FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 98
Budget-In-Brief → Changes BeTween ProPoseD anD ProjeCTeD BuDgeT
Fund Balance Changes Between FY 2022-23 Projected and Proposed Budgets
Table 20 demonstrates the differences in fund balances between Projected and Proposed budgets
major and nonmajor funds in aggregate. The changes are affecting fifteen of twenty two City’s
funds.
Personnel Services projected expenditures for all funds are increased by 4% COLA and Longevity
Pay up to 2%. Fringe benefits and pensions are increased as well.
Library Contribution Fund:$5,631 or 16.23% fund balance decrease .
Library book sales and late book return fines revenue have been moved to the General Fund.
Memorial donations projected revenue is decreased by 38% from $1,610 to $1,000 a year.
Total Library Contribution Fund projected expenditures decreased by $9,672 or 54%
Sales Tax Revenue Capital Project Fund: $433,664 or 18.29% fund balance decrease.
Projected Sales Tax local revenue has been decreased by State by $341,386 or 14%
Various City capital projects expenditures have been increased by $1,036,316 or 75%
Law Enforcement Education Fund: $29,960 or 56.18% fund balance decrease.
In FY 2022 Police automation equipment projected revenue decreased by $8,500 or 18%
Police department automation equipment expenditures total increased by $11,242 or 21%.
Police Forfeiture Fund: $8,605 or 40.20% fund balance increase.
The federal felony forfeiture revenue in FY 2022 has been very successful $22,229, and it wasn’t
budgeted in FY 2022. The budgeted K-9 grant of $6,813 has not been granted to the CIty in FY 2022.
The total expenditures are increased by $3,023 or by 28%
Street Improvement Fund: $169,217 or 12.69% fund balance increase.
Gas tax revenue estimation projected increased by $22,670 or 13%. Other miscellaneous revenue
is increased by $9,600 or 24%, the increase is expected from the third party donations.
Total Street Improvement Fund projected expenditures increased by 23%
Building Services Fund: $1,074,085 or 109.75% fund balance increase.
The building permits projected revenue increased by $855,900 or 107%. Rapid population growth,
city development and building construction allowed the City to bring more revenue to the Building
Services.
Building Inspection expenditures decreased by $81,569 or 11%.
Stormwater Utility Revenue Fund: $79,438 or 13.98% fund balance increase.
Total Stormwater revenue decreased by $1,293 or 0.15%
Total Stormwater expenditures decreased by $299,243 or 28%
Water & Sewer Renew & Replace Fund: $1,239,588 or 11.67% fund balance decrease.
The total revenue has decreased by $833,382 or 10%, due to reduction of transfers from Water &
Sewer fund, in comparison with the previous year. Total wastewater FY 2023 projects expenses are
increased by $4,578,937 or 115%.
96
City of Eustis, Florida
Adopted Annual Budget