Agenda
Tuesday, June 2, 2026An Ordinance of the City Commission amending Chapter 2 "Administration", Article VII "Finance", Division 1 "Generally" to amend Section 2-352 "Fund Balance and Reserve Policy" to require a vote of the electors, prior to certain changes to the Fund Balance Reserve Policy consistent with the recently approved Charter amendment; providing for severability clause, repealer provision, codification, and providing for an effective date. (Sponsored by Mayor Lago) — Exhibit A- Second Reading Ordinance Fund Balance Reserve Policy Post Referendum — City Commission (2026-06-02)
Coral Gables, Miami-Dade County, Florida
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The city adopted a new policy for managing money and building reserves. The general fund must keep 25 percent of its annual budget available for emergencies. The insurance fund must maintain 3 million dollars in emergency reserves.
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