FY 2025 BUDGET BOOK - Flipbook - Page 11
September 19, 2024
Honorable Mayor and City Commissioners:
I am delighted to introduce the Adopted Annual Budget for the fiscal year beginning on October 1,
2024, and ending September 30, 2025. This budget is based on my understanding of the
Commission’s top priorities and the level of service required to fulfill the community’s needs.
This document represents the culmination of the annual budget process, commencing in March
and ending with the final adoption on September 19, 2024. The budget is fully compliant with the
mandates of the City Charter, relevant Florida Statutes, the City’s Financial Policies, and is aligned
with the goals and objectives outlined in the City’s Strategic Plan.
Eustis remains a vibrant and thriving community that residents and businesses can take pride in.
The City’s fiscal health continues to be strong and stable. The Commission has exercised fiscal
restraint and implemented expenditure plans that are within the City’s available revenue streams.
Over the past several years, Eustis has consistently adopted balanced budgets, adhering to the
City’s definition of a balanced budget, wherein total recurring revenues meet or exceed total
recurring expenditures, practicing responsible financial practices.
The expenditure budget of $66,588,362 (Proposed Budget Summary, page 84 includes the
acquisition of public safety vehicles, water and sewer projects, street resurfacing as well as
funding for the police and fire pensions. There are several major projects slated for FY 2024/25.
The most significant project in the FY 2024/25 budget is the Coolidge utility and road project. This
will include engineering/expansion of the Rosenwald Roads – including Coolidge Street from Bates
Ave to Getford Ave and the reconstruction of the east/west roadways from Wall St to Getford St
within these limits. The final project will include stormwater improvements, sidewalks, lighting,
new sewer upgrades, and a new watermain construction to include fire protection. Other significant
projects include City-wide street resurfacing and sidewalk maintenance within the community
redevelopment area, design and construction for the cemetery and the Ferran Park seawall.
The City continues to experience steady growth, with an increase in population from 20,127 in 2016
to an estimated 24,180 projected in FY 2024/25 with a current growth rate of 5.4% since April 1, 2020
(U.S. Census Bureau data).
Figure 1:
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