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Agenda 02/25/2025 Item #11 A (FY 2026 Budget Policy and guidance for budget Policy Adoption In March)2/25/2025 Item # 11.A ID# 2025-591 Executive Summary Recommendation to hear a presentation regarding FY 2026 budget policy and provide guidance as we move toward budget policy adoption in March. OBJECTIVE: To provide staff with guidance on key components of the FY 2026 budget policy. CONSIDERATIONS: The Board's budget policy plays a crucial role in setting financial priorities and guiding the allocation of resources for the fiscal year. For FY 2026, the County will continue to employ a priority -based budgeting approach with the goal of aligning financial resources with the County's priorities and strategic objectives. The budget policy discussion will allow the Board to provide staff with guidance related to key budget policy issues including but not limited to: • Employee Compensation • Health Insurance • Operating Control Lines • Millage Rate Policy • Capital Allocations • Reserve Levels This item is consistent with the Collier County strategic plan objective to safeguard taxpayer money by promoting fiscal stewardship and sound budget oversight. FISCAL IMPACT: This executive summary has no immediate fiscal impact. GROWTH MANAGEMENT IMPACT: This executive summary has no immediate growth management impact. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, raises no legal issues and requires majority vote for any Board action. -JAK RECOMMENDATIONS: To accept the discussion on the FY 2026 budget policy and provide guidance. PREPARED BY: Christopher Johnson, Director — Corporate Financial and Management Services ATTACHMENTS: None Page 12 of 94