BUDGETS AND BUDGET ORDINANCES; MILLAGE LEVY
Jacksonville Ordinance Code tit. V, ch. 106, pt. 2, subpt. A
in effectJacksonville Ordinance Code § 106.201 Final Annual Budget; Time of submission.
Sec. 106.201. - Final Annual Budget; Time of submission.
(a) The Mayor shall submit the final annual budget proposal for the general government to the Council by filing a copy with Legislative Services prior to the first City Council Committee meeting in July. The annual budget proposal shall be accompanied by the Mayor's budget message, by a proposed budget ordinance and by the capital improvement plan, capital improvement plan budget, a current debt schedule including amounts outstanding and amortization schedules for all City debt outstanding, and a projection of forecasted General Fund revenues and expenditures for the four years immediately following the succeeding year's budget proposal. The forecasted General Fund/General Service District expenditures shall include actual calculations of projected debt services on current outstanding bonds and banking fund both as to the General Fund/General Service District and as to the Enterprise funds and funds supported by the General Fund/General Service District so that the impact of the debt retirements and variances in amortization schedules are evident. The Mayor shall comment on the anticipated future problems and opportunities facing the City of Jacksonville that surfaces from these projections. In the event that the proposed capital improvement plan budget proposes that any project be funded with borrowed funds, then such budget shall be accompanied by a document disclosing all unrestricted funds in excess of $50,000 available for the requested use without a waiver of any code provision restricting the use of such funds.
(b) Each independent agency shall submit its annual budget proposal to the Council not later than the date required by law for it to do so. A copy of the budget proposal shall be transmitted to the Mayor for information as soon as it is prepared, but not later than the date the budget proposal is submitted to the Council. The annual budget proposal shall be accompanied by such comments and observations as the independent agency considers necessary for the information of the Council, including comments and observations with respect to the capital improvement program.
(Ord. 77-691-638, § 2; Ord. 80-431-388, § 2; Ord. 82-767-349, § 1; Ord. 83-591-400, § 1; Ord. 2000-272-E, § 1; Ord. 2000-273-E, § 1; Ord. 2003-947-E, § 1; Ord. 2005-361-E, § 3; Ord. 2005-1142-E, § 1; Ord. 2006-185-E, § 3; Ord. 2006-1344-E, § 1; Ord. 2009-701-E, § 1; Ord. 2012-379-E, § 1; Ord. 2015-428-E, § 2; Ord. 2021-381-E, § 1)
Jacksonville Ordinance Code § 106.202 Calculation of annual assessment by JEA.
Sec. 106.202. - Calculation of annual assessment by JEA.
(a) In preparing its annual budget proposal for submission to the Council, the JEA shall include an assessment to the City pursuant to Section 21.07 of the Charter. The Managing Director of JEA shall certify the amount of the assessment so calculated to the Director of Finance and Administration, and the Director of Finance and Administration shall include this amount without change in the budget proposal to be submitted by the Mayor for the ensuing fiscal year. The Council shall approve the amount of the assessment in the annual budget ordinance. The Council shall review and approve the assessment as provided for in Section 21.07 of the Charter.
(b) In addition to the assessment required by Section 106.202(a), the JEA shall make a supplemental assessment if required in accordance with the terms and conditions of the financial agreement between JEA and the City relating to the Enhanced Joint Agency Financing Program. Such supplemental assessment, if any, shall be made each year in an amount as certified by the Managing Director of JEA in the same manner as described in Section 106.202(a), in order to provide the amount as required in accordance with the financial agreement.
(Ord. 77-691-638; Ord. 83-591-400, § 1; Ord. 88-1061-532, § 1; Ord. 92-2050-1443, § 1; Ord. 93-978-772, § 6.09; Ord. 94-991-772, § 29; Ord. 97-229-E, § 13; Ord. 97-1054-E, § 10.03; Ord. 98-254-E, § 1; Ord. 2003-1332-E, § 1; Ord. 2007-1132-E, § 2; Ord. 2016-140-E, § 16)
Jacksonville Ordinance Code § 106.203 Contents.
Sec. 106.203. - Contents.
