FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 16
Introduction → Transmittal Letter
Anticipated Increases in Expenditures
This year the budget has accommodated the following notable cost increases:
● Cost of Living Adjustments of 4% for all employees, reflecting a total increase of $473,782
citywide for salaries and benefits.This increase is critical in reaching the State mandated
minimum wage of $15.00 per hour by 2026.
● A longevity pay increase was proposed for FY 2022-23, to retain employees, and remain
competitive. The longevity pay amount is calculated up to a 2% increase, depending on the
employee’s years of service. The total increase in FY 2022-23 is 200,668 .
● FICA payments increased by $79,1
19.
● Police and Fire pensions, FRS and City pension plan expenditures increased by $89,930.
● The health and life insurance costs decreased by 2% or $58,047.
● The General Liability / Workers Comp. / Property Insurance costs increased by 10% citywide,
or for a total insurance premium of $1,049,950.
● The total amount of the Capital Improvement Plan for FY 2022-23 is $12,913,147. Major projects
include street and sidewalk projects, street resurfacing, public safety vehicle replacements,
firefighters’ gear/gear room expansion. Carver Park basketball court improvements by the
CRA, various Parks and Recreation projects, and Water and Sewer Renewal and Replacement
projects, including the Bates Ave. Water Treatment Plant expansion.
The City desires to be a competitive employer in the region with regards to both salaries and
benefits. With this goal in mind, the City continually reviews its financial outlook in all compensation
and internal and external equity decisions. Any pay increase for the Fire and Police departments
must be negotiated by the union contracts. The budget includes a 4% COLA increase for each
employee in each fund and longevity pay for existing and new FY 2022-23 employees.
Table 3: Salary & Benefits Increase
TOTAL
Total Benefits
Increase/Decrease
in FY 2022-23
Fire
Pension Increase
Police
Pension Increase
FRS Pension
Increase
Mass Mutual
Pension Plan
Increase
Health Insurance
2% Decrease
FICA
Increase
Benefits Increase/Decrease
Total Salary
Increase
in FY 2022-23
Longevity
Pay Increase
COLA 4%
Increase
Fund
Salary Increase
General Fund
332,007 137,732 469,739 33,336 (38,315) 4,025
Water and Sewer
Revenue Fund
104,566 44,626 149,192 41,757 (13,507) 2,163 6,288
-
- 36,701 185,893
Street Improvement
Fund
24,824 10,124 34,948 2,597 (4,156) 1,922
-
-
-
Stormwater Fund
5,206 2,628 7,834
599 (1,110) 2,941
-
-
- 2,430 10,264
Building
Department Fund
3,918 1,724 5,642
432
(685)
321
-
-
-
68 5,710
Community
Redevelopment
Fund
3,261 3,834 7,095
398
(274)
55
-
-
-
179 7,274
Citywide Total
473,782 200,668 674,450 79,119 (58,047) 11,427 6,906 35,759 35,838 111,002 785,452
14
City of Eustis, Florida
Adopted Annual Budget
618 35,759 35,838 71,261 541,000
363 35,311