parcels noted as vacant land and vacant extra features other
than parking (limited to one payment per parcel), as well as the acquisition of the property at 7605
Collins Avenue for general municipal purposes from the Building Department.
In addition to the program ($7,047,500) and property acquisition costs ($6,521,000) that total
$13,568,500 (rounded up to $13,569,000 for budget purposes), other expenditures associated
with the Miami Beach Homestead Relief Program, specifically for the purchase, printing, and
mailing of the checks to eligible property owners, are anticipated and proposed to be funded as
part of this budget amendment. These additional expenditures totaling $21,000 are comprised of
$10,000 for the purchase and printing of the checks by the Finance Department and $11,000 for
postage costs to be incurred by Central Services that will be reimbursed by the Finance
Department for mailing of the checks. Incorporating these additional costs ensures that the
program will be fully funded and can be executed efficiently.
This proposed budget amendment seeks to, therefore, appropriate $13,589,500 (rounded up to
$13,590,000 for budget purposes) in the FY 2026 General Fund budget from the preliminary FY
2025 year-end General Fund surplus of $13,437,000 that was set aside for future commitments
plus $153,000 from General Fund reserves, in order to implement the directives that were adopted
by the Mayor and City Commission on December 17, 2025.
The Sternlicht Foundation Donation
The Barry S. Sternlicht Foundation, a philanthropic organization established by Barry Sternlicht,
founder of Starwood Capital Group, supports charitable initiatives aimed at improving lives and
enhancing opportunities in areas such as education, health, and community development.
The City of Miami Beach is committed to enhancing the well-being and quality of life of its senior
residents through dedicated programs and resources. In alignment with this commitment, the
Office of the Mayor has received a $10,000 grant donation from the Sternlicht Foundation
designated specifically for senior citizens' programming and activities.
This proposed budget amendment is to appropriate the $10,000 donation that has been received
by the City as a grant from the Stemlicht Foundation in the Office of the Mayor and City
Commission's FY 2026 General Fund operating budget to be utilized specifically for senior
citizens' programming and activities in the City.
FISCAL IMPACT STATEMENT
See detailed information provided above.
1116 of 2180
Exhibit "A"
FY 2026 Znd Budget FY 2026
GENERAL FUND Amended Budget Amendment Revised Budget
REVENUES
Operating Revenues
Ad Valorem Taxes
Ad Valorem- Capital Renewal & Repl.
Ad Valorem- Pay -As -You -Capital
Other Taxes
Licenses and Permits
Intergovernmental
Charge s for Se rvi ce s
Fines & Forfeits
Interest Earnings
Rents & Leases
Miscellaneous
Resort Tax Contribution
Other Non -Operating Revenue
Use of General Fund Reserves/Prior Year Surplus
Total General Fund
5 288,381,500
5
288,381,500
$ 4,656,000
$
4,656,000
5 5,891,000
5
5,891,000
$ 28,947,000
$
28,947,000
5 26,765,000
$
26,765.000
$ 13,132.000
$
13,132,000
5 17,990.000
$
17,990,000
5 2,105,000
5
2,105,000
5 8,108,00o
$
8,108,000
5 9,378,000
$
9.378.000
5 I6.869,S00
5 10,000 5
16,879,500
$ 41,247,000
$
41,247,000
$ 15,067,OD0
5
15,067.000
$ 13,907,000
$ 13,590,000 S
27.497,OW
$ 492,444,000
5 13,600,000 $
506,o44,o00
FY 20M
Znd Budget
FY 2026
Amended Budget
Amendment
Revised Budget
APPROPRIATIONS
Departrnent
Mayor and Commission
5
4,293,000
5 10,000
S 4,293,000
City Attorney
5
9,027,000
5 9,027,000
City Clerk
5
3,001,000
5 3,001.000
City Manager
$
4,199,500
S 4,199,500
Finance
$
9,030.000
5 21,000
5 %051,000
Human Resources
$
3,625,000
$ 3,625,000
Marketing and Communications
$
3.276,000
$ 3,276.000
Office of Management and Budget
5
1,936.000
5 1,936,000
Procurement
$
3.484,000
5 3,484,000
Code Compliance
5
7,571.000
5 7,571,000
Economic Development
5
3,032,000
5 3,032,000
Housing & Community Service's
5
6.313,000
$ 6.313,000
Planning
5
6,274,000
5 6,274,000
Tourism and Culture
$
4,185,000
$ 4,195,000
Capital Improvement Projects
S
6,461,000
$ 6,461,000
Environment & Sustainability
$
2,574,000
$ 2,574,000
Facilities Management
5
5,021,000
$ 5.021,000
Parks & Recreation
$
52.114,000
$ 52,114,000
Public Works
$
19.367,000
5 19,367,000
Fire
$
134,079.000
$ 134,079,000
Police
5
167.132,000
5 167,132,000
