FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 74
Budget-In-Brief → BuDgeT oVerView
The first or “tentative” hearing is advertised on the “Notice of Proposed Property Taxes” (TRIM
Notice) mailed to City property owners from the Property Appraiser’s office. This hearing adopts a
tentative millage rate and tentative budget. The final TRIM hearing is advertised in a newspaper of
general circulation in Lake County. Both public hearings allow the public to speak to the City
Commission and ask questions about the tentative and final millage rate and budget. The final
TRIM hearing is held prior to October 1.
Listed below is the FY 2022-23 Budget Calendar at-a-glance, which provides the reader with
condensed information regarding the specific functions and deadlines in the budgetary process
that are defined to meet all State and City budgetary adoption requirements.
Budget Document Organization
The budget document is organized in the following sequential parts:
1. Table of Contents
2. City Manager’s Message- The Letter of Transmittal
This section includes the City Manager’s message to the City Commission describing the budget
as presented and factors that were considered in the preparation of the budget.
3. City of Eustis Profile
This section introduces the reader to the City of Eustis, FL. Included is a map detailing the location
of Eustis, FL,
4. Vision, Mission, Core Values, & Strategic Plan
This section outlines the City’s Vision, Mission Statement, Core Values, Strategies, and Goals for its
future direction.
5. Ad Valorem Millage Ranking
This section demonstrates the City of Eustis millage position among the other municipalities in the
County.
6. Citywide Organization Chart and Authorized Personnel Comparison
This section depicts the City’s reporting structure and distribution of its human resource assets.
7. About the Budget Section
This section provides the reader with information helpful for understanding the City’s process
of developing the annual budget. Included are narratives about the budget process, fund types
and basis of budgeting, revenue sources and trends, and financial policies. Also included is a
section devoted to the City’s debt situation listing its outstanding issues, debt service funding
sources, and overall debt policy.
8. Budget Development Calendar
This calendar provides key dates and events throughout the course of the budget development
cycle.
9. All Funds Budget Summary
This section provides the budgeted revenue, expense, and fund balance scenarios for all the City’s
funds.
10. Expenditures – Departmental Details
Department budgets support the goals and objectives established by the City Commission. Each
departmental section provides detailed personal services, operating expenditures, and capital
72
City of Eustis, Florida
Adopted Annual Budget