FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 13
Introduction → Transmittal Letter
Table 1:
Comparative Proposed Tax Rates 2022-23
7.5810 8. Mascotte
7.5000 9. Groveland
7.5000 10. Clermont
6.9320 11. Leesburg
7.5000 12. Fruitland Park
6.1000 13. Lady Lake
5.8000 14. Montverde
1. Eustis
2. Astatula
3. Howey-In-The-Hills
4. Tavares*
5. Umatilla
6. Mount Dora
7. Minneola
5.0000
5.2000
5.7500
4.0192
3.9134
3.3962
2.8300
* Includes debt service millage
The average Lake County BCC General Fund millage rate is 0.0529, which is unchanged from the
last year. In accordance with the City’s financial policies, tax revenues are forecasted at the rate of
98% collection.
The total General Fund revenue is anticipated to be $21,480,241 (see the graphical breakdown
below):
Figure 2:
FY 2022-23 General Fund Projected Revenue - $21,480,241
Where Do City Revenues Come From?
Other Financing Sources:
2,311,186 10.76%
Miscellaneous Revenues:
651,549 3.03%
Fines and Forfeitures:
53,600 0.25%
Charges for Services:
740,875 3.45%
Intergovernmental Revenue:
2,379,116 11.08%
Ad Valorem Taxes:
10,213,339 47.55%
Licenses and Permits:
74,800 0.35%
Franchise Fees:
1,938,000 9.02%
Utility Taxes:
3,117,776 14.51%
City of Eustis, Florida
Adopted Annual Budget
11