ACFR FY 2022 FINAL BOOK - Flipbook - Page 10
INTRODUCTORY SECTION
City of Eustis, Florida
The City utilizes a Commission/manager form of government� Five Commission members are
elected to staggered four-year terms� Each year the Commission chooses a new mayor and Vice
mayor from the existing group of Commissioners� Elections are held on the first Tuesday after the
first monday in November, and the winners take a seat during the first meeting in January�
The City manager is a full-time position appointed by the Commission and serves as the City’s Chief
Executive/Administrative Officer� The City manager, per the charter, appoints both the Finance
Director and the City Clerk� Once the City manager appoints these positions, the City Commission
must also approve the positions� The charter authorizes departments for Finance, police, Fire, Water,
Sewer, and public Works� Other departments may be established by ordinance upon the recommendation of the City manager� A Director shall head each department, subject to the discretion
of the City manager�
The annual budget is the City’s financial planning and control foundation� All City departments are
required to submit requests for appropriations to the City manager� The City manager uses these
requests to develop the proposed budget� The City Commission must approve all purchases over
$50,000 and any amendments to the budget� The staff prepares a resolution for any increase in
expenditures to amend the budget�
The City manager presents the proposed budget to the City Commission for review no less than
forty-five (45) days before the expiration of each fiscal year� The City Commission must hold two (2)
public hearings on the proposed budget and adopt a final budget no later than September 30th, the
close of the City’s fiscal year� The appropriated budget coding is prepared by fund, function, and
program� budgets for all governmental fund types are adopted consistent with generally accepted
accounting principles� budget-to-actual comparisons are provided for each governmental fund�
The City also prepares a five-year Capital Improvement plan, which is reviewed and updated annually� The Five-Year Capital Improvement plan provides a City-wide plan for utility improvements,
equipment replacements, and growth-related projects� The plan details the development of revenue
projections and capital needs assumptions� The Sales Tax Capital projects Fund revenue provides
many improvements that benefit the community, such as infrastructure, police and fire vehicles,
equipment, and parks and recreation enhancements�
budgeted revenue and operating expenditures are currently very conservative and calculated
based on the most recent history for revenue with a modest increase in expenditures� In addition
to the general assumptions, each department estimates the workforce and equipment necessary
to maintain adequate service levels� The City maintains a healthy unassigned fund balance in the
General Fund of $14�1 million, which is 97�2% of the total fund balance, including an emergency
contingency of $405,873�
As stated above, the City develops multi-year forecasts for the major funds and capital improvement
plan� Some of the key projects reflected in the capital improvement plans are:
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multiple community park improvements
Street rehabilitation, including sealing and resurfacing projects
Library facility maintenance and computer upgrades
City-wide information technology upgrades
Water and sewer improvements
public Safety vehicle replacement program
Improvements to buildings
Annual Comprehensive Financial Report | September 30, 2022