Finance

The Finance Department ensures the City of Jacksonville handles its money wisely, efficiently and transparently by closely monitoring revenue that is received (through taxes and fees, for example) and spent by the various departments and divisions as they provide services.

The department provides financial expertise to all other departments and agencies under the Consolidated City of Jacksonville. The department is also responsible for investing city funds in a prudent manner, managing the city’s debt program and administering the general employees’ pension plan.

• Office of the Director – Oversees the department’s operations and divisions.
• Accounting – Tracks the city’s revenue and expenses.
• Budget – Prepares budgets and publishes budget documents.
• Risk Management – Manages safety and insurance programs.
• Treasury – Manages the city’s cash, investments and its debt program.
• Jax Retirement System – Manages and administers the city employees’ pension fund.

2011 Budget:
The total budget, which includes General Fund, Internal Service Fund and a Trust and Agency Fund for the Finance Department is $144,038,354.
The General Fund – GSD budget is $6,921,766.

During the fiscal year 2011 budget process, the Finance Department eliminated the following:

• Travel expenses were cut by $42,678.
• Training was cut by $26,029.
• Reduced other operating expenses, including major areas such as technology and contractual services, by $236,578.

2010 Budget:
The total budget, which includes General Fund, Internal Service Fund and a Trust and Agency Fund for the Finance Department is $208,896,516
The General Fund - GSD budget was $8,683,630.