FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 58
Strategic → City of Eustis Performance Measurement System and Budget Trends
■ Police and Fire Reports Filed (City Manager Letter Information)
■ Increase in New Business (Development Services Report)
Outcome Measures:
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Standardized Testing Scores (Demographic Data)
Change in Criminal Activity (Sheriff’s Office Reports)
Miles of Streets Maintained (Public Works Reports)
Numbers of Water Units Served (Public Works Reports)
Efficiency Measures:
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Youth & Sport Activities Data (City Manager Letter Information)
After School Programs (City Manager Letter Information)
Cultural Services Events (Parks & Recreation reports)
Amount of Employment Applications and New Recruitment (City Manager Letter Information).
Active integration of performance measures consistently throughout the budget process is important
in determining real budget figures, communication effects and assurance of correct spending of
taxpayers’ dollars.
Table below is a summary of City of Eustis financial results for the last five fiscal years.
Budget Trends and City Financial Performance Analysis
The Multi-Year Budget Trend Analysis is a tool that projects what future budgets might look like
based on current appropriation and revenue trends and anticipated economic growth over the
analysis period. Since this analysis contains many assumptions, even a minor change in any of
the assumptions can make a significant difference to the surplus/deficit trend. If the estimated
and projected assumptions contained in the analysis do not materialize, the projections will be
adjusted accordingly.
Using the fiscal year 2019-2022 of the actual budget, current trends are analyzed and forecasted
through the fiscal year ending September 30, 2023.
Key assumptions include:
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Water and Sewer Services Revenue growth 2.27% annually
Other Revenues growth 2% annually
Revenues from fines & forfeitures will remain flat.
Cost of COLA adjustment 4%
Cost of Longevity Pay up to 2%
Operating cost due to inflation, services and commodities increase, grow by 5% annually
City of Eustis, Florida
Adopted Annual Budget