Upcoming Dates

2010/2011 Budget Hearing Meeting Dates

Notice is hereby given that Finance Chair, Daniel Davis will meet with the Finance Committee members in Council Chambers located at 117 W. Duval St., 1st Floor, St. James Building on the following dates to discuss the 2010-2011 Budget.

Thurs., 8/12/10 – 8:30 a.m.-4:30 p.m. (break from 12:00 p.m. to 1:00 p.m.)

Thurs., 8/19/10 – 8:30 a.m.-4:30 p.m. (break from 12:00 p.m. to 1:00 p.m.)

Thurs., 8/26/10 – 8:30 a.m.-4:30 p.m. (break from 12:00 p.m. to 1:00 p.m.)

The 2010 City Budget Workshops have concluded and the Final Report can be downloaded from the Resources page.

Treasury Division

The 16-person Treasury Division monitors and records the flow of cash, investment and debt activities for the city. The division also manages the city’s investment portfolio, safely maximizing the interest it receives on funds that might otherwise sit idle.

The division also manages the city’s debt issuance and debt reporting requirements. Treasury is responsible for developing and implementing appropriate debt management policies that enhance the city’s access to the credit markets while minimizing borrowing costs in support of the city’s Capital Improvement Program.

This division also includes the administration of the city’s General Employees Pension Plan, Corrections Officers Pension Plan and the city’s internal banking program.

Budget:

In 2010, the budget for the Treasury Division is $163,179,087. Of this, the pension office has a budget of $8,903,197 and the banking operation includes new financing of $113,628,206 and debt service of $39,388,439.

Click here to view a detailed breakdown of the Finance Department budget.

Did You Know?

Nearly 98 percent of city pensioners participate in direct deposit, which provides a prompt and secure delivery of pension payments to our retirees while saving the city thousands of dollars in check printing costs.