ACFR FY 2023 Final - Flipbook - Page 50
FINANCIAL SECTION
City of Eustis, Florida
City of Eustis, Florida
Statement of Net Position
September 30, 2023
Governmental Business Type
Activities
Activities
Total
Assets
Cash and Cash Equivalents
$ 26,724,235 $ 27,977,273 $ 54,701,508
Investments
3,023,606
443,296
3,466,902
Receivables, Net:
Accounts
1,375,183
1,364,443
2,739,626
Interest
63,207
77,917
141,124
Lease Receivable
2,687,649
2,687,649
Inventory
518,923
518,923
Due from Other Governmental Units
33,122
33,122
Due from Other Funds
20
20
prepaid Expense
48,328
39,927
88,255
Capital Assets:
Capital Assets, Not being Depreciated
35,143,348
9,763,929
44,907,277
Capital Assets, being Depreciated
72,943,429
93,352,854
166,296,283
Accumulated Depreciation
(40,285,677)
(51,813,965)
(92,099,642)
Total Assets
101,756,450
81,724,597
183,481,047
Net Deferred Outflow of Resources Related to Pensions/OPEB
Beneot Plan Deferrals:
Police Ofocers Pension
3,000,006
3,000,006
Fireoghters Pension
1,435,766
1,435,766
Florida Retirement System
94,828
94,828
Other Post-Employment Beneots
777,472
197,250
974,722
Total Deferred Outflows of Resources
5,308,072
197,250
5,505,322
Liabilities
Accounts payable and Accrued Liabilities
1,790,918
2,497,647
4,288,565
Unearned Revenue
111,618
5,250,340
5,361,958
Due Within One Year
484,157
710,555
1,194,712
Long-Term Liabilities:
Due in more Than One Year
4,445,621
8,408,885
12,854,506
Other Post-Employment Beneots
2,386,302
605,421
2,991,723
Net pension Liability:
Police Ofocers Pension
10,143,707
10,143,707
Fireoghters Pension
2,314,282
2,314,282
Florida Retirement System
314,739
184,835
499,574
Total Liabilities
21,991,344
17,657,683
39,649,027
Net Deferred Inflow of Resources Related to Pensions/OPEB
Beneot Plan Deferrals:
Police Ofocers Pension
317,625
317,625
Fireoghters Pension
570,029
570,029
Florida Retirement System
178,190
63,788
241,978
Other Post-Employment Beneots
1,125,712
285,601
1,411,313
Lease Inflows
2,516,633
2,516,633
Total Deferred Inflows of Resources
4,708,189
349,389
5,057,578
Net Position
64,728,567
Net Investment in Capital Assets
42,595,573
107,324,140
Restricted for:
building permits
1,726,235
1,726,235
Library
34,321
34,321
public Safety
725,280
725,280
Culture and Recreation
391,010
391,010
Capital projects
3,184,010
2,492,489
5,676,499
Renewal and Replacement
14,849,761
14,849,761
Community Development
3,068,310
3,068,310
Cemetery Expenses
290,522
290,522
Stormwater
799,643
799,643
Specioc Contributions Roads & Trees
1,276,619
1,276,619
Unrestricted
4,140,472
3,976,952
8,117,424
Total Net Position
$ 80,364,989 $ 63,914,775 $144,279,764
The notes to the onancial statements are an integral part of this statement.
50
Annual Comprehensive Financial Report | September 30, 2023
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