FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 11
Introduction → Transmittal Letter
P.O. Drawer 68 • Eustis, Florida 32727-0068 • (352) 483-5430
September 22, 2022
Honorable Mayor and City Commissioners:
I am pleased to present the Adopted Annual Budget for the fiscal year beginning October 1, 2022 and
ending September 30, 2023. The budget is based on my understanding of the Commission’s
priorities and the level of service required to meet the needs of the community. This document
is the culmination of the annual budget process, which begins in March and ends upon final
adoption on September 22, 2022. The budget complies with the requirements of the City Charter,
appropriate Florida statutes, the City’s Financial Policies, and goals and objectives of the City’s
Strategic Plan.
Eustis continues to be a dynamic place where residents and businesses can
overall fiscal health remains strong. The Commission has exercised
implemented expenditure plans that are within the City’s available revenue
adopted balanced budgets over the past several years. The City defines a
total recurring revenues equaling or exceeding total recurring expenditures.
be proud. The City’s
fiscal restraint and
stream. The City has
balanced budget, as
The expenditure budget of $53,381,876 includes the acquisition of public safety vehicles, water and
sewer projects, street resurfacing projects as well as funding for the police and fire pensions. There
are several major projects slated for Fiscal Year 2022-23, including citywide street resurfacing,
housing rehabilitation within the community redevelopment area, and improvements/engineering
for the expansion of the main wastewater plant.
The City continues to experience steady growth, with an increase in population from 19,214 in
2014 to an estimated 24,347 in projected 2023, with a current 0.96% growth rate. (U.S. Census
Bureau data).
Figure 1:
City of Eustis, FL Population
19,214
19,432
20,127
2014
2015
2016
20,880
21,083
2017
2018
22,368
23,189
23,543
24,115
24,347
2019
2020
2021
2022
2023
Population
City of Eustis, Florida
Adopted Annual Budget
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