FY 2026 Adopted Budget - Flipbook - Page 75
gatherings, discussions and interactions.
¾ Streetscape Improvements: Beautifying streets with landscaping.
Long-Term Financial Plan Summary
In summary, the LRFP involves consolidating all components of the plan and ensuring
continued alignment with the City’s priorities. It serves as a roadmap for financial decisionmaking and resource allocation. By following the plan, the City can proactively address
financial risks, seize opportunities and work towards achieving its long-term financial
objectives, ultimately contributing to the well-being and prosperity of the community.
City of Eustis Long-Term Debt
Table 9:
City of Eustis Outstanding Governmental and Business Activities Long-Term Debt
as of September 30, 2024
Beginning
Balance
Increases
Decreases
Ending
Balance
Governmental Type Activities:
Revenue Bonds and Notes Payable
CRA Loan
Subtotal
2,653,462
2,653,462
-
(122,201)
(122,201)
2,531,261
2,531,261
Other Liabilities
Total OPEB Obligation
Net Pension Liability
Compensated Absences
SBITA Liability
Lease Liability
Total Other Liabilities
2,386,302
12,772,728
1,857,245
419,071
17,435,346
81,994
124,478
206,473
(4,934,744)
(6,202)
(276,728)
(42,181)
(5,259,855)
2,468,296
7,837,984
1,851,043
142,343
82,297
12,381,964
Total Governmental Activities
$20,088,808
$206,473
$(5,382,055)
$14,913,225
Business Type Activities:
Revenue Bonds
Water & Sewer Revenue
Bonds, Series 2016
Subtotal
5,989,318
5,989,318
-
(362,343)
(362,343)
5,626,975
5,626,975
Notes Payable - Direct Borrowing:
State Revolving Note Agreement SRF 350302
State Revolving Note Agreement SRF 350300
Subtotal
2,514,668
146,997
2,661,665
-
(251,211)
(14,770)
(265,981)
2,263,457
132,227
2,395,684
Total Revenue Bonds and Notes
8,650,983
-
(628,324)
8,022,659
Other Liabilities
Total OPEB Obligation
Net Pension Liability
Compensated Absences
SBITA Liability
Total Other Liabilities
605,421
184,835
412,195
56,262
1,258,713
122,342
92,422
214,764
1,447
(27,740)
(26,293)
606,868
307,177
504,617
28,522
1,447,184
Total Business Type Activities
$9,909,696
$214,764
$(654,617)
$9,469,843
Total Activities
$29,998,504
$421,237
$(6,036,673)
$24,383,068
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