{
    "document_id": 12528,
    "page": 104,
    "width_pt": 612,
    "height_pt": 792,
    "rotation": 0,
    "pipeline_version": "paddleocr-vl-1.6+paul-48",
    "engine": "paddleocr_vl",
    "source_run_id": 12639,
    "item_count": 18,
    "counts_by_type": {
        "footer": 1,
        "heading": 4,
        "text": 13
    },
    "build_ms": 2,
    "items": [
        {
            "id": "p104.1",
            "order": 1,
            "type": "text",
            "bbox": {
                "l": 47.52,
                "t": 755.76,
                "r": 556.08,
                "b": 690.24
            },
            "text": "Consumer Price Index taken into consideration (Table 5, page 23). There has been an increase in expenditures for capital improvement projects in FY 2026/27, especially in the Water & Sewer Replacement & Renewal Fund which has budgeted $1,700,000 for a Ground Storage Tank and $1,160,000 for a Lift Station Generator. The detailed expenditures related to operating costs are reflected in the individual department pages by fund."
        },
        {
            "id": "p104.2",
            "order": 2,
            "type": "text",
            "bbox": {
                "l": 47.04,
                "t": 684.96,
                "r": 556.32,
                "b": 631.92
            },
            "text": "The City is required to fund the CRA for the increase in Tax Increment Funding each year as mandated by State of Florida CRA Statutes. The estimated transfer will be $999,682 (Community Redevelopment Summary, page 254), based on taxable values as provided by the Lake County Property Appraiser's Office."
        },
        {
            "id": "p104.3",
            "order": 3,
            "type": "heading",
            "bbox": {
                "l": 48.24,
                "t": 618.96,
                "r": 151.44,
                "b": 606.24
            },
            "text": "Financial Policies",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p104.4",
            "order": 4,
            "type": "text",
            "bbox": {
                "l": 47.28,
                "t": 600,
                "r": 553.68,
                "b": 521.76
            },
            "text": "This section describes the major financial policies that affect the City's long-term financial planning and budgeting processes. The City's financial policies serve to match spending needs with available resources. The annual budget is prepared as a balanced budget, with total revenues and other financing sources equaling total expenditures/expenses and other financing uses for each fund. Any shortfalls of current revenue sources matched against anticipated expenditures are supplemented with a reduction in the existing fund balance."
        },
        {
            "id": "p104.5",
            "order": 5,
            "type": "text",
            "bbox": {
                "l": 47.28,
                "t": 516.24,
                "r": 553.44,
                "b": 463.92
            },
            "text": "The use of fund balance to balance a fund's budget makes a fund balance reserve policy an important planning and budgeting tool. Large-scale capital project spending needs and fluctuating interest rates make debt management a closely watched financial policy issue. Investing the City's financial resources so that the funds' values keep pace with rising costs is aggressively administered."
        },
        {
            "id": "p104.6",
            "order": 6,
            "type": "heading",
            "bbox": {
                "l": 48.48,
                "t": 449.76,
                "r": 164.16,
                "b": 435.84
            },
            "text": "Operating Policies:",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p104.7",
            "order": 7,
            "type": "text",
            "bbox": {
                "l": 47.04,
                "t": 429.6,
                "r": 552.72,
                "b": 403.68
            },
            "text": "The City will develop and maintain accounting and budgetary control systems to adequately safeguard the assets being held in public trust."
        },
        {
            "id": "p104.8",
            "order": 8,
            "type": "text",
            "bbox": {
                "l": 47.28,
                "t": 398.16,
                "r": 552.48,
                "b": 372
            },
            "text": "The City will limit current expenditures to match against currently anticipated revenues. The City will avoid balancing current operating expenditures with borrowed revenues."
        },
        {
            "id": "p104.9",
            "order": 9,
            "type": "text",
            "bbox": {
                "l": 47.76,
                "t": 366.24,
                "r": 552.48,
                "b": 340.32
            },
            "text": "The City will provide for adequate maintenance of capital, plant, and equipment and for their orderly replacement."
        },
        {
            "id": "p104.10",
            "order": 10,
            "type": "text",
            "bbox": {
                "l": 47.52,
                "t": 334.8,
                "r": 553.44,
                "b": 295.68
            },
            "text": "The City will balance its budget year so that each fund's budgeted revenues equal the budgeted expenditures. The utilization of the existing fund balance as a revenue source to meet current needs will be minimized as much as possible."
        },
        {
            "id": "p104.11",
            "order": 11,
            "type": "heading",
            "bbox": {
                "l": 48.48,
                "t": 281.52,
                "r": 149.28,
                "b": 269.28
            },
            "text": "Revenue Policies:",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p104.12",
            "order": 12,
            "type": "text",
            "bbox": {
                "l": 47.28,
                "t": 262.56,
                "r": 553.68,
                "b": 236.16
            },
            "text": "The City shall maintain, as permitted by State law, a diversified revenue base to offset the effects of short-term fluctuations in any one revenue source and reduce reliance on any one revenue source."
        },
        {
            "id": "p104.13",
            "order": 13,
            "type": "text",
            "bbox": {
                "l": 47.52,
                "t": 230.64,
                "r": 553.2,
                "b": 191.04
            },
            "text": "This City shall estimate its annual revenues as part of the budgetary process through a conservative, objective, and analytical process. It will review and evaluate new revenue sources to fund operating expenditures consistently with the City Commission's goals and objectives."
        },
        {
            "id": "p104.14",
            "order": 14,
            "type": "text",
            "bbox": {
                "l": 47.76,
                "t": 186.24,
                "r": 553.44,
                "b": 147.36
            },
            "text": "The City shall establish all user charges and fees to recover all or a portion of the cost of providing a service. The City shall review user fees/charges periodically to ensure they are fair and equitable to all users."
        },
        {
            "id": "p104.15",
            "order": 15,
            "type": "text",
            "bbox": {
                "l": 48,
                "t": 141.6,
                "r": 553.44,
                "b": 102.24
            },
            "text": "The City shall transfer a portion of the budgeted operating revenue from the Water and Sewer Utility Revenue Fund to the General Fund as a return on the City's investment in the utility infrastructure and for administrative purposes."
        },
        {
            "id": "p104.16",
            "order": 16,
            "type": "heading",
            "bbox": {
                "l": 48.24,
                "t": 86.88,
                "r": 165.36,
                "b": 73.92
            },
            "text": "Fund Balance Policy",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p104.17",
            "order": 17,
            "type": "text",
            "bbox": {
                "l": 47.52,
                "t": 68.64,
                "r": 553.44,
                "b": 29.28
            },
            "text": "The City has established a Fund Balance Policy in accordance with Governmental Accounting Standards Board Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions as adopted in Resolution 11-2292. Fund Balances have been designated as non-"
        },
        {
            "id": "p104.18",
            "order": 18,
            "type": "footer",
            "bbox": {
                "l": 532.32,
                "t": 29.28,
                "r": 546.72,
                "b": 19.2
            },
            "text": "93",
            "attrs": {
                "block_label": "number"
            }
        }
    ],
    "excluded_furniture": {
        "first": [],
        "last": []
    }
}