(a) The annual budget ordinance of the general government and of the independent agencies shall be limited to recognizing the City's authorized and approved revenues, expenses, contingencies and reserves, and shall not include reorganizations, codifications, or the establishment of new fees, all of which shall be established by separate ordinance. The annual budget proposals of the general government and of the independent agencies shall be composed of two parts, an operating budget and a capital improvement budget. The operating budget part of the general government shall contain an appropriation to the mobile equipment account of the Fleet Management Division and the mobile equipment accounts of the various activities in the Enterprise Funds in a combined amount at least equal to the depreciation and proceeds from surplus sales of mobile equipment of the current fiscal year. The appropriation shall be calculated as an annualized projection based on the current fiscal year's first six months of depreciation and surplus sales of equipment adjusted as necessary. The annual budget proposals shall in all other ways be set forth in such form and detail as the Mayor or each independent agency may determine.
(b) Expenditures of Public Funds. All funds shall be expended for a public purpose. Any request for funds in the budget to be expended on food and beverages shall be identified by the public purpose for the expenditure and the persons who will be served. No public funds shall be expended on food or beverage unless specifically authorized by legislation or ordinance as codified in the Jacksonville Municipal Code.
(Ord. 77-691-638, § 2; Ord. 81-351-128, § 1; Ord. 83-591-400, § 1; Ord. 83-706-472, § 1.7; Ord. 2005-1296-E, § 1; Ord. 2007-813-E, § 10.5; Ord. 2013-464-E, § 10.11; Ord. 2024-990-E, § 2)
Jacksonville Ordinance Code § 106.204 Executive budget process.
Sec. 106.204. - Executive budget process.
(a) The governing body of each independent agency may establish procedures and schedules for the preparation and review of budget estimates within the agency and preparation, review and submission to it of the annual budget proposal. The annual budget proposal, or the letter of transmittal, shall indicate that the governing body did in fact review and approve the proposal before transmittal to the Council.
(b) With respect to the general government, except for community redevelopment agency boards:
(1) Proposed budgets shall be prepared by the various departments, boards, officers and commissions at such times as the Mayor, through the Budget Officer, may direct. In case of failure of an agency to do so, the Mayor shall cause a legislative budget for that agency to be prepared for inclusion in the annual budget proposal. It shall be the duty of all departments, boards, offices and commissions to furnish the Director of Finance and Administration all information which he/she may request for the preparation of the annual budget proposal. In preparing the annual budget proposal, the Director of Finance and Administration may revise the legislative budgets and requests made by the various departments, boards, offices and commissions. The proposed budgets for Community Redevelopment Agency ("CRA") boards shall be prepared in accordance with subsection (c) below.
(2) The Budget Division shall be responsible for preparing the nondepartmental items in the annual budget proposal, such as reserve funds, debt service requirements, capital outlay, contributions to independent agencies and interfund contributions, miscellaneous appropriations and others, as directed by the Mayor.
(c) With respect to the CRA boards:
(1) Each CRA board shall prepare and approve a proposed budget and submit the proposed budget to the Mayor, through the Budget Officer, on or before June 20 of each fiscal year. The proposed budget shall include itemized expenses for each of the following CRA Budget Categories defined in Section 106.340, Ordinance Code: (i) Administrative Expenditures Category; (ii) Financial Obligations Category; (iii) Future Years Debt Reduction Category; and (iv) Plan Authorized Expenditures Category. The itemized expenses for the Plan Authorized Expenditures Category shall consist of expenses for each specific Program, Plan Capital Project or Plan Professional Service, if any, anticipated by the CRA Board for the upcoming fiscal year and a separate unallocated amount designated as "Unallocated Plan Authorized Expenditures." The Council may modify a CRA Board's proposed budget as it deems appropriate during the Council's budget ordinance approval process.
(2) To assist the Council in reviewing each CRA Board's proposed budget, each CRA Board shall prepare a schedule reflecting the balance in all Programs, Plan Capital Projects, Plan Professional Services, debt service reserves, and other accounts carried over from prior years or the current year ("CRA Schedule"). Such schedule shall include the following information regarding each account: (i) the budget; (ii) the amount of funds encumbered; (iii) the amount of funds spent; and (iv) the available balance, all calculated as of June 30 of each year. The CRA Schedule shall be delivered to the Council Secretary, the Council Auditor and the Mayor, through the Budget Officer, by no later than July 31 of each year.
(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1; Ord. 2016-140-E, § 16; Ord. 2018-555-E, § 2)
Jacksonville Ordinance Code § 106.205 Recommendations of Mayor accompanying annual budget proposal.
Sec. 106.205. - Recommendations of Mayor accompanying annual budget proposal.
(a) If the estimated revenues for the ensuing fiscal year, on the basis of laws existing at the time the annual budget proposal is submitted, including the estimated cash carryover from the current fiscal year, are less than the estimated expenditures for the ensuing fiscal year, the Mayor in the annual budget proposal shall make recommendations to the Council for additional or new taxes, rates, charges or other appropriate action. In no case whatsoever shall the Mayor submit an unbalanced annual budget proposal to the Council.
