ACFR FY 2022 FINAL BOOK - Flipbook - Page 119
City of Eustis, Florida
FINANCIAL SECTION
REQUIRED SUPPLEMENTARY INFORMATION, OTHER THAN
MD&A; INCLUDING BUDGETARY SCHEDULES
Major Governmental Funds
Under GASb 34 the focus of the fund financial statements is on major funds� These funds are defined
based on a numerical formula and generally represent the government’s most important funds�
major funds for the City of Eustis are as follows:
General Fund
The General Fund will always be the major fund for the City of Eustis� The fund carries out the
general operations of the city and accounts for the essential functions of the city�
Street Improvement Fund
This fund is used to accumulate monies received from motor fuel gas tax sources� These funds are
legally restricted to street maintenance programs and the money is expended solely on maintenance
of the streets and rights-of-way within the city�
Community Redevelopment Trust Fund
This fund is used to account for the incremental tax increase within the Downtown and East Town
Redevelopment District� The funds are used for the exclusive benefit of revitalization of these areas�
Building Services Fund
This fund is used to account for revenues and expenditures associated with enforcing the Florida
building Code, per F�S� §553�80(7)(a)(b)�
Stormwater Utility Fund
This fund is used to accumulate revenues which will fund the programs necessary to address problems associated with Stormwater runoff�
Sales Tax Capital Projects Fund
This fund is used to account for the city’s share of the voted one-cent infrastructure sales tax, which
is restricted to capital projects�
Schedule of Contributions from Employer and Others
This information is presented for the Fire and police pension Funds and was prepared as part of the
actuarial valuations as of the dates indicated�
Schedule of Changes in Total OPEB Liability
Actuarial valuation of the city’s progress in funding its OpEb obligation based on actuarial valuations�
Schedule of Proportionate Share of FRS Net Pension Liability
Florida Retirement System (FRS) and Health Insurance Subsidy (HIS) last ten-year information�
Schedule of FRS Contributions
Florida Retirement System (FRS) and Health Insurance Subsidy (HIS) ten-year contribution information�
The basis of accounting of budgetary comparison schedules is represented under GAAp basis of accounting�
Annual Comprehensive Financial Report | September 30, 2022
119