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 2026/27 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.
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
This section defines technical terms related to finance and accounting, as well as non-financial terms related to the City
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
84