Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 86
Strategic → CiTy of eusTis PerformanCe measuremenT sysTem anD buDgeT TrenDs
Developing Performance Measures:
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Revenue Growth - Citywide (Annual Comprehensive Financial Report)
Net Position (ACFR) – Citywide (Annual Comprehensive Financial Report)
Number of Employees (Annual Comprehensive Financial Report)
Number of Customers Requesting Service (Annual Comprehensive Financial Report)
Output Measures:
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Number of Permit Applications Reviewed (City Manager Letter Information)
Police and Fire Reports Filed (City Manager Letter Information)
Increase in New Business (Development Services Report)
Outcome Measures:
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Standardized Testing Scores (Demographic Data)
Change in Criminal Activity (Sheriff’s Office Reports)
Miles of Streets Maintained (Public Works Reports)
Numbers of Water Units Served (Public Works Reports)
Efficiency Measures:
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Youth & Sport Activities Data (City Manager Letter Information)
After School Programs (City Manager Letter Information)
Cultural Services Events (Parks & Recreation reports)
Amount of Employment Applications and New Recruitment (City Manager Letter Information).
Active integration of performance measures consistently throughout the budget process is
important in determining real budget figures, communication effects and assurance of correct
spending of taxpayers’ dollars.
Table below is a summary of City of Eustis financial results for the last five fiscal years.
Budget Trends and City Financial Performance Analysis
The Multi-Year Budget Trend Analysis is a tool that projects what future budgets might look like
based on current appropriation and revenue trends and anticipated economic growth over the analysis period. Since this analysis contains many assumptions, even a minor change in any of the
assumptions can make a significant difference to the surplus/deficit trend. If the estimated and
projected assumptions contained in the analysis do not materialize, the projections will be adjusted
accordingly.
Using the fiscal years 2020-22 of the actual budget, current trends are analyzed and forecasted
through the fiscal year ending September 30, 2024.
Key assumptions include:
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Water and Sewer Services Revenue growth 2.5% annually;
Other Revenues growth 3% annually;
Revenues from fines & forfeitures will remain flat;
Cost of COLA adjustment 5% for all full-time employees;
Flat pay of $1,000 to every current full time employee in FY 2024;
Operating cost due to inflation, services and commodities increase, grow by 5% annually;
City of Eustis, Florida
Adopted Budget
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