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Coral Gables’ new internal audit provider will begin with an independent risk assessment, focusing in part on procurement and vendor oversight. The FY 2026-2027 budget process is using a conservative 3.5% property-value growth estimate while overall revenues remain relatively flat.
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The board reviewed early budget projections and major capital needs, including City Hall restoration, a Mobility Hub, roadway improvements, and about $12 million in core asset replacements. No final budget or millage rate was adopted; upcoming milestones include a June 3 capital workshop and a July 8 meeting to set the proposed millage rate. The new auditor reported no significant findings in the latest audit and will assess citywide risks before developing future audit plans.
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