(b) If the estimated revenues, including the estimated cash carryover from the current fiscal year, are greater than the estimated expenditures for the ensuing fiscal year, the Mayor shall make such recommendations as in his opinion the public interest requires.
(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1)
Jacksonville Ordinance Code § 106.206 Budgetary review by advisory boards.
Sec. 106.206. - Budgetary review by advisory boards.
The activities of each department which are within the jurisdiction of an advisory board may, at the time the budget is submitted to the Director of Finance and Administration, submit its proposed legislative budget to the advisory board concerned for review and comment. The advisory board shall provide the Mayor with its comments before the Mayor submits the annual budget proposal.
(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1; Ord. 2016-140-E, § 16)
Jacksonville Ordinance Code § 106.207 IT System Development Program Budget.
Sec. 106.207. - IT System Development Program Budget.
(a) Annually in July in conjunction with the Budget legislation, an IT Systems Development Program Budget shall be submitted. The IT System Development Program Budget shall include a list of major technology initiatives projects for five years and the funding source for the following fiscal year, coterminous with the budget fiscal year.
(b) Annually in March, the IT Division shall review and submit the recurring maintenance needs and make recommendation to the City Council Finance Committee in advance of IT Systems Development Program Budget on modifications to the recurring annual capital expenses suggested minimums and targets.
(c) Similar to the recurring capital maintenance budgets in Section 106.219, the City is establishing appropriate guidelines and parameters for future internet and technologies recurring maintenance budgets. Guidelines that are too low do not provide for adequate funds to maintain the maintenance for ever changing internet, computer, radio, and telephone software and hardware and lead to ineffective, outdated and useless products that can overburden both financial and human resources. Guidelines that are too high may result in excessive demands on the annual budget and limit the City's ability to invest in new projects. A chart establishing the suggested minimums and targets for recurring ITD annual capital expenses is attached to Ordinance 2015-744-E. Such chart shall be reproduced each year and included in the annual IT System Development Program Budget. A detailed explanation shall be provided for any budgeted deviation from the ITD recurring annual capital expenses minimums. Recognizing that the failure to budget for suggested minimums will result in then existing backlogs, the IT System Development Program Budget annually shall include an exhibit of the existing backlogs.
(Ord. 2013-467-E, § 1; Ord. 2015-744-E, § 1)
Jacksonville Ordinance Code § 106.208 Funds for professional services.
Sec. 106.208. - Funds for professional services.
Every request for the appropriation of funds by the Council, as a part of an annual budget, by the City or any independent agency receiving appropriations from the Council, which includes requests for funds for the procurement of professional services as defined in Part 1, Chapter 126 in excess of $4,000 per contract shall include as a part of the request a description of the public project or other action connected with the professional services, the estimated cost of the professional services, and the manner and time period within which the work product of the professional services will be used by the City or independent agency.
(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1)
Jacksonville Ordinance Code § 106.209 Adoption of budget separately or jointly.
Sec. 106.209. - Adoption of budget separately or jointly.
The procedures of this Part may be followed with respect to all annual budget and appropriation ordinances for the City and independent agencies together, or may be followed with respect to any one of such ordinances separately.
(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1)
Jacksonville Ordinance Code § 106.210 Budget ordinance filings and hearings.
Sec. 106.210. - Budget ordinance filings and hearings.
(a) The annual budget ordinance to be enacted by the Council shall be filed with the Council Secretary and be available for public inspection for not less than seven days subsequent to a final recommendation to the Council with respect thereto by the appropriate committee of the Council. In addition, copies of the proposed budget along with the names and phone numbers of the Council Auditor and the Director of Finance and Administration, shall be placed at the information desk in City Hall and at the information desk at each of the public libraries. Failure to observe these requirements shall not invalidate the budget ordinance.
(b) The budget ordinance shall be enacted by the Council in accordance with F.S. Ch. 200.
(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1; Ord. 92-1457-1413, § 1; Ord. 2016-140-E, § 16)
Jacksonville Ordinance Code § 106.211 Millage levy.
Sec. 106.211. - Millage levy.
