CIP Book FY 2023-27 - Final - Flipbook - Page 19
Capital Improvements Plan
Stormwater Utility Fund
Projects in this funding source are those connected to the retrofit and expansion of the City’s stormwater infrastructure. Monthly stormwater utility fees are collected from each parcel within the City
to fund these projects. Revenue projections are based upon current FY 21-22 estimated revenues, an
annual 0% increase in FY 23-24, and FY 25-27 2% increase, new Eustis subdivisions are underway.
Following inflation commodity and services cost increase, a 5% expenditure increase is applied for
FY 23-24 and 3% for FY 25-27.
Stormwater Funding Analysis:
Table 3
Stormwater Utility
Funding
Fund Balance, Beginning
of the Year
Revenue
Interest Earnings
Other Revenue
Total Revenue
Total Funding Available
Less:
Operating Expenditures
Transfer Funds Out to Street
Impr.
CIP Projects
Total Expenses
Net Operating Income
(Loss)
Fund Balance, End of Year
Actual
Actual
FY 19-20
$1,177,389
824,450
13,917
838,367
2,015,756
350,861
FY 20-21
$827,580
822,066
4,530
826,596
1,654,176
357,882
Budgeted Estimated Projected Projected Projected Projected Projected
FY 21-22 FY 21-22 FY 22-23 FY 23-24
$662,649 $662,649 $783,752 $857,588
854,760 859,770 859,770 859,770
- 667 667 667
5,800 1,000 1,000 1,000
860,560 861,437 861,437 861,437
1,523,209 1,524,086 1,645,189 1,719,025
445,333 445,334 467,601 490,981
FY 24-25
$748,045
876,965
687
1,030
878,682
1,626,727
505,710
FY 25-26
$556,017
894,505
708
1,061
896,273
1,452,290
520,881
FY 26-27
$486,409
912,395
729
1,093
914,216
1,400,625
536,508
260,000 260,000 260,000 260,000 260,000 260,000 300,000 300,000 300,000
577,315 373,645 35,000 35,000 60,000 220,000 265,000 145,000 50,000
1,188,176 991,527 740,333 740,334 787,601 970,981 1,070,710 965,881 886,508
(349,809) (164,931) 120,227 121,103 73,836 (109,544) (192,028) (69,608) 27,708
$827,580 $662,649 $782,876 $783,752 $857,588 $748,045 $556,017 $486,409 $514,117
Notes:
1. Beginning Fund Balance in FY19-20 ties with CAFR FY 18-19 Year-end
Balance
2. Revenue projections going forward include a 0% increase per year for FY 22/23
and 23/24 (inflation)
3. Revenue projections going forward include a 2% increase per year for FY 24/27
(new subdivisions revenue)
4. Expenditures projections going forward include a 5% increase per year for FY
22/23 and 23/24 (inflation)
5. Expenditures projections going forward include a 3% increase per year for FY
24/27 (inflation easing)
6. Analysis assume that project budgets are fully spent each year going
forward
17