Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 23
Introduction → TransmiTTal leTTer
Figure 7:
FY 2023-24 Street Improvement Fund Projected Revenue - $2,110,794
Other Gas Tax:
382,000 18.10%
From General Fund:
845,000 40.03%
Local Option Gas Tax:
511,094 24.21%
Other Revenue:
62,700 2.97%
Project Reimbursement:
50,000 2.37%
From Stormwater Fund:
260,000 12.32%
The total expenditures for the Street Improvement Fund are $2,783,020 (Street Improvement
Summary, page 272). The net expenditures exceed the revenue by $672,226; ending fund balance
is $92,082 (Street Improvement Summary, page 272). A healthy balance is continuing for four years,
though this has been accomplished mainly through the additional transfers from the General Fund.
The department previously reduced expenditures by outsourcing tree-trimming services and will
continue to monitor the success of this action. During this next fiscal year, the City may evaluate the
feasibility of a street light assessment, increased fund transfers and allocations, and/or additional
service reductions to balance the revenues and expenditures in this fund.
The Street Improvement Fund includes 19 employees and provides the following community
services:
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Public land maintenance of parks and other City-owned properties; 1,000+ acres.
Street lights and traffic signals, approximately 12+ square miles.
Tree services.
Maintenance and repair of 100+ miles of roadway and 35+ miles of sidewalks.
Water and Wastewater Fund Budget Analysis
The Water and Sewer Fund (Fund 040) is based on total revenues of $13,697,300 (Water &
Wastewater Summary, page 303) with a beginning fund balance of $17,616,542. Total expenses
of $14,249,351 and required 90-day operating reserves of $3,513,534, leaving a remaining fund
balance of $17,064,491 (Water & Wastewater Summary, page 303), in support of upcoming capital
improvement and infrastructure needs. The revenue sources include the central water and wastewater operations, reclaimed water sales, and water and sewer sales to RedTail and Sorrento Springs.
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City of Eustis, Florida
Adopted Budget
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