Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 24
Introduction → TransmiTTal leTTer
The fund has operating expenses of $8,306,366 (Water & Wastewater Expenses, page 305).
Non-operating expenses including capital items, inter-fund transfers, general liability and property insurance, and debt service and the total cost is $5,942,985 (Water & Wastewater Expenses,
page 305).
The Water and Sewer Fund includes the Deputy Director of Public Works for Utilities, as well as Water
Superintendent and Utility Supervisor, along with Utility operators and maintenance workers. There
are 26 positions in Water, 17 in Wastewater, and 21 in Utility Administration / Customer Service /
Meter Reading services.
During FY 2023 the City is providing a new five-year rate study. The study is performed to ensure
that the City maintains rates sufficient to cover normal operations, renewal and replacement of infrastructure, adequate expansion of the system to accommodate growth, and protection to bondholders for revenue to make necessary debt payments. New water and wastewater rates have been
approved in June 2023 and in effect since July 2023.
The Utility Department provides the following services:
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Water service to approximately 12,103+ customers, supplying over 3.50 million gallons of water
per day.
Maintenance and repair of 183+ miles of water main.
Maintenance and repair of 121 miles of sanitary sewer lines.
Over 12,250 monthly bills for various services.
Over 12,200 meters read per month.
Stormwater Fund Budget Analysis
Stormwater utility fees provide the major source of funding for the Stormwater Utility Fund. Other
minimal contributions include interest earnings. The beginning fund balance was $707,546
(Stormwater Summary, page 296). The budgeted revenue for FY 2023-24 is $890,200. The operating
expenditures are $994,493, leaving a balance of $603,253. This is enough to cover the required
reserves of $248,623 (Stormwater Summary, page 296).
The Stormwater Fund includes four employees and is responsible for street sweeping and
drainage maintenance. The fund transfers $260,000 (Stormwater Summary, page 296) to the Street
Improvement Fund.
During the upcoming FY 2024 the City will include a recommendation for utilizing automatic
increases to the stormwater rates each year. The last time the rates were increased was in the
mid-2000s, before 2008, and it was $6 for residential, and $12 for commercial consumers.
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City of Eustis, Florida
Adopted Budget
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