FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 79
Budget-In-Brief → Taxes
Intergovernmental Revenue: Grants, State and Local Shared Revenues, and Payments from
Other Local Units
General Fund
The budget for half-cent sales tax and municipal revenue sharing is based on estimates provided
by the State and is distributed by the State derived through calculations based on factors such
as sales tax revenue and population. Local Government Half-Cent Sales Tax is projected to be
$1,458,716 It is apportioned and distributed by the State based on population estimates. This
distribution is based on equally weighted factors of adjusted municipal population, derived
municipal sales tax collections, and the municipality’s ability to raise revenue. The FY 2023
Adopted Budget anticipates a slight increase in the Half-Cent revenues due to current increases
in sales tax as the economy continues to grow. Intergovernmental shared revenues are budgeted in
the General Fund at $715,000 based on historical trends and the current economic situation. This
estimate includes revenue sources derived from mobile home license taxes, alcohol beverage
license taxes, county occupational licenses, and payments in lieu of taxes (PILOT). The City
fully attempts to utilize grant funding to supplement its limited resources possible as an additional
revenue source. As this revenue is unknown and based on grant awards, the budget is appropriated
upon grant acceptance. The total FY 2022-23 Intergovernmental revenues are $2,379,116.
Charges for Services: Utility Charges for Services
General Fund, Stormwater Utility Fund and Water & Sewer Utility Revenue Fund
Budgeted General Fund’s Charges for Services is $740,875 and it includes: lien search, garbage
billing, false fire alarms charges, and various Library and Parks and Recreation service charges.
Budgeted Stormwater revenue of $861,437 is based on a rate of $6 per equivalent residential units
per month and $12 for commercial locations. There is minimal increase in revenue to this fund as
there are minimal additions due to new development or changes in land use.
Charges for water, sewer, and reclaimed water service are predicated upon base charges plus a
tiered rate based upon consumption. Together with connection fees for new accounts, these charges
are predicted to be $12,897,500. Acknowledging the current economic situation and high
inflation the City Commission authorized an order for a rate study to ascertain whether the fees
and rates charged generate enough revenue to fund all operations, maintenance, replacement,
debt service, and capital improvements. The Commission and any third party performing a rate
study shall consider the municipal cost index and other relevant factors in setting rates. Before
June 1, 2021, the City Commission adopted a new ordinance setting forth procedures for
establishing water service rate charges for the next five years. The irrigation and reclaimed water
component of the revenue stream can fluctuate significantly based on seasonal wet or drought
cycles and the disruption of lawn maintenance routines caused by hurricanes and vegetative debris
accumulation. Total projected Utility revenues for FY 2023 are $13,102,320. Due to current City
development, and rapid population increase, 2.5% annual growth assumption is used.
Other Charges for Services:
General Fund
Estimates for revenues generated from Parks and Recreation activities of $183,800 are provided by
the Parks and Recreation division based on planned classes and events for the upcoming year and
are budgeted in the General Fund. The estimated Memorial Public Library budgeted in General
Fund revenue is $16,100.
City of Eustis, Florida
Adopted Annual Budget
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