FY 2026 Adopted Budget - Flipbook - Page 95
circulation in Lake County. Both public hearings allow the public to speak to the City Commission
and ask questions about the tentative and final millage rate and budget. The final TRIM hearing must
be held prior to October 1.
The City’s FY 2025/26 Budget Calendar provides condensed information regarding specific actions
and deadlines regarding the budget process that are required to meet all State and City budget
adoption requirements.
Budget Document Organization
The budget document is organized in the following sequential parts:
Table of Contents
City Manager’s Message - Letter of Transmittal
This section includes the City Manager’s message to the City Commission describing the
budget as presented and factors that were considered in the preparation of the budget
City of Eustis Profile
This section introduces the reader to the City of Eustis, FL. Included is a map detailing the
location of Eustis, FL
Vision, Mission, Core Values, & Strategic Plan
This section outlines the City’s Vision, Mission Statement, Core Values, Strategies, and
Goals for its future direction
Ad Valorem Millage Ranking
This section demonstrates the City of Eustis millage position among the other
municipalities in the County
City-wide Organization Chart and Authorized Personnel Comparison
This section depicts the City’s reporting structure and distribution of its human resource
assets
Budget-in-Brief Section
This section provides the reader with information helpful for understanding the City’s
process of developing the annual budget. Included are narratives about the budget
process, fund types and basis of budgeting, revenue sources and trends, and financial
policies. Also included is a section devoted to the City’s debt position listing its outstanding
debt issues, debt service funding sources, and overall debt policy
Budget Calendar
This calendar provides key dates and events throughout the course of the budget
development cycle
All Funds Budget Summary
This section provides the budgeted revenue, expense, and fund balance scenarios for all
the City’s funds
Expenditures – Departmental Details
Department budgets support the goals and objectives established by the City
Commission. Each departmental section provides detailed personal services, operating
expenditures, and capital outlay by departmental division line items. The capital outlay
schedule includes both additional new items as well as replacement items
Glossary
This section defines technical terms related to finance and accounting, as well as nonfinancial terms related to the City
Financial Structure
A fund is a fiscal and accounting entity with a self-balancing set of accounts recording cash and other
financial resources, together with all expenditures and related liabilities and residual equities,
or balances, and changes therein that are segregated for carrying on specific activities or
attaining certain objectives in accordance with special regulations, restrictions, or limitations.
Appropriated funds are segregated by governmental, enterprise and fiduciary funds.
Governmental funds are used to account for most of the City’s tax-supported activities. Enterprise
funds are used by the City to account for revenue sources derived from fees charged to third parties
to provide for ongoing operating and capital needs (typically City utilities). The City has fiduciary
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