The Council shall enact an ordinance levying ad valorem taxes in accordance with F.S. Ch. 200. The Council shall levy an annual tax on real and personal property located in the General Services District. The tax rate set shall be such that a reasonable estimate of revenues from such levy shall at least be sufficient, together with other anticipated revenues, fund balances, and applicable reserves, to equal the total appropriation in the General Services District section of the Consolidated Government budget and the total of the appropriations to independent agencies. The Council shall also levy additional annual taxes on real and personal property located in the First Urban Services District. The tax rate set in such additional levy for the First Urban Services District shall be such that a reasonable estimate of revenues from such levy shall at least be sufficient, together with other anticipated revenues, fund balances, and applicable reserves, to equal the total appropriation to that Urban Services District.
(Ord. 83-591-400, § 1)
Jacksonville Ordinance Code § 106.212 Effective date of budget ordinance provisions; term of budget ordinance.
Sec. 106.212. - Effective date of budget ordinance provisions; term of budget ordinance.
Notwithstanding the date on which the budget ordinance for the ensuing fiscal year becomes effective, the language and appropriations contained in the budget ordinance shall become effective and available for obligation on October 1 of the ensuing fiscal year; provided, that if the budget ordinance becomes effective after October 1 of the ensuing fiscal year, the language and appropriations contained therein shall become effective and available for obligation on the effective date of the budget ordinance itself. Each budget ordinance shall be effective and the appropriations contained therein shall be available for obligation until September 30 of the fiscal year for which it was enacted, but not thereafter.
(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1)
Jacksonville Ordinance Code § 106.213 Appropriation of revenues not budgeted.
Sec. 106.213. - Appropriation of revenues not budgeted.
No revenues not budgeted in the budget ordinance or any other appropriation ordinance, whether derived from new sources of revenue or from overcollections of budgeted sources of revenue, and specifically including federal and State grant revenues, shall be encumbered or expended by the City or any independent agency without prior appropriation thereof by the Council except that the Mayor may appropriate new estimated revenues not to exceed $25,000, provided such appropriations are made within the same subfund to an existing budgetary line item. The Mayor is also authorized to transfer amounts from the Executive Operating Reserve account to any other major fund or sub-fund without further City Council action. With respect to concession activities operated by the City, if actual gross sales exceed the estimated sales budgeted by the Council, the Mayor may utilize the additional revenues arising therefrom to cover the cost of merchandise required to meet the additional sales, and for that purpose such additional revenues are appropriated. Notwithstanding the prohibition contained in the first sentence of this Section, revenues arising solely from the overcollection of a budgeted source of revenue by any Enterprise Fund activity of the general government or by an independent agency may be used to pay any outstanding obligations of the activity or independent agency that were in existence before the collection of the additional revenue, and for that purpose such additional revenues are appropriated.
(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1; Ord. 2000-275-E, § 1)
Jacksonville Ordinance Code § 106.214 Supplemental appropriation requests.
Sec. 106.214. - Supplemental appropriation requests.
The Mayor may from time to time submit to the Council proposed supplemental appropriations:
(a) As a result of the receipt by the City of revenues in excess of the budgeted revenues from a source provided for in the budget ordinance or another appropriation ordinance.
(b) As a result of the receipt by the City of revenues from a source not provided for in the budget ordinance or another appropriation ordinance.
(c) Necessary on account of ordinances enacted after the enactment of the budget ordinance.
(d) Because of unexpected increases in cost of services, materials, supplies and the like in a capital improvement project.
(e) To transfer funds in those cases wherein he does not have the authority to make such transfer.
(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1; Ord. 2006-185-E, § 3)
Jacksonville Ordinance Code § 106.215 Supplemental appropriation and revenue reduction limitations.
Sec. 106.215. - Supplemental appropriation and revenue reduction limitations.
(a) All supplemental appropriations, regardless of by whom proposed, shall conform to the following requirements:
(1) Appropriations shall be budget neutral for the then current fiscal year;
(2) Appropriation ordinances shall provide a certification that funds appropriated in said ordinance are either funded from non-city grant revenues or matched with identified balancing expenditure reductions.
(3) This subsection (a) shall not apply to appropriations from reserves/contingencies.
(b) All appropriations from General Fund Operating Reserves (e.g. fund balance) or from any contingency from any fund (which do not include the Emergency Reserve), with the exception of the Federal Matching Grant Contingency, the Continuation Grant Match Contingency, the F.I.N.D. Grant Match Contingency, and the Executive Operating Contingency, shall require the approval of two-thirds of the Council members present. Any waiver by ordinance of this Section shall require the approval of two-thirds of the Council Members present. For purposes of this Section, the number of Council Members present shall mean all Council Members present and counted for purposes of determining a quorum, regardless of any voting abstentions.
