FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 60
Strategic → measures By DeParTmenT fy 2022 summary analysis
City Financial Performance Analysis
The City financial performance analysis has included five years: three years FY 2019-2021 with
actual data and FY2022-23 with estimated and projected data. Analysis revealed that starting at
FY 2019, City of Eustis had continuous growth in Revenue, Expenditures and a Total Net Position.
All performance measures are citywide and represent Goal #3 of the City Strategic City Plan - to
provide quality, competent and cost-effective governmental public services.
The actual change in revenue growth between FY 2021 and FY 2022 is 7.34%, 7.02% the change in
expense growth and change in the Net Position is 2.23%. Healthy revenue growth means a stronger,
more prosperous economy and expanded opportunities for our community - more jobs, higher
wages, more money for governmental projects and overall government services. Total revenue
growth coupled with federal aid allowed for the continuity in City services during the COVID-19
pandemic. City Business activities, as a rule, have higher revenue as a result of City’s charge for
water services. The actual change between FY2020 and FY 2021 shows 11.54% revenue growth,
City expenses decreased 20.28% and total Net Position is at 11.31% growth.
Overall, City financial performance and revenue growth indicate competent managerial approach
to City needs and current economic situation challenges.
Table 10:
Measures by Department FY 2022 Summary Analysis
58
City of Eustis, Florida
Adopted Annual Budget
FY 2023 Projected
Change
%
FY 2022 Estimated
Change
%
Department Performance
Measures Summary
Police Department Services
Fire Department Services
Memorial Library Services
Parks & Recreation Services
Building Services
Development Services
Code Enforcement Services
Finance Services
Purchasing Services
Human Resources Services
Public Works Street Maintenance
Public Utilities Services
Total
FY 2021 Actual
Change
%
FY 2020
Actual
Strategic
Strategic
Strategic
Strategic
Plan
Plan
Plan
Plan
Goal Data
Goal Data
Goal Data
Goal Data
41,729
42,262 1.3%
42,697 1.0%
42,730 0.1%
5,123
5,980 16.7%
6,542 9.4%
6,610 1.0%
249,382 253,486 1.6% 289,351 14.1% 291,985 0.9%
26,879
35,651 32.6%
40,198 12.8%
43,400 8.0%
1,984
2,051 3.4%
1,746
-14.9%
2,064 18.2%
4,878
4,682
-4.0%
4,373
-6.6%
4,903 12.1%
6,334
6,600
4.2%
5,550
-15.9%
5,585 0.6%
809
800
-1.1%
850
6.3%
900 5.9%
845
842
-0.4%
855
1.5%
875 2.3%
1,316
1,423
8.1%
1,429
0.4%
1,495 4.6%
25,636
36,734
43.3%
37,459
2.0%
37,576 0.3%
12,059
12,169
0.9%
12,227
0.5%
12,254 0.2%
376,974 402,680 6.8% 443,277 10.1% 450,377 1.6%