CITY OF JACKSONVILLE, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT

CITY OF JACKSONVILLE, FLORIDA
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED
SEPTEMBER 30, 2009

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“Public servant” is a quaint term but it is a phrase that holds true
even today. The City of Jacksonville employs more than 8,000
people and their primary responsibility is to serve the public and
be good stewards of taxpayer dollars. Whether their job is to fix
roads, prepare budgets, oversee grants, mow parks, put out fires
or prevent crime, all city jobs have one thing in common – they
serve the public.
A city the size of Jacksonville must meet many daily demands to both preserve the
quality of life and ensure the safety of its citizens. Last year Jacksonville Fire & Rescue,
with its 55 fire stations and 34 rescue units, answered more than 128,000 calls for
assistance. Almost 75 percent of those calls were for emergency medical attention.
With one of the largest park systems of any city in America, Jacksonville’s Public Works
Department maintains 72,054 acres of parks. This is in addition to overseeing the repair
of 3,600 miles of roads and 7.4 million square feet of public building space.
With initiatives like
The Jacksonville Journey and
RALLY! Jacksonville, city employees
work daily to ensure that our children get the best care possible and that taxpayer dollars
are being spent on proven programs that make a difference in our community. The
Jacksonville Children’s Commission served nearly 18,000 children last year by providing
medical care, developmental services and early literacy programs. Of those served,
80 percent were at-risk children from families living in poverty.
The city’s 21 libraries circulated more than 9 million pieces of material last year in the
form of books, CDs and DVDs, videos and art. Library employees maintained this massive
collection, and provided other services such as helping citizens use computers to do
research or find a job.
Jacksonville is famous for its Jazz Festival and annual holiday Light Parade, but these
are just two of the more than 40 happenings presented by the city’s Special Events Office.
These varied events bring 2 million people to the downtown area alone, and have an
estimated local economic impact of $200 million. These events also serve as a catalyst
to bring people together and create a sense of belonging to the community.
The city workforce is made up of people with a wide variety of specific skills. Each
is trained to do a specific job. But the one job they all are expected to do above all else
is to serve the public.
	CITY EMPLOYEES

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C	C I	IT	TY	Y O	OF	F J	J A	AC	CK	KS	SO	ON	NV	VI	IL	LL	LE	E ,	, F	F L	LO	OR	RI	ID	DA	A
C	C O	OM	MP	PR	RE	EH	HE	EN	NS	SIIV	VE	E A	A N	NN	NU	UA	AL	L F	F IIN	NA	AN	NC	CIIA	AL	L R	R E	EP	PO	OR	RT	T
F	F O	OR	R T	TH	HE	E F	F IIS	SC	CA	AL	L Y	Y E	EA	AR	R E	E N	ND	DE	ED	D S	S E	EP	PT	TE	EM	MB	BE	ER	R 3	30	0,, 2	20	00	09	9
P	P R	RE	EPPA	AR	RE	ED	D B	BY	Y T	TH	HE	E D	D E	EPPA	AR	RT	TM	ME	EN	NT	T O	OFF F	F IIN	NA	AN	NC	CE	E
A	A C	CC	CO	OU	UN	NT	TIIN	NG	G D	D IIV	VIISSIIO	ON	N

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City of Jacksonville, Florida
Comprehensive Annual Financial Report
For the Fiscal Year Ended September 30, 2009
TABLE OF CONTENTS
INTRODUCTORY SECTION
LETTER OF TRANSMITTAL ............................................................................................ i – xxiii
CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE
IN FINANCIAL REPORTING............................................................................................ xxiv
ORGANIZATIONAL CHART ...................................................................................................xxv
LISTING OF CITY OFFICERS, CONSTITUTIONAL OFFICEHOLDERS,
AND CITY COUNCIL OFFICIALS AND STAFF..................................................xxvi - xxvii
FINANCIAL SECTION
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS .............................. 1 - 3
MANAGEMENT'S DISCUSSION AND ANALYSIS........................................................... 6 - 20
BASIC FINANCIAL STATEMENTS
CITY-WIDE FINANCIAL STATEMENTS
Statement of Net Assets .................................................................................................................22
Statement of Activities...................................................................................................................23
FUND FINANCIAL STATEMENTS
Balance Sheet - Governmental Funds.................................................................................... 28 - 29
Reconciliation of the Governmental Funds Balance
Sheet to the Statement of Net Assets........................................................................................31
Statement of Revenue, Expenditures and Changes in Fund Balances -
Governmental Funds ........................................................................................................ 32 - 33

