Police and Fire Pension Fund - 30 Minutes

Finance Committee - Budget Hearings · 2026-08-14 · agenda_item

This item concerns proposed adjustments to the Police and Fire Pension Fund budget for the City of Jacksonville. The Finance Committee has reviewed recommendations from an auditor regarding personnel and operating expenses. Specifically, the proposal includes increasing 'Personnel' costs by $7,308 and decreasing 'Operating Expenses' by $20,387. These changes are intended to accurately reflect pension costs, employee benefits, and internal service allocations. The budget will be balanced by corresponding adjustments to 'Trust Fund Revenues.' The plan also involves removing fiscal year amounts, adding administrative cost subtotals, and making formatting changes to schedules. This item is currently under review, with a motion to approve the auditor's recommendations having passed unanimously. The work involves financial record adjustments and budget balancing, with potential phases related to implementing these financial changes. Local businesses in accounting, financial services, and administrative support could find opportunities related to these budget management tasks. Engaging early before final budget adoption may offer advantages.

increase Personnel

7308 $

increase Trust Fund Revenues

7308 $

decrease Operating Expenses

20387 $

decrease Trust Fund Revenues

20387 $