ACFR - FY2020 5-28-21 FINAL - Flipbook - Page 8
GAAP require that management provide a narrative introduction, overview, and analysis to
accompany the basic financial statements in the form of a Management’s Discussion and
Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be
read in conjunction with it. The City’s MD&A can be found immediately following the report of
the independent auditors.
Profile of the City
The City of Eustis is located in Lake County, Florida, approximately 25 miles northwest of
Orlando, Florida. At present, the City's boundaries span over 12 square miles of gently rolling
countryside and lakes, with a service area of approximately 26 square miles. The City was
incorporated in 1883, and adopted its present charter in 1992. A Charter Review Committee
made appropriate recommendations, which updated and streamlined the charter to current state
statutes.
Lake County is part of the Orlando Metropolitan Statistical Area (MSA). The area is composed
of multiple counties, including Orange, Seminole, and Osceola. The inclusion of Lake County in
the Orlando MSA indicates that a preponderance of the people live and work, as well as earn,
and spend money in this defined geographic area. The hub of this MSA is Orange County and
Lake County serves as a residential unit of the MSA.
The City, with an estimated population of 21,594, provides a full-range of general municipal
services including:
Building Inspections
Code Enforcement
Community and Economic Development
Parks, Recreation, Library, and Cultural Affairs
Police and Fire Protection
Stormwater Management
Street Maintenance, Traffic Engineering, and Parking
Water and Wastewater Services
Internal support services include the following:
Accounting and Financial Reporting
Accounts Payable and Accounts Receivable
Asset Management and Property Control
Budget and Budget Monitoring
Citywide Management
Debt Management
Treasury Management
Facilities Management
Human Resources, Labor Relations, and Risk Management
Information and Computer Systems
Procurement Services
Public Relations
Solid waste disposal is provided under a franchise agreement, and is performed by a private
company. The present agreement will expire December 31, 2024, in which the City will issue a
request for proposal (RFP) for competitive bids.
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