Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 107
Budget-In-Brief → buDgeT oVerView
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Water and Sewer Sales:
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Usage Patterns: Assumptions about water and sewer usage are based on historical data,
seasonal variations, and expected changes in consumption due to factors like population growth and weather conditions. A 5% yearly growth in estimated revenue for water
and sewer sales in FY 2025-28 was applied, taking into account the rapid expansion of
the city and the development of new subdivisions.
Rate Adjustments: Forecasts consider potential rate adjustments for water and sewer
services, which can impact revenue generation. Currently, the City is in the process of
conducting a study on water and sewer rates. In the upcoming fiscal year, the existing
revenue figures will be modified to align with the most recent data from the rate study.
See the example below: Citywide Major Revenue Sources of $1 Million or more:
Table 17:
Revenue Forecast FY 2024-2028
Major Revenues
- Citywide
Water & Sewer Sales
Ad Valorem Taxes
Utility Taxes
Sales Taxes
Franchise Fees
1/2 Cent Sales Tax
Total
FY 23/24
Budget
Inc.
13,163,500 5.0%
11,367,297 2.0%
3,191,444 2.0%
2,925,741 2.0%
2,165,600 2.0%
1,639,876 2.0%
$34,453,458
FY 24/25
Forecast
Inc.
13,821,675 5.0%
11,594,643 2.0%
3,255,273 2.0%
2,984,256 2.0%
2,208,912 2.0%
1,672,674 2.0%
$35,537,433
FY 25/26
Forecast
Inc.
14,512,759 5.0%
11,826,536 2.0%
3,320,378 2.0%
3,043,941 2.0%
2,253,090 2.0%
1,706,127 2.0%
$36,662,831
FY 26/27
Forecast
Inc.
15,238,397 5.0%
12,063,067 2.0%
3,386,786 2.0%
3,104,820 2.0%
2,298,152 2.0%
1,740,250 2.0%
$37,831,472
FY 27/28
Forecast
16,000,317
12,304,328
3,454,522
3,166,916
2,344,115
1,775,055
$39,045,253
20M
16M
12M
8M
4M
0
Water & Sewer
Sales
Ad Valorem
Taxes
FY 23/24 Budget
FY 26/27 Forecast
Back to TOC
Utility Taxes
Sales Taxes
FY 24/25 Forecast
FY 27/28 Forecast
Franchise Fees
1/2 Cent Sales
Tax
FY 25/26 Forecast
City of Eustis, Florida
Adopted Budget
105
