ACFR FY 2023 Final - Flipbook - Page 126
FINANCIAL SECTION
City of Eustis, Florida
REQUIRED SUPPLEMENTARY INFORMATION, OTHER THAN
MD&A; INCLUDING BUDGETARY SCHEDULES
Major Governmental Funds
Under GASB 34 the focus of the fund onancial statements is on major funds. These funds are deoned
based on a numerical formula and generally represent the City9s most important fundsÿ 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 Eustisÿ The fund carries out the
general operations of the City and accounts for the essential functions of the Cityÿ
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 beneot of revitalization of these areas.
Sales Tax Capital Projects Fund
This fund is used to account for the City9s share of the voted one-cent infrastructure sales tax, which
is restricted to capital projectsÿ
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 indicatedÿ
Schedule of Changes in Total OPEB Liability
Actuarial valuation of the City9s progress in funding its OpEb obligation based on actuarial valuationsÿ
Schedule of Proportionate Share of FRS Net Pension Liability
Florida Retirement System (FRS) and Health Insurance Subsidy (HIS) last ten-year informationÿ
Schedule of FRS Contributions
Florida Retirement System (FRS) and Health Insurance Subsidy (HIS) ten-year contribution informationÿ
The basis of accounting of budgetary comparison schedules is represented under GAAP basis
of accounting.
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Annual Comprehensive Financial Report | September 30, 2023
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