(c) Any ordinance providing for a reduction in previously budgeted revenue shall also provide for a matching reduction in recurring expenditures.
(Ord. 2005-1383-E, § 1; Ord. 2017-2-E, § 1; Ord. 2023-874-E, § 1)
Jacksonville Ordinance Code § 106.216 Replacement of fleet vehicles.
Sec. 106.216. - Replacement of fleet vehicles.
(a) The Chief of Fleet Management shall prepare a list of vehicles recommended for replacement in the upcoming fiscal year and transmit it to the Budget Office not later than April 1 of each year. Such list shall also include vehicles that have reached normal replacement age but are recommended for retention for an additional year as provided in Section 106.216(c) hereof. The list shall include estimated replacement costs for each vehicle and related data supporting each vehicle's replacement recommendation. The recommendations will be based on a point system generally constructed as follows:
(1) Age of vehicle. One point for every year beyond normal life expectancy for the respective vehicle.
(2) Mileage. One point for each 10,000 miles above 60,000 for light vehicles. One point for every ten percent of additional mileage or hours above normal life expectancy expressed in miles or hours for heavy and off-road vehicles.
(3) Operating maintenance costs. One point for each one cent operating cost per mile or hour above the average cost per mile or hour for all City peer group vehicles. For purposes hereof, the term "Operating Maintenance Costs" is defined to be total maintenance costs less costs due to accidents, abnormal/abuse repairs and vehicle modifications.
The Chief of Fleet Management may recommend additional replacements based on other factors such as suitability to task, technical obsolescence or other factors as appropriate. Justification for such additional replacements will be submitted in writing along with the annual replacement listing.
(b) Notwithstanding the above and based on the points assigned, the Chief of Fleet Management shall recommend any vehicle with ten or more points to the Director of Finance and Administration for replacement and the vehicle shall be placed on the replacement list. This list shall be submitted to the City Council as part of the annual budget process along with the Director's modifications, if any, to the list. The Chief of Fleet Management shall also recommend in a separate section of the replacement list those vehicles that should be removed from the fleet due to very low usage.
(c) With the prior written approval of the Director of Finance and Administration, the Chief of Fleet Management may defer replacement of any vehicle on the replacement list if he determines that the vehicle is of further economic use and value to the City. For purposes hereof, the economic useful life of a vehicle will be based on the estimated cost to maintain the vehicle in a reliable condition for the using agency.
(d) Beginning in the fiscal year 2005-2006 budget and in each successive annual budget thereafter, the Mayor shall provide sufficient funding to replace all City owned vehicles that have reached the end of their useful lives by the end of the preceding fiscal year. As provided herein, the Chief of Fleet Management shall submit a list of all vehicles expected to meet or exceed normal useful life in the then-current fiscal year according to the procedure set forth in Section 106.216(a) hereof.
(e) The Chief of Fleet Management shall purchase vehicles according to the final list described herein as funds are budgeted for the same. With the exception of the Jacksonville Sheriff's Office and the Jacksonville Fire and Rescue Department, no SUV or large sedans shall be authorized for purchase within the City Fleet, unless special exceptions have been requested in writing by the requested party and approved by the Chief of Fleet Management and the director of the Department, overseeing the Fleet Management Division. The Chief of Fleet Management shall provide a list of all special exceptions and written requests annually with the Fleet budget to City Council.
(f) In the event that a replacement is deemed necessary before the next successive budget cycle, the Chief of Fleet Management shall communicate the need and justification in writing to the Mayor's Budget Review Committee for its review and disposition.
(g) Effective October 1, 2005 and thereafter, the costs of replacement vehicles and associated expenses, including interest on financed vehicles, will be charged back to respective users in accordance with Section 108.103, Ordinance Code.
(h) Beginning with Fiscal Year 2010—2011, the City will not borrow to purchase fleet replacement vehicles, but will return to its past practice of cash funding vehicle replacement.
(Ord. 2003-1105-E, § 1; Ord. 2005-807-E, § 10.12; Ord. 2005-1373-E, § 2; Ord. 2007-813-E, § 10.6; Ord. 2011-732-E; Ord. 2016-140-E, § 16; Ord. 2017-2-E, § 1; Ord. 2023-334-E, § 1)
Jacksonville Ordinance Code § 106.217 Reserve Replacement reserve fund/replacement pool.
Sec. 106.217. - Reserve Replacement reserve fund/replacement pool.
