Finance Advisory Board - 27 Apr 2026

Finance Advisory Board - 27 Apr 2026. Location: Community Room. Time: 06:00 PM. Agenda: Finance Advisory Board - 27 Apr 2026 - Agenda - Html AGENDA Finance Advisory Board Monday, April 27, 2026 Community Room @ 6:00 p.m. Page 1. CALL TO ORDER 2. INTRODUCTIONS 3. PUBLIC COMMENT 4. APPROVE/AMEND PROPOSED AGENDA 5. APPROVE PRIOR MEETING MINUTES 5.1 March 2, 2026 Meeting Minutes Finance Advisory Board - 02 Mar 2026 - Minutes - Pdf 3 - 52 6. REGULAR BUSINESS 6.1 FY 2027 - FY 2031 Capital Improvement Program | Project Discussion by Portfolio Questions and Discussion from the Board Facilities Projects Mobility Projects Wastewater Projects Stormwater Projects Financial Policy Review - Discussion and Recommendations: Stormwater Rate Increase Structure Solid Waste Rate Increase Structure General Fund Revenue Assumption Police Vehicle Change Request Main FAB Recommendations: Proposed Revenue / Rate Changes New or Newly Funded CIP Projects Unfunded Projects CIP Document Feedback Other Recommendations 6.2 Future Meeting Dates: Monday, May 4, 2026 - No Meeting Tuesday, May 12, 2026 - FAB Chair Presents Recommendations to the City Commission (4:00 pm) Monday, June 1, 2026 - No Meeting Tuesday, July 1, 2026 - No Meeting, FY 2026 Proposed Budget Available Friday, July 17, 2026 - Joint City Commission / Finance Advisory Board Meeting for FY 2027 Proposed Budget (1:00 p.m.) Monday, July 27, 2026 - FAB Meeting to Develop Recommendations to the City Commission on FY 2027 Proposed Budget (6:00 p.m.) Monday, August 3, 2026 - No Meeting Tuesday, August 11, 2026 - FAB Chair Presents Recommendations to the City Commission (4:00 pm) 7. ADJOURN Document: Finance Advisory Board - 27 Apr 2026 - Minutes - Html Largo Finance Advisory Board Minutes Monday, April 27, 2026 @ 6:00 PM PRESENT: Board Member Beth Rees, Board Member Haseena Papa, Board Member Andrea Gillotte, Board Member Valerie Hibbard, Board Member James Adams, and Board Member John Stransky ABSENT: Board Member Bill Mackintosh STAFF PRESENT: Executive Assistant Jocelyn Streets, Finance Director Rebecca Spuhler, OPB Director Kristina Messenger, Staff Liaison Jared Campbell, Mayor Woody Brown, City Manager John P. Curp, Treasury Manager Jared Meyer, Director Jerald Woloszynski, and Management Analyst I Aidin Critchlow A. Call to Order James Adams called to order at 6:02 pm. B. Introductions C. Public Comment No public present. D. Approve Prior Meeting Minutes 1. March 2, 2026 Meeting Minutes Moved by John Stransky, seconded by Andrea Gillotte, I move to approve minutes from the last meeting as written.Motion carried. 6-0 E. REGULAR BUSINESS 2. FY 2027 - FY 2031 Capital Improvement Program | Project Discussion by Portfolio given by Budget Manager, Jared Campbell. Questions and Discussion from the Board 1. Facilities Projects  James Adams asked for clarification on if the Board was being asked to recommend one or multiple projects, and what the associated costs would be? Jared Campbell explained that after reviewing each project, if there are projects the board wants to evaluate in more detail, they can revisit them for funding and overall impact.  James Adams emphasized that Fire Stationsprovide the greatest value to residents. City Manager, John Curp, offers that FS40 is already funded and land acquisition is underway. If appropriate land is found, funding for FS42 will then be considered. Prioritizing FS40 is important because county funding will help offset future station new build costs.  Valerie Hibbard asked whether FS38 and FS42 would receive county funding. Response: Yes—funding amount is tied to the number of unincorporated homes served.  James Adams stated that, according to the credential review, this falls under a “should ‑ do” project category.  Beth Rees asked whether all fire stations are the same age. Jerry Woloszynski, City Engineer, confirmed they are generally similar in age.  James Adams noted that the Fire House has the highest cost. If it is recommended but funding falls short, the only option would be to identify another fund to draw from.  John Stransky asked about hurricane damage. Response: The City is still seeking additional funding; there is some grant support and continued assessment. Damage largely relates to facility age. Parkland Acquisition  Valerie Hibbard asked whether the Parkland acquisition is generic or specific. Jared Campbell confirmed it is a generic acquisition focused on the underserved eastern portion of the City. She then asked whether this differs from Bayhead. Response: Yes—Bayhead is across from LCP. Transportation Hub Discussion  James Adams expressed skepticism about the transportation hub, noting low bus utilization. Jared stated the proposal aligns with the Advantage Alt 19 Study, a multi ‑ municipality partnership. Valerie Hibbard recalled a study evaluating reduced bus stops. This concept fits into it by treating Alt 19 as a transportation corridor. John Stransky asked for clarification on what the Alt 19 corridor encompasses (Clearwater/Missouri) and questioned whether the City risks building ahead of county readiness. Response: The project is several years out; the next step is site identification. Motion  A motion was made by James Adams to move FS42 from funded to unfunded . John Stransky asked whether the City has funds to support this. Staff noted that even with county support, FY27–29 still require reinvestment; most funding would come from the General Fund. John Curp confirmed Fire Administration is comfortable with the current plan and excited to have three new stations within 10 years.  