Citywide Accounts (Net of Transfers)
$
12376,000
S 7.048,000
5 19.424,000
Subtotal General Fund
$
469,360,500
$ 7,079,000
$ 475,439,500
TRANSFERS
Capital Reserve
5
978,000
$
978,000
Information & Technology Tech
$
300,000
5
300,000
Pay -As -You -Go Capital
$
11,234,000 $
6,521,000 $
17,755,000
General Fund Reserve
$
3,128,000
5
3,128,000
Budget Stabilization
$
113.S00
$
113.500
Capital Renewal & Replacement
$
5,760,000
$
5,760,000
Education Initiatives
$
1.951.000
S
1,9S1,000
Streets and Sidewalk Renewal & Replacement
5
360,000
$
360,000
Sanitation
5
120,000
$
120,000
Transportation & Mobility
$
L39,000
5
139,000
Subtotal Transfers
$
24,0831500 S
6,521,000 5
30,604,S00
Total General Fund
S
492,444,000 $
13,600,000 S
506,044,000 tt
1117 of 2180
Exhibit "A"
FY ZOM
2nd Budget
FY 2026
ENTERPRISE FUNDS
Amended Budget
Amendment
Revised Budget
REV ENUE/APPROPRIATION S
Building
$
11.852.000
5 21,852,000
Convention Center
5
49,265,000
$ 48.265.000
Parking
$
58,236,000
S 58,I36,000
Sanitation
5
29,133,000
5 29,133,000
Water
5
51,934,000
$ 51,934,000
Sewer
5
70,806,000
5 70,806,000
Stormwater
5
42,660,000
$ 42,66Q000
Total Enterprise Funds
S
3Z2,386,000 S
$ 322,SKWO
FY 20M
2nd Budget
FY 20M
INTERNAL SERVICE FUNDS
Amended Budget
Amendmert
Revised Budget
REVENUE/APPROPRIATIONS
Central Services
$
1,169,000 $
11,000
S 1.180,000
Fleet Management
5
21,730,000
5 21,730,000
Information Technology
5
22,123,000
S 22.123,Oo0
Medical& Dental Insurance
$
57,2S9,000
$ 57,259,000
Office of Inspector General
$
2,267,000
$ 2,267,000
Facilities Management
S
13,769,000
5 13,768,000
Risk Management
$
30,354,000
$ 30,354,000
Total Internal Service Funds
S
148,670,0W $
11,0W
S 146,6MOM
FY 20M
2nd Budget
FY 2026
SPECIAL REVENUE FUNDS
Amended Budget
Amendment
Revised Budget
REVENUE/APPROPRIATIONS
Education Initiatives
5
3.060,000
$
3,060,000
Resort Tax
$
112.842.000
S
112,842,000
Tourism and Hospitality Scholarships
$
S8.000
5
59,000
Cultural Arts Council
5
1,$SS.000
S
1,855,o00
Sustainability
$
1,098,000
$
1,098,000
Waste Haulers
$
113.000
5
113,000
Normandy Shores
$
343,000
S
343.000
Biscayne Point Special Taxing District
$
383.000
$
383,000
Allison. Island Special Taxing District
$
752,000
$
752,000
Biscayne Beach Special Taxing District
5
269.000
5
269.000
Miami City Ballet
$
109,000
5
109,000
5th & Alton Garage
$
1,028,000
$
1,028,000
Ah Street Garage
5
2,623,000
5
2.623,000
Transportation & Mobility
$
14,951,000
$
14,951,000
Tree Preservation
$
503.000
$
503,000
Commemorative Tree Trust
$
2,000
$
2,000
People's Transportation Plan
$
5,528,000
5
5,52&000
Police Confiscation Fund - Federal
$
126,000
5
126,000
Police Confiscation Fund - State
$
71,000
$
71,000
Police Training
$
29,000
$
29,OW
Red Light Camera
5
913,000
$
913,OW
Residential Housing
$
937,000
$
937,000
E-911
$
933,000
$
933,000
Information & Technology Tech
$
1,897,000
$
1.997,000
Art in Public Places
$
121,000
$
121,000
Beachfront Concession Initiatives
$
79,000
$
79,000
Resiliency
$
3.393,000
$
3,393,000
Sustainability & Resiliency
$
440,000
5
440,000
Biscayne Bay Protection Trust
$
179,o00
$
179,000
Adopt -A -Bench
$
20,000
5
20.000
Brick Paver
$
5.000
$
5.000
Relocation Services
5
42,000
$
42,000
Festival of the Arts
S
39,000
$
39,000
Beach Renourishment
S
302,000
$
302,OW
Total Special Revenue Funds
$
155,043,000 $
$
155,043,000
1118 of 2180
Does this Ordinance require a Business Impact Estimate?
(FOR ORDINANCES ONLY)
If applicable, the Business Impact Estimate (BIE) was published on:
See BIE at: https://www.miamibeachfi.gov/city-hall/city-clerk/meeting-notices/
FINANCIAL INFORMATION
See detailed information provided above.
CONCLUSION
The City Administration recommends that the Mayor and City Commission adopt the Second
Amendment to the General Fund, Enterprise Fund, Internal Service Fund, and Special Revenue
Fund budgets for FY 2026 described herein and further detailed in the attached Exhibit "A."
Applicable Area
Citywide
Is this a "Residents Right to Know" item, Is this item related to a G.O. Bond
pursuant to City Code Section 2-17? Proiect?
No
Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481,
includes a principal engaged in lobbying? No
If so, specify the name of lobbyist(s) and principal(s):
Department
Management and Budget
Sponsor(s)
Co-sponsors)
Condensed Title
2:00 p.m. PH, Adopt 2nd Amendment to FY 2026 Operating Budget. OMB
Previous Action (For City Clerk Use Only)
1119 of 2180