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FINANCIAL SECTION (CONTINUED)
Reconciliation of the Statement of Revenue, Expenditures and Changes
in Fund Balances - Governmental Funds to the Statement of Activities .................................34
Statement of Net Assets - Proprietary Funds......................................................................... 36 - 37
Statement of Revenue, Expenses and Changes in Fund Net Assets -
Proprietary Funds .....................................................................................................................39
Statement of Cash Flows - Proprietary Funds ....................................................................... 40 - 43
Statement of Fiduciary Net Assets.................................................................................................46
Statement of Changes in Fiduciary Net Assets..............................................................................47
MAJOR COMPONENT UNITS
Combining Statement of Net Assets – Component Units...................................................... 50 - 51
Combining Statement of Activities – Component Units……………….…………………… 52 - 53
NOTES TO THE FINANCIAL STATEMENTS............................................................ 55 - 149
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenue, Expenditures and Changes in Fund Balances -
Budget and Actual - General Fund.........................................................................................152
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION ............................. 153 - 154
Schedule of Employer Contributions -
City of Jacksonville Retirement System ................................................................................155
Schedule of Employer Contributions -
Police and Fire Retirement System ........................................................................................156
Schedule of Funding Progress -
City of Jacksonville Retirement System ................................................................................157
Schedule of Funding Progress -
Police and Fire Retirement System ........................................................................................158
Schedule of Funding Progress -
Employment Benefits Other than Pension (OPEB)................................................................159

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FINANCIAL SECTION (CONTINUED)
COMBINING INDIVIDUAL FUND STATEMENTS AND SCHEDULES
GOVERNMENTAL FUNDS
Combining Balance Sheet - Nonmajor Governmental Funds ...................................... 164 - 170
Combining Statement of Revenue, Expenditures and
Changes in Fund Balances - Nonmajor Governmental Funds............................... 172 - 178
Budgetary Comparison Schedule - Nonmajor Governmental Funds ........................... 180 - 188
PROPRIETARY FUNDS
Combining Statement of Net Assets - Nonmajor Enterprise Funds............................... 190-191
Combining Statement of Revenue, Expenses and
Changes in Fund Net Assets - Nonmajor Enterprise Funds .................................. 192 - 193
Combining Statement of Cash Flows - Nonmajor Enterprise Funds ............................. 194-197
INTERNAL SERVICE FUNDS
Combining Statement of Net Assets - Internal Service Funds..................................... 200 - 201
Combining Statement of Revenue, Expenses and
Changes in Fund Net Assets - Internal Service Funds........................................... 202 - 203
Combining Statement of Cash Flows - Internal Service Funds ................................... 204 - 207
FIDUCIARY FUNDS
PENSION TRUST FUNDS
Combining Statement of Fiduciary Net Assets - Pension Trust Funds ...........................210
Combining Statement of Changes in Fiduciary Net Assets -
Pension Trust Funds ....................................................................................................211
AGENCY FUNDS
Combining Statement of Fiduciary Assets and Liabilities -
Agency Funds .................................................................................................... 212 - 213
Combining Statement of Changes in Assets and Liabilities Fiduciary Funds -
All Agency Funds.............................................................................................. 214 - 216

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FINANCIAL SECTION (CONTINUED)
COMPONENT UNITS
Combining Statement of Net Assets – Nonmajor Component Units .....................................218
Combining Statement of Activities – Nonmajor Component Units.......................................219
Balance Sheet – Jacksonville Housing Finance Authority ....................................................220
Statement of Revenue, Expenditures and Changes in Fund Balances -
Jacksonville Housing Finance Authority ..........................................................................221
Balance Sheet – Jacksonville Economic Development Commission ....................................222
Statement of Revenue, Expenditures and Changes in Fund Balances -
Jacksonville Economic Development Commission ..........................................................223
SUPPLEMENTAL INFORMATION
Schedule of Long-Term Bonded Indebtedness ............................................................ 226 - 229
Schedule of Debt Service Requirements Compared
to Cash in Sinking Fund Long-Term Obligations ................................................. 230 - 233
Schedule of Debt Service Requirements to Maturity -
Special Obligation Bonds Payable from Specific Revenue
Sources Other Than Ad Valorem Taxes ................................................................ 234 - 241
Schedule of Debt Service Requirements to Maturity -
Special Obligation Bonds Payable from Specific Revenue
Sources Other Than Ad Valorem Taxes - Better Jacksonville Plan ...................... 242 - 245
Schedule of Debt Service Requirements to Maturity -
Payable from Enterprise Funds.............................................................................. 246 - 251
Schedule of Debt Service Requirements to Maturity -
Payable from General Revenue .............................................................................252 – 254
Schedule of Debt Service Requirements to Maturity -
Notes Payable from Specific Revenue Sources – Better Jacksonville Plan ....................256
Schedule of Debt Service Requirements to Maturity -
Notes Payable from Specific Revenue Sources – Banking Fund Program .....................258
Summary of Pledged Revenues and Bond Coverage
Disclosure Obligation ............................................................................................260 – 263
Schedule of Self Insurance - Workers Compensation ................................................. 264 - 265
Schedule of Self Insurance – General Liability ........................................................... 266 - 267

