ACFR FY 2023 Final - Flipbook - Page 25
City of Eustis, Florida
FINANCIAL SECTION
additions have been madeÿ These improvements include mccullochs Alley and bay Street sewer
and reclaimed water line improvements, main WWTp extensions, holding pond improvements, and
the Water Department ofoce on CR 44. Additional increases in business-type activities include the
purchase of water meter replacements, chemical feed systems and water pump service equipment
for the Water and Wastewater departmentsÿ
The City9s total long-term debt decreased by $889,737ÿ Governmental long-term debt decreased
by $278,884, and business-type activities long-term debt decreased by $610,853ÿ The decrease in
governmental and business-type activities is due to regularly scheduled debt service paymentsÿ
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the City9s basic onancial statements. The City9s basic onancial statements consist of three components:
1ÿ Government-Wide Financial Statementsÿ
2ÿ Fund Financial Statementsÿ
3ÿ Notes to the Financial Statementsÿ
The primary onancial statements present two different views of the City through the presentation of
government-wide statements and fund onancial statements. In addition to the basic onancial statements, this report contains other supplemental information that will enhance the reader9s understanding of the onancial condition of the City of Eustis.
Table 1 : Organization and Flow of Financial Section Information
Organization and Flow of Financial Section Information
Report of Independent Certified Public Accountants
Provides the opinion of the Independent CPAs
on the fair presentation of the basic financial statements.
Management's Discussion and Analysis
This supplementary information is required for State and local government financial statements and is intended to
provide a narrative introduction, overview and analysis.
Government-Wide Financial Statements
Fund Financial Statements
Provides information on governmental and businesstype activities of the primary government.
Provides information on the financial position of
specific funds of the primary government.
Notes to Financial Statements
Provides a summary of significant accounting
policies and related disclosures.
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Annual Comprehensive Financial Report | September 30, 2023
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