FY 2023 ADOPTED BUDGET AS OF 9-22-22 - Flipbook - Page 99
Budget-In-Brief → Changes Between Proposed and Projected Budget
Fire Prevention Capital Trust Fund: $90,895 or 50.02% fund balance decrease.
Two major capital CIP projects Gear Room and Fireboat Carport, totaling $120,000, have been
moved from the Sales Tax Capital Projects fund to Fire Prevention fund.
Police Pension Trust Fund: $2,886,485 or 10.92% fund balance increase.
Budgeted investment sales increased by $2,826,416, the increase is based on FY 2021-22
investments stocks sales. Police officers’ contributions to the pension fund increased almost by
$22,533 or 16%.
Budgeted pension benefits decreased by $150,000 or 14%.
Fire Pension Trust Fund: $1,968,000 or 13.66% fund balance increase.
Budgeted investment sales increased by $1,415,716, the increase is based on FY 2022 investments
stocks sales. Budgeted investment interest is increased by $240,000 or 120%, calculations are based
on FY 2021 actual interest received.
Parks & Recreation Capacity Expansion Trust Fund: $49,095 or 24.71% fund balance increase.
Transfers to the General Fund are decreased by $1,645 or 78%. In FY 2022, the department was
able to transfer more than it was budgeted. The moderate budgeted amount for FY 2023 is at the
same level as it was last fiscal year.
Sewer Impact Trust Fund: $352,574 or 22.18% fund balance increase.
Sewer impact fees have been increased by $169,400 or 91%, due to the new City construction.
The total revenue is increased by $173,039 or 36%
Economic Development Trust Fund: $71,450 or 49.81% fund balance decrease.
The total program income revenue is decreased by $4,000 or 10%
Professional services and economic expenditures are increased by $9,025 or 129%; FY 2022
expenditures were significantly lower than budgeted. FY 2023 expenditures were budgeted at
the last fiscal year’s level. Economic development incentives expenditures increased by $26,500 or
41%.
Library Capacity Expansion Trust Fund: $10,260 or 18.10% fund balance increase.
Library projected impact fee revenue in FY 2022 is significantly higher than it was budgeted: by
$27,000 or 73%. Total library expenditures increased by $1,790 or 14%.
City of Eustis, Florida
Adopted Annual Budget
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