Trust & Agency Fundsr
~:
r
~ TRUST AND AGENCY
FUNDS
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 law 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 Pension Fund was not budgeted in previous years
since no costs were allocated to the fund. Actuarial costs were paid out of the
General Fund and no expenses were budgeted for the pension board members. The
City's pension board has requested that funds be allocated in fiscal 1995/1996 for
travel and training for pension board members. 52,000 has been budgeted for this
purpose. Actuarial fees have also been budgeted in the Pension Fund as well as the '-
State contributions to the Police and Firefighter's plans. Travei expenses and
actuarial fees are funded by a transfer from the General Fund. (Please note -the
balance forward in the Pension Fund represents the pension's assets at market '"'
value.)
133
CITY OF ATLANTIC BEACH
TRUST AND AGENCY FUNDS
COMBINED SUMMARY OF TRUST AND AGENCY FUNDS
REVISED
ACTUAL ACTUAL BUDGET BUDGET INCREASE
1992-93 1993-94 1994-95 1995-06 DECREASE
CASH CARRY FORWARD
REVENUES
POLICE TRUST FUND
PENSION TRUST FUND
TOTAL REVENUES
OTHER FINANCING SOURCES
TOTAL RESOURCES
POLICE TRUST FUND
PENSION TRUST FUND
TOTAL IXPENDITURES
OTHER FINANCING USES
CASH RESERVES
TOTAL EXPENDITURES AND
CASH RESERVES
RESOURCE ALLOCATION:
Perwnal Services
Operatlnp E~enses
Capital OuOay
Oebt Service
Tranafen
TOTAL
9.679,119 4.931,047 4.563,997 5.116,871 553.474
13,715 15,024 34,026 29,650 (4,976)
782.468 393.558 793.870 879.406 85.536
796.183 408.582 827.896 909.056 81.160
9.668
~.4Z@.2RC~. 4.743.29 5.991.203 .x.425 ta2L 634.634
23,515 24,058 46,422 29,650 (16,772)
118.272 155.842 229.000 254.017 25.017
141.787 179.900 275.422 283.667 8.245
2.462
4.331.047 4.563,997 5.115,871 5.742.260 626.389
~,4Z§.296_ ,.743,29E5.4$1,243- ~ Q26 @2L X34.634
118,272 123,596 195,500 211,017 15,517
15,963 50,490 58,451 72,650 14,199
1,695 2,270 21,471 (21,471)
5.857 3.544
141.78E 179.900 ~Z5,422_ _243,66 8,245.
134
CITY OF ATlJ1NTiC BEACH
DEPARTMENTAL SUMMARY
TRUSTFUNO
POLICE TRUST FUND
REVISED
ACTUAL ~ ACTUAL BUDGET BUDGET INCREASE
1992.93 1993.94 1994-95 1995-98 DECREASE
CASH CARRY FORWARD 32.194 19.932 11.568 2.170 !12.398)
REVENUES
Confiscated Property
Interest Ir>corne
Trarnler hom General Fund
TOTAL REVENUES
OTHER FINANCING SOURCE
TOTAL RECOURCES
12,713 14,062 28,276 17,650 (10,626)
1.002 962 750
5.000 12.000 7.000
_ 13.715 15.024 31.028 29.850 -
9.888
_ 45.909 38.821 49_592 31.820 !16.772)
FYP Npl rRFC
Investigatiorn
1,932
1,997
5,000
(5,000
Travel and Trainirq 10,519 14,185 18,291 19,150 2
659
Comrrumimtions 578 848 1.260 ,
)
(1
Printing end Publishing 415 ~
500
Rental and Leases 2,400 (2,400)
Other Current Charges 1,017 94 10,000 10
000
Operating Supplies 1,302 840 ,
Books and Subsaipions 200
MacNneryd Equipment 1,695 2,270 21,471 (21,471)
Transfar to BIerW Gran! 5.857 3.544
TOTAL EXPFJJOITURES
CASH RESERVES
OTHER FINANCING USES
TOTAL EXPENDITURES d
CASH RESERVES
~3.51~ ?4 OS 8~ 29.850_
_ 19.932 11.588 2.170 2.170
2.482
45.909 98.824 48.592 31.820 (10.772)
RESOURCE ALLOCATION
Personal Servkes
operating Expenses 16.963 18,244 24,961 29,650 4
5'99
~
S
O
~
sY 1,695 2270 21,471 ,
(21
471)
~
e
rv
ir ,
Transfms 5.857 3.544
TOTAL 23.515 21.058 10.422 26.850 !16.772)
r
135
CITY OF ATLANTIC BEACH
OEPARTMENTALSUMMARY
PENSION FUND
REVISED
ACTUAL ACTUAL SUDGE7 BUDGET INCREASE
1982-93 1993-BI 1994-95 1995-98 DECREASE
cesH CARRY FORWARD 3.848,919 4.311.115 1.548.931 5.111.701 585.970
REVENUES
State-Fire 28,712 28,818 26,293 25,000 (1,293)
State-Pdice 16,880 49,918 58,561 55,000 (1,561)
Eamirgs on Investments 485,584 24,760 320,000 360,000 10,000
Mombor Cantriddions 28,813 93,905 95,000 105,717 10,717
Ctty Conlributbru 194.679 196,159 296,016 328,689 30,673
Trensler han Gonerel Fund 7.000 7.000
TOTAL REVENUES 782.488 993.558 793.870 879.106 95.538
OTHER flNANCINO SOURCE ,
TOTAL RECOURCES IA29.387 _ 4.701.573 5~ 5,994.107 851.408
F7(PFNDITURFS
Professional SenAces
Trevel and TreiMnp
Rdirement Sonefits
ane.
TOTAL EXPENDITURES
CASH RESERVES
OTHER FINANCING USES
TOTAL EXPENDITURES b
CASH RESERVES
RESOURCE ALLOCATION
Personal SenAces
Operetirp Expenses
Capital Outlay
Debt SerAce
Trenslere
TOTAL
32,248 32,000 41,000 9,000
1,500 2,000 500
118,272 123,598 195,500 211,017 15,517
X55.842_ _229.000_ 54. 17 26.017
1.311.115 4.548.931 5.113.701 5.740.090 828.369
4~ 1.701.873 5.342.701 5._994.107 651.406
118,272 123,596 195,500 211,017 15,517
32,246 33,500 43,000 9,500
118,272 155.812 2g9~Q 251.017 25.017
136