Naples
News, businesses and events in Naples, and Auditing Naples, our public-records reporting on the city's finances and decisions. Each story links to the outlets and records it is based on.
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Naples' fiscal 2025 audit reports a general fund balance $875,018 above the state maximum
Naples' fiscal 2025 audit reports one compliance finding: the city's unrestricted general fund balance exceeded the 35% maximum in state law by $875,018. The city said it would adopt the auditors' recommendation.
Naples sets a $1.5 million ceiling on bonds for 2500 South street project
Naples' council adopted a parameters resolution in July for up to $1.5 million in street improvement revenue bonds for 2500 South, at no more than 2% interest over no more than 10 years. The fiscal 2027 budget lists $3,228,000 for the widening, funded by a $2,259,000 grant and a $969,000 loan.
Naples' 2000 East project estimated at $1.8 million against a $1.65 million budget
An engineer told the Naples council in August that the 2000 East project's estimated cost was $1.8 million against a $1.65 million budget. The council asked for the cost of a continuous sidewalk on the west side before bids go out.
Naples borrowed $923,000 at 0.5% for storm drainage work
Naples' fiscal 2025 audit lists a $923,000 storm water bond at 0.50% interest maturing in 2044. The city's budget records show the loan alongside a $2.5 million CIB grant and $3.1 million spent on drainage projects in fiscal 2025.
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