There is hereby created a Vehicle Replacement Reserve Fund, hereafter known as replacement pool. Financial management, accounting and record keeping of the replacement pool shall be the responsibility of the Department of Finance and Administration. The purpose of the replacement pool is to provide cash resources to be used to provide funding exclusively for the future replacement of essential vehicles (capital asset). The elements of the replacement pool shall be as follows:
(1) Cash resources are to be provided monthly through a direct billing charge to the agency using the vehicle. This billing charge will be equal to the capital asset's estimated replacement value over its estimated economic useful life from the date placed in service, computed on a monthly basis. For vehicles, the monthly amount calculation shall be adjusted annually in anticipation of, and for inclusion in, the upcoming annual budget as described below. The adjusted monthly amount shall be sufficient to provide for replacement of the subject vehicle based on replacement prices obtained through a dealer survey. Between January and March, the Fleet Management Division, Equipment Control Section shall survey vehicle dealers providing new vehicles to the City in the current year, to determine the expected cost of replacing vehicles in the upcoming fiscal year and to determine the percentage increase by vehicle type necessary to replace the vehicles at the end of the vehicle's useful life. Such annual adjustment shall be included in the vehicle user charge in the upcoming budget for the next fiscal year.
(2) All vehicles originally budgeted in fiscal year beginning October 1, 2005 which are purchased by the Department of Finance and Administration from the Replacement Fund Reserves and placed in service during that fiscal year and subsequent fiscal years are required to be included in and subject to the provisions of this replacement pool.
(3) The cash resources so accumulated are to be specifically accounted for and separately classified and identified with the individual capital asset for which funding is provided. The cash resources so accumulated for the future replacement of a capital asset are specifically earmarked for and restricted to that capital asset's future replacement and cannot be used for any other purpose. No transfers shall be made without Council approval.
(4) The economic useful life of the capital asset for purposes of calculating the billing charge shall be determined by the Chief of Fleet Management Fund Division Chief and approved by the Director of Finance and Administration.
(5) Investment earnings of the accumulated cash balance resources of the replacement pool shall be specifically identified to the capital asset for which funding is being provided. Such investment earnings shall be allocated to the specific capital asset of the pool at the end of each month based upon the percentage of cash resources so accumulated for the capital asset's replacement, to the total cash resources accumulated for the replacement of all the capital assets in the replacement pool.
(6) If excess cash resources are available after replacement of a capital asset where the replacement cost of the capital asset is less than the cash resources so accumulated over the economic useful life of the capital asset, such excess cash resources may be allocated to the replacement cost of a capital asset that exceeds its available reserve in the replacement pool. The Mayor shall determine the priority of such replacement and the Council shall approve the transfers within the replacement pool.
(7) If replacement of a capital asset becomes necessary prior to the end of its economic useful life, the cash resources accumulated for that capital asset may be used for early replacement. If the capital asset's replacement cost exceeds the cash resources accumulated in the replacement pool, the user agency shall be responsible for providing the additional funding necessary to acquire the new replacement capital asset.
(8) Initial funding for new capital assets (not formerly in the replacement pool) shall be provided by the requesting agency or fund and/or the Budget Stabilization Account.
(Ord. 2005-807-E, § 10.11.A; Ord. 2011-732-E; Ord. 2016-140-E, § 16)
Jacksonville Ordinance Code § 106.218 JEA assessment to the City; Jacksonville Port Authority bonds.
Sec. 106.218. - JEA assessment to the City; Jacksonville Port Authority bonds.
Commencing with the fiscal year commencing October 1, 1993, and continuing in each fiscal year thereafter the Council shall appropriate an amount calculated by multiplying one quarter of one mill by the gross kilowatt-hours delivered (as defined by Section 21.07 of the City Charter) by the JEA during the 12-month period ending on the immediately preceding April 30. This appropriation shall come from the assessment made by the JEA to the City. The appropriation to the Jacksonville Port Authority shall be for the purpose of land acquisition and development of any marine terminal capital construction or improvement project. This appropriation may be used for the issuance of bonds, notes and other obligations, and for the refunding thereof, and for funding or providing for reserves, and for payment of principal and interest, costs of issuance, and all other financing or project expenditures as deemed necessary, desirable or incidental (herein referred to as "bonds and other costs").
(Ord. 94-112-158, § 1; Ord. 95-954-536, § 1; Ord. 98-254-E, § 2)
Source: City of Jacksonville, Ordinance Code and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/fl/jacksonville/codes/code_of_ordinances?nodeId=TITVADPE_CH106BUACCO_PT2BU_SPABUBUORMILEFetched: 10/27/2026