Finance

Overview

The primary responsibility of the Finance Department is to safeguard the City’s assets, maximize the use of City revenue and provide accurate and timely information to the City Council, City Manager and to the citizens of West Melbourne. The department maintains the integrity of the financial records of the City in accordance with generally accepted accounting principles (GAAP) and the Governmental Accounting Standards Board (GASB).

Business Tax Receipts

The City Manager has designated the Finance Director as the Business Tax Official. This department therefore assumes responsibility for enforcement of the business tax receipt ordinance, including the issuance and control of business tax receipts.

Annual Budget

• Fiscal Year 2023 to 2024 Adopted Budget (PDF)
• Fiscal Year 2022 to 2023 Adopted Budget (PDF)
  

Annual Financial Reports

• Annual Comprehensive Financial Report Fiscal Year September 30, 2021 (PDF)
• Annual Comprehensive Financial Report Fiscal Year September 30, 2022 (PDF)

Recent Bond Ratings

• Fitch Ratings (PDF) 
• Standard and Poor’s Rating (PDF)

State Annual Financial Reports

Section 218.32, Florida Statues, requires each local government to submit an annual financial report to the State Chief Financial Officer (CFO) within 9 months of fiscal year end. Each local governmental entity’s website must provide a link to the CFO website to view the entity’s annual financial report. 

Police Pension Plan Information

• Actuarial Summary Fact Sheet
• Fiscal Year 2022-2023 Plan Administrative Expenses - Cash Basis
• FY 2021-2022 Budget (PDF)
• Police Officers' Pension Plan
• Fiscal Year 2022-2023 Accounting of Actual Expenses
• 2022 Chapter 112.664 Compliance Report
• Five Year Investment Return and Asset Allocation Summaries (PDF)
• October 2022 Actuarial Valuation Report (PDF)
• Police Pension Trust Statement of Investment Policy (PDF)
• Senate Bill 534 Disclosure (PDF)

Federal Emergency Management Agency (FEMA) Notice

DR-4464-SC Public Notice