The ordinance approves the FY 2025-2026 budget of the Isle of Palms Dependent Special District, allocating a total of $1,725,467—comprised of $529,000 in new special assessment revenue from 499 properties and $1,196,467 in reserves—to district operations and canal dredging. Of this total, $383,950 is earmarked for operating expenses and $1,341,517 is reserved for dredging the Isle of Palms canal system. The district was established by Ordinance 2011-724-E and Section 189.02, Florida Statutes, and is funded solely by assessments on participating property owners. Under the city code and state statute requirements, the district must submit its proposed budget to City Council by April 1 each year for approval. This ordinance fulfills that requirement and authorizes the district to levy assessments equal to $499,000 for the coming fiscal year. There is no additional cost to the City of Jacksonville as the district’s budget is self-funded.