Outcome: Motion failed. 2. Mobility Projects Funded Projects  No comments. Unfunded Projects  Beth Rees asked about the traffic signal project. It is unfunded pending confirmation from FDOT or the County; if external funding becomes available, the City will insert the project accordingly.  Valerie Hibbard asked about the two different Tall Pines Drive projects. Staff clarified the difference: resurfacing vs. community roads, with critical components funded with community roads. 3. Stormwater Projects Funded Projects  No comments. Unfunded Projects  Pinecrest Project: Awaiting additional grant funding due to its size. A $17.3 million state grant covers design. The project is roughly two years from shovel ‑ ready status, at which time the City will seek construction funding.  Venetian Gardens Drainage: Unfunded due to high cost and low impact, though Valerie Hibbard noted that investments have already been made in that area.  New projects are those newly introduced, and all new projects were funded this year. 4. Wastewater Projects Funded Projects  No comments. Unfunded Projects  Valerie Hibbard asked who is responsible for connecting septic homes to sewer. Response: The City brings a gravity line into the area; property owners must connect their homes. Costs vary home ‑ to ‑ home.  John Stransky asked whether LS30 elimination means it is no longer needed. Response: Yes—LS30 will be decommissioned and demolished. Multiple decommissioning options exist that do not require tearing up the road. Located on East Bay, the removal will not impact downtown redevelopment.  James Adams asked how long a project may remain unfunded. Response: It remains on the list until either funded or determined unnecessary. 5. Vehicle Projects  No comments on either funded or unfunded items. Financial Policy Review — Discussion & Recommendations 1. Stormwater Rate Increase Structure  Concern raised about public perception—whether residents will believe no additional increases are forthcoming.  If divided into two 7.5% increases, the City would lose $700k over two years. 2. Solid Waste Rate Increase Structure  Rate structure includes expected future increases in tipping fees and County-managed rates. 3. General Fund Revenue Assumptions  Approx. 30% of General Fund revenue comes from property taxes; 70% comes from fees, permits, grants, sales/combined tax, etc. Police Vehicle Change Request  Proposal: 18 new vehicles; Training: typically 3–6 training officers at a time. SWAT Officers: Need extra space due to more equipment.  To fund this request, the City would need to unfund an already funded project.  James Adams noted the Police Department currently uses interceptors and can continue to operate with them.  Valerie Hibbard suggested placing the item in unfunded to allow time to reassess size and safety needs, noting the board has consistently prioritized police safety.  John Stransky commented that the County uses Tahoes, and this may influence preferences at LPD. Moved by James Adams, seconded by , I move to approve 18 PD vehicles as proposed and unfunding the annual pavement rehab program. Defeated 1-5 (opposed: Beth Rees, Haseena Papa, Andrea Gillotte, Valerie Hibbard, and John Stransky). Moved by Valerie Hibbard, seconded by Andrea Gillotte, I move to approve 18 PD vehicles in an unfunded status.Motion carried 5-1 (opposed: James Adams). FY 2027-2031 Capital Improvement Plan - Finance Advisory Board Recommendation Meeting Presentation 3. Future Meeting Dates: Monday, May 4, 2026 - No Meeting Tuesday, May 12, 2026 - FAB Chair Presents Recommendations to the City Commission (4:00 pm) Monday, June 1, 2026 - No Meeting Tuesday, July 1, 2026 - No Meeting, FY 2026 Proposed Budget Available Friday, July 17, 2026 - Joint City Commission / Finance Advisory Board Meeting for FY 2027 Proposed Budget (1:00 p.m.) Monday, July 27, 2026 - FAB Meeting to Develop Recommendations to the City Commission on FY 2027 Proposed Budget (6:00 p.m.) Monday, August 3, 2026 - No Meeting Tuesday, August 11, 2026 - FAB Chair Presents Recommendations to the City Commission (4:00 pm) F. ADJOURN The meeting adjourned at 8:41 pm. Diane L. Bruner, CMC, City Clerk