CIP FY 26-30 Final - Flipbook - Page 16
Assuming the City completes all capital projects budgeted in FY 2024/25, the fiscal year-end fund
balance is projected to be $4,159. In previous years, this fund had been projected to have a negative
fund balance into the foreseeable future. The outlook is somewhat more positive now that projects
have been moved to the Unfunded Projects list.
The Sales Tax Capital Project Fund is a crucial financial resource for the City of Eustis. One of the
significant advantages of the Sales Tax Capital Project Fund is its versatility and flexibility. It provides
funding for capital improvements throughout the City and allows the City to respond to changing
needs and prioritize projects based on current demands as well as long-term goals. It also helps to
reduce the reliance on traditional borrowing methods, thereby minimizing debt burdens and financial
risks. Through sales tax revenue, the City continues to invest in a brighter and more prosperous future
for its residents and businesses.
Sales Tax Projects Fund
Fund Balance, Beginning of the Year
Estim ated
Proposed
Projected
Projected
Projected
Projected
FY 24-25
FY 25-26
FY 26-27
FY 27-28
FY 28-29
FY 29-30
$
Revenue
3,506,734
$
3,325,000
Interest Earnings
Grant - NorthShore Culvert
Grant / County Aid (Rosenw ald)
Grant / State Aid (Rosenw ald - FDOT)
Library Expansion - County Impact Fees
Total Revenue
Total Funding Available
4,159
$
1,061,378
$
341,076
$
(2,560,556)
$
(864,641)
2,879,719
2,994,908
3,114,704
3,239,292
3,368,864
75,000
93,000
95,790
98,664
101,624
104,672
-
200,000
-
-
-
-
1,250,000
1,590,225
-
850,000
1,890,000
500,000
500,000
-
-
-
6,240,225
6,412,719
3,590,698
3,213,368
3,340,916
3,473,536
9,746,959
6,416,878
4,652,076
3,554,444
780,359
2,608,896
1,854,000
Less:
9,742,800
5,355,500
4,311,000
6,115,000
1,645,000
Total Expenditures
CIP Projects
9,742,800
5,355,500
4,311,000
6,115,000
1,645,000
1,854,000
Net Operating Incom e (Loss)
(3,502,575)
1,057,219
(720,302)
(2,901,632)
1,695,916
1,619,536
Fund Balance, End of the Year
$
4,159
$
1,061,378
$
341,076
$
(2,560,556)
$
(864,641)
Notes:
1. Beginning Fund Balance in FY 2024/25 ties with ACFR for FY 2023/24 year-end balance
2. CIP Expenditure projections for FY 2026/30 are based on estimated costs for CIP projects
3. Assumes that project budgets are fully spent each year going forward
12
$
754,896