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STATISTICAL SECTION (UNAUDITED)
Table of Contents.........................................................................................................................269
Financial Trends .................................................................................................................. 271-281
Net Assets by Components ......................................................................................... 272-273
Changes in Net Assets ................................................................................................ 274-277
Fund Balances, Governmental Funds .................................................................................278
Changes in Fund Balances, Governmental Funds ...................................................... 280-281
Revenue Capacity ................................................................................................................ 283-291
Assessed Value and Estimated Actual Value of Taxable Property ............................ 284-285
Direct and Overlapping Property Tax Rates.......................................................................286
Principal Property Taxpayers...................................................................................... 288-289
Property Tax Levies and Collections.......................................................................... 290-291
Debt Capacity ...................................................................................................................... 293-305
Ratios of Outstanding Debt by Type to Personal Income and Per Capita.................. 294-296
Ratios of General Bonded Debt Outstanding to Actual Taxable Value
of Property and Per Capita..............................................................................................298
Direct and Overlapping Governmental Activities Debt .....................................................299
Legal Debt Margin Information..........................................................................................299
Pledged Revenue Coverage ........................................................................................ 300-305
Demographic and Economic Information............................................................................ 307-309
Demographic and Economic Statistics ...............................................................................308
Principal Employers............................................................................................................309
Operating Information ......................................................................................................... 310-317
Full-time Equivalent City Government Employees by Function/Program ........................311
Operating Indicators by Function/Program ................................................................ 312-315
Capital Asset Statistics by Function/Program ............................................................ 316-317

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INTRODUCTORY SECTION

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LETTER OF TRANSMITTAL

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March 24, 2010
Dear Citizens of Jacksonville:
It is a pleasure to present you with the City of Jacksonville’s Comprehensive
Annual Financial Report for Fiscal Year 2008/2009.
This document details the city’s financial status and clearly reflects our
commitment to the highest standards of financial management, accountability and
efficiency. 	You may be assured that we will continue to seek ways to improve customer
service and to be the best possible stewards of taxpayer dollars.
I hope this guide is helpful to you, and I look forward to our continued work
together to help make Jacksonville the best place in America to live, work and raise a
family.
Sincerely,
John Peyton
Mayor

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v
March 24, 2010
The Honorable Mayor John Peyton
Members of the City Council
Citizens of the City of Jacksonville
INTRODUCTION
The Comprehensive Annual Financial Report (CAFR) of the City of Jacksonville, Florida (the City), for
the fiscal year ended September 30, 2009 is hereby submitted.
Responsibility for both the accuracy of the data and the completeness and fairness of its presentation,
including all disclosures, rests with the City. Management believes the data, as presented, is accurate in
all material respects and is presented in a manner designed to set forth fairly the financial position and the
results of operations of the City on a government-wide and fund basis. 	Disclosures necessary to enable
the reader to gain an understanding of the City’s financial activities have been included.
The City, founded in 1832 and consolidated with Duval County in 1968, has an estimated population of
900,518 living within an area of 840.1 square miles. 	Within Duval County there are four separate
municipalities (the Cities of Jacksonville Beach, Neptune Beach and Atlantic Beach and the Town of
Baldwin) which represent a population of 45,451 within 15.9 square miles. 	The City is the doorway to
Florida (along the Atlantic coast) and the center of the five-county Jacksonville Metropolitan Statistical
Area (MSA) which has an estimated population of 1,367,700. The City operates under a charter adopted
October 1, 1968 and a Mayor/Council form of government.
ECONOMIC CONDITIONS
Each fiscal year provides the City an opportunity to identify, address and resolve issues facing our
community and our citizens, both exclusively and as part of the MSA.
The City’s major challenges are to provide the infrastructure and both the City and county services needed
to maintain the quality of life that has attracted considerable growth to our community. 	History has
proven that significant emphasis on support systems such as transportation, stormwater management,
potable water, wastewater and electric capacity must be balanced carefully with quality of life amenities.
These amenities include parks, recreation, sports, entertainment and cultural opportunities to maintain the
natural beauty and attractiveness of a community. For the City, these natural attributes take shape as they
relate to water (the St. Johns River and its tributaries, the intracoastal waterway and the Atlantic Ocean), a
significant tree canopy and lush vegetation, which provide the unique environment of Jacksonville MSA
living.
Department of Finance – 117 W. Duval Street, Suite 300, Jacksonville, Florida 32202 (904) 630-1298 ww.coj.net

