FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 20
Introduction → Transmittal Letter
Figure 5:
FY 2022-23 Street Improvement Fund Projected Revenue - $2,224,800
Other Gas Tax:
478,050 21.49%
From General Fund:
795,000 35.73%
Local Option Gas Tax:
480,000 21.57%
Other Revenue:
11,750 0.53%
Project Reimbursement:
200,000 8.99%
From Stormwater Fund:
260,000 11.69%
The total expenditures for the Street Improvement Fund $2,055,583. The net revenues exceed the
expenditure by $169,217. A healthy balance is continuing for three years, though this has been
accomplished mainly through the additional transfers from the General Fund.
The department previously reduced expenditures by outsourcing tree-trimming services and will
continue to monitor the success of this action. During this next fiscal year, the City may evaluate the
feasibility of a street light assessment, increased fund transfers and allocations, and/or additional
service reductions to balance the revenues and expenditures in this fund.
The Street Improvement Fund includes 18 employees and provides the following community
services:
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Public land maintenance of parks and other City-owned properties; 1,000+ acres.
Street lights and traffic signals, approximately 12+ square miles.
Tree services.
Maintenance and repair of 100+ miles of roadway and 35+ miles of sidewalks.
Water and Sewer Fund Budget Analysis
The Water and Sewer Fund (Fund 040) is based on total revenues of $13,102,320 with a
beginning fund balance of $5,808,304. Total expenses of $13,005,703 and required 90-day
operating reserves of $3,206,881, leaving a remaining fund balance of $5,904,921 in support of
upcoming capital improvement and infrastructure needs. The revenue sources include the central
water and wastewater operations, reclaimed water sales, and water and sewer sales to Heathrow
and Sorrento Hills (Red Tail).
The Fund has operating expenses of $7,508,240. Non-operating expenses include capital items,
inter-fund transfers, general liability and property insurance, and debt service.
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City of Eustis, Florida
Adopted Annual Budget