Director of Finance Presentation - 09.06.17Matthew Reimbursement Recap
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Fiscal Year 2018
Budget Workshop #4a
September 6, 2017
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Reserve Reconciliation
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Roadway Improvements
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Reserve Reconciliation
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Half Cent Discretionary Sales Tax Fund
This fund is restricted to capital projects that are similar in nature to the Better Jacksonville Plan
Transportation
Environment / Quality of life
Targeted Economic Development
Public Facilities
In FY18, we have budgeted renovations to Russell Park ($168K), Jordan Park ($100K) and Veterans Park ($65,000).
$25,000 in funding to assist residents transition from septic to sewer.
The fund has a remaining fund balance of $508,209
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Convention Development Tax Fund
The City of Atlantic Beach, through Resolution 91-5, has authorized these funds to be used to acquire and develop municipal parks, lifeguard stations, and/ or athletic fields. Contributions
to promote tourism in the beaches communities is also an approved use of these funds.
In FY18, we have budgeted:
Spray Park $250,000
Lifeguard Station Development $90,000
Beach Walkovers and Signage $70,000
The fund has a remaining fund balance of $10,629
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Local Option Gas Tax Fund
Usages: Capital outlay and maintenance for local roads and drainage systems.
In FY 18 this fund has $200,000 budgeted for paving, $150,000 for Street and Sidewalk Improvements. Additionally there is a transfer to the general fund of $232,000.
The fund has a remaining fund balance of $15,515
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1/10th of a Mil equals $150,673 to the General Fund
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In the past 5 years the General Fund has returned $1,500,422 to reserves. This is an average of $300,084 per year.
1/10th of a mil equals $150,673
A conservative salary lapse for the general fund equals $147,000
Salary Lapse
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