Trust & Agency Funds~;
y~y~
T ~-1
,~
2
TRUST AND A ~ENCY
FUNDS
158
POLICE TRUST FUND
The Police Trust Fund is funded by court fines and penalties for violation of "'
statutory offenses, forfeits of bonds and deposits and proceeds from confiscated
property. The use of these funds is restricted by Florida Statute 934.704 for police
training, crime prevention, drug education and other taw enforcement purposes as _
out-lined in the Statute. The Police Trust Fund reflects a transfer from the General
Fund to be used for police investigations. Other expenditures in the Fund are
contingent on funds available from confiscated property. _
PENSION FUND
The Pension Fund accounts for the City's General Employees, Police and
Firefighter's Pension Funds. The City's pension board has requested that S28,130
in funds be allocated in fiscal 1996/1997 for pension board expenses which
include actuarial fees, legal fees, insurance, and travel and training. Since the City
Pension ordinance requires that the City pay all pension fund expenses, a transfer
from the General Fund to the Pension Fund has been budgeted for this amount.
(Please note -the balance forward in the Pension Fund represents the pension's
assets at market value.) '-
159
CITY OF ATLANTIC BEACH
TRUST AND AGENCY FUNDS
COMBINED SUMMARY OF TRUST AND AGENCY FUNDS
REVISED
ACTUAL ACTUAL BUDGET BUDGET INCREASE
1093-04 1994-95 1995-96 1096-97 DECREASE
CASH CARRY FORWARD
RFVFNI IFS
POLICE TRUST FUND
PENSION TRUST FUND
TOTAL REVENUES
OTHER FINANCING SOURCES
TOTAL RESOURCES
POLICE TRUST FUND
PENSION TRUST FUND
TOTAL EXPENDITURES
OTHER FINANCING USES
CASH RESERVES
TOTAL IXPENDITURES AND
CASH RESERVES
RESOURCE ALLOC
Personal SeMces
OpereOnp E~enses
Capital Outlay
Debt SeMce
Trensfere
TOTAL
4.931,647 4,563,397 5.548,597 6.103,918 644.721
15.024 10,784 62,140 6,250 (55,890)
993.558 1.254.283 879.406 987.326 107.922
408.582 1.265,067 941.546 993.578 52.032
9.668 1.156
~.Z4~.24_L -5.929.42Q_ 4 0 ~ 7.186.646_
24,058 23,979 37,675 32,200 (5,475)
155.842 257.042 259.150 380.874 121.724
179.900 281.021 296.825 413.074 116.249
4.563,397 5.548.597 6.193,318 6.773,822 580.504
~.Z43.24L _5.624.616_ _s a44.14~ 7.164.64 05~~;?L
123,596 220,369 211,017 319,474 108,457
52,760 57,252 77,808 86,400 8,592
3.544 3.400 8.000 7.200 (800)
~.Z9,400_ l26L02L ~$96,Q25_ X13 VL4 X6,249
160
CITY OF ATLANTIC BEACH
DEPARTMENTAL SUMMARY
TRUST FUND
POLICE TRUST FUND
REVISED
ACTUAL ACTUAL BUDGET BUDGET INCREASE
1993-94 1994-95 1995.96 1996-97 DECREASE
CsRH CARRY FORWARD 19
932 14.568 2.527 28.992 24.465
.
REVENUES
Confiscated party 47,140 (47,140)
CotrA Case Revenues 14,062 1,102 3,000 5.000 2,000
Interest Income 962 276 1,250 1250
Treruler from General FuM 9.164 12.000 (12.000)
TOTAL REVENUES 15.024 10.764 82.140 8.250 (55.890)
OTHER FlNANCING SOURCE 9.888 1.158
T07AL RECOURCES 38.824 28.508 84.887 33.242 (31.4251
Investlgatbre 1,997 5,900
Trevel end Treining 14,465 14,164 19,175 25,000 5,625
Canmtmkatbre 848 515
Fhintlng and Pubfishirq 500 (500)
Rental and Leases
Other Current Charges 94 10.000 (10.000)
Operetlrrg Supplies 840
Machinery d Equlpmenl 2,270
Transfer General Fund 3,400 6,000 7200 (600)
Trensfer io Blond Grant 3.544
TOTAL EXPENDITURES X4,058_ ~23.9Z9_ ~LfiLi X2200_ (5dL5)
CASH RESERVES 11.568 2.527 26.992 1.042 015,9501
OTHER FINANCING USES
TOTAL EXPENDITURES d
CASH RESERVES 38 824 ~8,~ 84.867 33 212 (31A25)
RESOURCE ALLOCATION
Personal Servkes
Operating Expenses 20,514 20,579 29,675 25,000 (4.675)
Capital Outlay
Debt Servke
Transfers 3.544 3.400 8.000 7200 (800)
TOTAL 24.058 23,979_ 37.875 32.$OQ, (5.475)
161
CITY OF ATLANTIC BEACH
DEPARTMENTAL SUMMARY
PENSION FUND
REVISED
ACTUAL ACTUAL BUDGET BUDGET INCREASE
1993-84 1994.95 1995-98 1998-97 DECREASE
ceSH C-4RRY fORWARn 4.911.115 1.618.871 5.518.070 8.188.928 820.258
REVENUES
Slate-Fire 28,818 26,294 25,000 28,290 3,290
Slate-Pofioe 19,918 57,858 55,000 62,251 7,251
Eamhgs On Investments 24,760 827,587 360,000 420,000 60,000
Member CoNdbutiorre 93,905 99,115 105,717 119,432 13,715
CRy Contributions 190,159 243,429 328,689 329,225 2,538
Trerrefer Irarrl General Fund 7.000 28.130 21.130
TOTAL REVENUES 393.558 1.251.263 879.406 907.928 107.922
OTHER FINANCING SOURCE
TOTAL RECOURCES 4.704.873 5.80 .3114 6,425.476 7.153.854 728.178
FXPENDITLIRF3
Prefessbnel Services
32,248
35.668
12,500
54,500
12,000
Travel and TreiMnp 805 1,800 2,500 700
Retirement Benef4s 123,598 220,369 211,017 318,474 ~ 108,457
Olher 3.873 4.400 587
TOTAL EXPENDITURES 55,8.3 ~5ZS92 _259150_ ~0~ 121.724
CASH RESERVES 4.548,631 5.548.070 8.188.928 8.772.780 808.454
OTHER FINANCING USES
TOTAL EXPENDITURES b
CASH RESERVES 4.704.873 5.803.112 6.425.478 7.153,854 726.178
RESOURCE ALLOCATION
Personal Servkes 127,596 220,369 211,017 319,474 108,457
Operetinp Expenses 32,248 38.873 48,133 81,400 13,267
Capkal ONlay
Debt Servke
Trawlers
TOTAL 155.842 257.042 ~~0 380.874 121.724
162
163