Trust & Agency Fundsit
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TRUST AND A GENCY
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FUNDS
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POLICE TRUST FUND
The Police Trust Fund is funded by court fines and penalties for violation of i
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. At the request of the City's pension board, S25,500
in pension board expenses which include actuarial fees, legal fees, insurance, and
travel and training have been included in the 1997/98 pension budget. 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
TRUSTAND AGENCY FUNDS
COMBINED BUMMARY OF TRUST AND AGENCY FUNDS
REVISED
ACTUAL ACTUAL BUDGET BUDGET INCREASE
1994-95 1995-98 1998-97 1997-96 DECREASE
CASH CARRY FORWARD
REVENUES 4.583.397 _ 6.544.397 8.534,198 7.138.888 578.470
POLICE TRUST FUND 10,784 67,651 8,250 8,500 2
250
PENSION TRUST FUND 1.254.283 1.307,590 _ 987.323 1.010.858 ,
23.530
TOTAL REVENUES 1.285,087 1.376.241 _ 993.578 1.019.358 25.780
OTHER FINANCING SOURCES 1.138
TOTAL RESOURCES _¢,¢28,¢22 _,4.423,412 _ 8.~0~ ~01~230
XP NDR ~R a
POLICE TRUST FUND
23,979
26,828
34,234
24,000
(10,234)
PENSION TRUST FUND 257.042 338.487 380.874 448.732 65.858
TOTAL EXPENDRURES 281.021 383.113 415.108 470.732 43.824
OTHER FINANCING USES 2 2.529
CASH RESERVES 6.844.597 _ 8.558.198 7,138.888 •7,885.292 644.828
TOTAL E%PENDRURES AND
CASH RESERVES _,¢,¢24,¢22 _3.423,531L 7,851.774 .~,154,p24_ ~Q,Z252
R ~O ~R - A ATION~
Personal Services 220,369 280,159 319,474 378,732 59,258
Operatlny Expenses 57,252 74,954 88,434' 89,000 566
Capital Outlay
Debt3ervtca
Transfers 3.400 8.000 7.200 3.000 (4.2001
TOTAL 281.021 383.113 415.108 470.772 85.824
160
CITY OF ATLANTIC BEACH
DEPARTMENTAL SUMMARY
TRUST FUND
POLJCE TRUST FUND
REVISED
ACTUAL ACTUAL BUDGET BUDGET WCREASE
' 199455 199356 199897 199738 DECREASE
cA1H GARRV FORWARD 14.368 2.327 41.023 11.041 87.881)
REVENUES
ConBsested Property 32.641
Cant Gee Revenues 1,102 1,920 5,000 7,000 2,000
IMerast Income 218 1,090 150 1,500 250
Tnrufer from General Fvd 9.464 12.000
TOTAL REVENUES 10.784 87.831 8.250 9.300 2,250
OTHER FINANC9iG SOURCE 1.158
TOTAL RESOURCES 28.508 70.178 47.273 21.511 (25,7741
F%P ND ~ FC
InvesOgatlons
TnvN and Tralnirg
Cemmunlestlons
PdnOnp and PubOstrinp
Renal and Leases
Other Current Charges
OperaOnp SuppBes
Machinery d EQulpment
Transfer General Fund
Transfer to Blend Grant
5,900 1,000
14,184 13,078
515 992
U,000 14,000
27,034 7,000 (20,034)
TOTAL EXPENDITURES
CASH RESERVES
OTHER FINANCING USES
TOTAL EXPENDITURES d
CASH RESERVES
RESOURCE ALLOCATION
Personal Servkea
OPeradnp Emenses
GpMal OuWy
Debt Sendee
Transfers
TOTAL
3,400 8,000 7,200 3,000 (4,200)
21.979 28.828 14.21.4_ 24.000 !10.2141
2.827 41.023 17.041 8.4591 H3.500]
2.527
26.506 70.176 47.273 21.541 85.7141
20,579 18,628 27,034 21,000 (6,034)
3.400 8.000 7.200 3.000 (4,200)
21.979 26.628 11.214 24.000 110.2141
161
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CITY OF ATLANTIC BEACH
DEPARTMENTALSUMMARY
PENSION FUND
REVISED
ACTUAL ACTUAL BUDGET BUDGET WCREASE
1994116 1895.88 19981+7 1997-98 DECREASE
t_`Ae_H C RPY FORW an 4.548.931 6.548.070 8.617.171 7.127.625 808.154
REVENUES
State - Fka
State - Pollee
Esminps on Investments
Member Cordributbns
ut7 comrlbu6on.
Tnnsfa ham Geneni Fund
TOTAL REVENUES
OTHER FBJ/WCWO SOURCE
TOTAL RECOURCES
FYPFNDITiIRFe
Profeasbnal Servkes
Travel and Tnlnlny
ReOrement Benefds
Other
TOTAL EXPENDITURES
CASH RESERVES
OTHER FINANCING USES
TOTAL EXPENDRURE53
CASH RESERVES
RESOURCE ALLOCATION
Personal Servkes
Operating E~enses
GpBal OuWy
Debt Servke
Transfers
TOTAL
26,294 29,544 28,290 20,004 (8,286)
57,858 62,428 62,251 87,168 4,915
827,587 762,581 420,000 150,000 30,000
99.116 111,431 119,432 65,360 (54,On)
24],429 329,495 329,225 382,828 63,603
12.137 28.130 25.500 (2,630)
1.254,283 1.307.690 _ 8B7.32H 1.010.858 23.630
33.868 50,210 54.500 58,500 4.000
805 2,228 2,500 5,000 2,500
220,369 280,159 319,474 378,732 59,258
3.890 4.100 4.500 100
481.042 338.487 980.874 448.732 BS.83B
5.646.070 6.517.171 7.127.626 7,687.751 664.126
2 2
8.803.114 6.853.860 7.604,499 8.134.483 829.984
220,369 280,159 319,474 978,732 59,258
36.6x3 s6,3ze a1,4ao 6e,ooo e,soo
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