Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 14
Introduction → TransmiTTal leTTer
Table 1:
Comparative Proposed Tax Rates 2023-24
7.5810 8. Mascotte
7.5000 9. Groveland
7.5000 10. Clermont
6.5950 11. Leesburg
7.1089 12. Fruitland Park
6.1000 13. Lady Lake
5.7000 14. Montverde
1. Eustis
2. Astatula
3. Howey-In-The-Hills
4. Tavares*
5. Umatilla
6. Mount Dora
7. Minneola
5.0000
5.8000
5.0600
3.4752
3.9134
3.3962
2.8300
* Includes debt service millage
The average Lake County BCC General Fund millage rate is 5.0364, which is the same as last year.
In accordance with the City’s financial policies, tax revenues are forecasted at the rate of 95%
collection.
The total General Fund revenue is anticipated to be $24,318,859 (General Fund Summary, page
159), see the graphical breakdown below: The General Fund collects most of the revenues, with
over 46.74% derived from Ad Valorem taxes. Following next, the Utility Taxes revenue constituting
13.12%; Intergovernmental revenue is the third-highest revenue source at 12.51%. Additionally,
Other Financing Services comprises 9.53%, Franchise Fees 8.91%, Miscellaneous revenues make
up 4.49%, and Charges for Governmental Services is 3.79%. The remaining 0.91% of revenue is
distributed among Fines and Forfeitures, and Licenses and Permits.
Figure 2:
FY 2023-24 General Fund Proposed Revenue - $24,318,859
Where Do City Revenues Come From?
Other Financing Sources:
2,318,765 9.53%
Miscellaneous Revenues:
Miscellaneous
Revenues:
1,093,003 4.49%
Fines and
Fines
and For
For feitures:
feitures:
158,300 0.65%
Char ges for Ser vices:
922,630 3.79%
Ad Valorem Taxes:
11,367,297 46.74%
Inter gover nmental Revenue:
3,041,620 12.51%
Licenses and
Licenses
and Per
Per mits:
mits:
60,200 0.25%
Fr anchise
Fr
anchise Fees:
Fees:
2,165,600 8.91%
Utility Taxes:
3,191,444 13.12%
12
City of Eustis, Florida
Adopted Budget
Back to TOC