Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 133
Budget-In-Brief → Changes beTween ProPoseD anD ProjeCTeD buDgeT
049 Stormwater Utility Revenue Fund: $104,293 or 14.74% fund balance decrease
In comparison with FY 2023, the expenditure amount of FY 2024 is higher by $95,563, more CIP
projects.
059 Fire Prevention Capital Trust Fund: $41,100 or 46.95% fund balance increase.
Three major capital CIP projects Gear Room, Fireboat Carport, and Fire equipment totaling
$138,966, have been completed in FY 23, no capital improvements projects in FY 24.
062 Fire Pension Trust Fund: $1,665,000 or 12.93% fund balance increase.
Fire insurance premium tax increased by 4.5%, City contributions increased by $1,000. Employees’
contributions increased as well.
063 Parks & Recreation Capacity Expansion Trust Fund: $91,900 or 30.02% fund balance increase.
The interest revenue has increased significantly in FY 23, by 4,545%. The transfer to the General
Fund was increased by $1,541 or it was 77% more than it was budgeted.
064 Law Enforcement Capacity Expansion: $156,865 or 38.44% fund balance decrease.
$200,000 Evidence Storage construction - significant capital project was budgeted in FY 24.
065 Water Impact Trust: $962,000 or 12.95% fund balance decrease.
In FY 24 the revenue increased only by 0.01%. In FY 23 the fund had an additional Eastern Reclaim
Tank Expansion capital improvement project costs of $1,226,250, which resulted in the total $962,000
total fund balance decrease.
068 Economic Development Trust Fund: $104,138 or 99.51% fund balance decrease.
In FY 2023 City signed an agreement for the Economic Development Incubator to increase entrepreneurial business activities and support new businesses. In FY 24 the revenue increased by
0.42%, as a result of Lake County Aid. The expenditures have increased significantly, by 1.03% but
the future outcome will be very beneficial for the City. Professional services and economic expenditures have increased by $21,000 or 54%.
069 Library Capacity Expansion Trust Fund: $23,900 or 25.26% fund balance increase.
The interest revenue has increased significantly in FY 23, by 1,500%. Library projected impact fee
revenue in FY 23 is significantly higher than it was budgeted: by $19,000 or 76%.
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City of Eustis, Florida
Adopted Budget
131
