CIP FY 24-28 9-7-23 FINAL Version - Flipbook - Page 24
Capital Improvements Plan
Water and Wastewater Revenue Fund
The funding source primarily supports projects related to the enhancement and enlargement of the
City’s water and wastewater infrastructure.
Water and wastewater services play a crucial role in the daily lives of residents and businesses,
ensuring the availability of clean and safe water for consumption and efficient treatment of wastewater to protect the environment. These services are fundamental components of a well-functioning
and sustainable community, providing the foundation for public health, economic development, and
environmental preservation.
Water services encompass the supply, treatment, and distribution of potable water to residential,
commercial, and industrial consumers. High-quality drinking water is essential for health, hygiene,
and overall well-being. To meet the demands of a growing population and maintain water quality,
advanced treatment processes and cutting-edge technologies are employed. This ensures that the
water delivered to consumers is not only safe but also meets stringent regulatory standards.
Wastewater services, on the other hand, involve the collection, treatment, and disposal of used water
from residential, commercial, and industrial sources. The treatment process removes contaminants
and pollutants, making the wastewater safe to release back into the environment or reuse for various
purposes. Effective wastewater management is vital for safeguarding public health, preventing water
pollution, and preserving the ecological balance of local water bodies.
Both water and wastewater services require continuous monitoring, maintenance, and improvements
to meet the ever-evolving needs of the community. Public utilities and city departments responsible
for managing these services strive to ensure reliability, efficiency, and sustainability. Investments in
infrastructure upgrades, modernization, and innovation are essential to address challenges posed
by population growth, and changing regulatory requirements.
As communities embrace the principles of environmental conservation and sustainable development,
water and wastewater services are at the forefront of promoting responsible water use, conservation
efforts, and water recycling initiatives. By working collaboratively with residents and stakeholders,
cities can forge a path towards a resilient and resource-efficient future, where access to clean water
and responsible wastewater management are integral to enhancing the overall quality of life.
The revenue projections for this funding source are based on the current estimated revenues for FY
22-23, with a steady 3% increase anticipated in FY 23/24. However, with new Eustis subdivisions in
progress, a 3% annual increase is projected from FY 25 to FY 28.
To accommodate inflation and the rising costs of commodities and services, an expenditure increase
of 5% is factored in for FY 23/25, while a 3% increase is accounted for in FY 26/28.
By diligently planning and allocating resources, the City aims to enhance its stormwater infrastructure to meet the needs of its growing community, while prudently managing the associated costs to
ensure long-term sustainability and resilience.
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