FY 2025 BUDGET BOOK - Flipbook - Page 96
➢ Sewer Cleaning Tank (PW Dept - Wastewater) - $570,000
➢ Ferran Park Seawall (Parks & Rec. Dept) - $550,000
➢ Corey Roll Field Improvements (Parks & Rec. Dept) - $530,000
➢ Sidewalk Replacements City-wide (PW Dept - Transportation) - $520,000
➢ Unimproved Roads Engineering Design (PW Dept - Transportation) - $500,000
➢ Equipment (Police Dept) - $490,000
➢ Lift Station Emergency Generator Replace (PW Dept - Wastewater) - $475,000
➢ Camera Vehicle (PW Dept - Wastewater) - $450,000
➢ CR44 Force Main (PW Dept - Wastewater) - $420,000
➢ Signalization Camera (PW Dept - Transportation) - $420,000
➢ Cornelia Dr. Second Connection Point (PW Dept - Water) - $410,000
➢ Rosenwald 7 Blocks Watermain (PW Dept - Water) - $400,000
➢ Dump Truck Replacement (PW Dept - Transportation) - $400,000
➢ Laurel Oak Rd. Water Main Replacement (PW Dept - Water) - $400,000
➢ Stormwater Camera (PW Dept - Stormwater) - $400,000
➢ Street Sweeper (PW Dept - Stormwater) - $400,000
➢ Mobility New Sidewalks (PW Dept - Transportation) - $330,000
Sales Tax Capital Projects Fund
This fund accounts for the capital expenditures of the one-cent infrastructure sales tax to be incurred
over a period of five years. Each project is presented along with the amount to be expended in each
year and the method of paying for those expenditures.
Proprietary Funds
The City uses proprietary funds to account for its business-type activities. The City has several
proprietary funds. These proprietary funds include fees or charges on external users for use of the
services provided.
➢ Water and Wastewater Revenue Fund – This fund accounts for user fees and other revenues
related to the operation of the City’s utility system. Fees are charged to the users for service
to fund the ongoing operating and capital needs of water, sewer, and reclaimed water services
provided.
➢ Reclaimed Water Project Fund – This fund accounts for reclaimed water projects that are used
for irrigation and other uses to supplement the City’s water supply. Funding is derived from
inter-fund transfers from the Water and Sewer Revenue Fund.
➢ Water and Wastewater Renewal and Replacement Fund – This fund covers anticipated expenses
for major repairs of the City’s utility facilities as well as replacement of related equipment.
Funding is derived from inter-fund transfers from the Water and Sewer Revenue Fund.
FY 2024/25 Budget Development
This section describes the major sources of revenues and expenditures, along with trends utilized
in developing the FY 2024/25 Adopted Budget. The City maintains a balanced budget approach in
compliance with Sec. 166.029 F. S. in which available revenues from taxation and other sources,
including balances brought forward from prior fiscal years, must equal the total appropriations for
expenditures and reserves. The General Fund, special revenue, and capital projects funds’ limited
revenue sources for expenditures have been allocated with projected available resources in order
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