Finance
The City of Naples Finance Department is responsible for all financial operations of the city and ensuring citywide internal controls and accountability. The Finance Department has three main functions/operating divisions:
Contact the Finance Department
For information about a utility bill, contact 239-213-1800. For general information, contact 239-213-1820.
Awards
The City of Naples has received the Government Finance Officers Association Distinguished Budget Presentation Award annually since 2006.
Naples has also earned the Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Program for its Comprehensive Annual Financial Report annually since 1981.
Both reports will continue to be submitted for these prestigious awards.
In 2017 the City earned the Certification of Excellence In Investment Policy from the Association of Public Treasurers of the United States and Canada.
Special Assessments
The City has several special assessment areas in various stages. These include Bembury Assessment Area, Port Royal Area Dredging District, Gulf Acres/Rosemary Heights Sewer Assessment, Aqualane Shores Assessment Area, Seagate Area Power line Under-grounding and the Fifth Avenue South Business Improvement District.
The Bembury Assessment Area was established in 2014 by Resolution 14-13485. Property owners had the option to pay the assessment 2015, or pay the amount (with interest and administrative fees) over a 20- year period on the tax bill, starting in November 2015. Bills were issued to 53 parcel owners in March 2015 for property owners to consider prepaying this special assessment, and there were 22 prepayments. The remaining 31 customers will pay on their annual tax bill.
The Port Royal Area Dredging District was created in 2011 by Resolution 11-12978 to assess property for maintenance dredging. Customers who did not prepay for their share of the dredging will be assessed over a 6 year period. The first bill was in November 2014.
The final assessment resolution for the GulfAcres/Rosemary Heights Sewer Assessment was approved by City Council on October 17, 2018.
The Aqualane Shores Assessment is to extend natural gas lines and fiber optic lines into the Aqualane Shores neighborhood. The final resolution was approved by City Council on June 5, 2019.
The Seagate Area Power line Under-grounding. The final resolution was approved by City Council on December 15, 2022. The prepayment period is open and will remain so until December 2022. Those choosing to pay via 8 equal payments will see this on their tax bill for the first time in October 2023.
The Fifth Avenue South Business Improvement District (BID) was established in December 2010 by Resolution 10-12820. The BID has a life of 10 years and funds are managed by the Fifth Avenue BID. For information about the operations of the BID, visit their website at: https://www.fifthavenuesouth.com
The City has outsourced the management of special assessment districts. The data base, the transmittal of assessment information, the calculation of outstanding assessments, and the communication of this information related to property sales is managed by the consulting firm NBS. For more information contact: NBS at www.nbsgov.com.
SEC Rules & Impact On Issuers of Debt
The City of Naples has retained Hilltop Securities Inc. as its municipal advisor. The City of Naples is represented by and will rely on Hilltop Securities Inc. to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products, including investments of bond proceeds and escrow investments. Hilltop Securities Inc. contact information is as follows:
Hilltop Securities Inc.
450 S. Orange Avenue, Suite 460
Orlando, FL 32801
407-426-9611
Joel.Tindal@hilltopsecurities.com