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vi
Growth
The Jacksonville MSA, which includes Duval, Baker, St. Johns, Clay and Nassau Counties, has
experienced significant growth during the last decade. 	Measures of growth come in many forms. The
following schedule is intended to demonstrate not only individual year growth, but also three, five and ten
year annual average trends.
The City and the MSA continue to demonstrate the benefits of being one of the identified sunbelt growth
centers. Jacksonville is seen as having an attractive tax environment as well as being a great place to live,
work and raise a family.
2009 	2008 	2007 	2006 	2005 	2004 	1999 	Last 3 	Last 5 	Last 10
Population (in thousands)
City/County 	901.0 	905.0 	898.0 	891.2 	859.4 	837.0 	778.3 	0.4% 	1.2% 	1.6%
MSA 	1,367.7 	1,369.1 	1,295.9 	1,272.7 	1,224.7 	1,204.6 	1,096.3 	2.5% 	2.9% 	2.5%
Assessed Value (in billions)
City (only) 	55.5 	55.2 	47.6 	41.6 	37.1 	34.5 	24.7 	11.1% 	12.4% 	12.5%
City/County 	65.4 	61.4 	52.7 	45.8 	40.7 	37.6 	28.1 	14.3% 	15.2% 	13.3%
MSA 	103.9 	104.0 	97.1 	84.8 	72.2 	63.7 	40.5 	7.5% 	11.0% 	15.7%
Dollar Value of Building Permits (in millions)
City/County 	828 	2141 	1948 	2380 	3654 	2147 	1278 	N/A 	N/A 	N/A
MSA 	2754 	3894 	3359 	4484 	6203 	4080 	2174 	N/A 	N/A 	N/A
Building Permits (in thousands of Units)
City/County 	9.0 	13.2 	14.4 	22.7 	27.1 	24.0 	21.1 	N/A 	N/A 	N/A
MSA 	28.9 	35.0 	40.0 	58.0 	69.3 	57.0 	42.7 	N/A 	N/A 	N/A
Employment MSA (in thousands)
Selected Segments:
Manufacturing & Construction 	68.0 	75.3 	86.0 	86.5 	102.6 	97.4 	72.0 	-7.1% 	-8.4% 	-0.6%
Wholesale & Retail 	134.1 	138.3 	142.8 	139.1 	127.6 	125.1 	135.9 	-1.2% 	1.3% 	-0.1%
Service 	351.1 	304.7 	315.0 	303.2 	260.0 	259.2 	257.7 	5.3% 	8.8% 	3.6%
Government 	78.9 	78.7 	78.6 	79.0 	73.9 	72.7 	68.5 	0.0% 	1.7% 	1.5%
Other 	27.1 	28.8 	28.0 	28.0 	27.5 	26.6 	27.8 	-1.1% 	-0.4% 	-0.3%
Total 	659.2 	625.8 	650.5 	635.8 	591.6 	581.0 	561.9 	1.2% 	2.9% 	1.7%
Chamber/Job Recruitment
New Jobs(1) 	2145 	3393 	7235 	10166 	10572 	9674 	N/A 	N/A 	N/A 	N/A
Corporate (2) 	1487 	2127 	2026 	4449 	3761 	4177 	N/A 	N/A 	N/A 	N/A
Port (JPA) Activity
Cruise Passengers (in thousands) 	184.7 	76.0 	129.8 	128.7 	138.0 	85.0 	N/A 	N/A 	N/A 	N/A
Tons of Freight (in millions) 	7.3 	8.4 	8.3 	8.7 	8.4 	7.7 	7.5 	-5.4% 	-3.3% 	-0.3%
Airport (JAA) Activity
Passengers (in thousands) 	5.6 	6.0 	6.3 	5.9 	5.7 	5.1 	4.8 	-1.7% 	-0.4% 	1.7%
Tons of Airfreight (in millions) 	72.1 	81.6 	83.2 	86.8 	85.1 	83.2 	73.9 	-5.6% 	-3.8% 	-0.2%
(1) Total new jobs, both low and high wage
(2) New jobs - high wage
Average % Growth
ANNUAL AND THREE, FIVE AND TEN YEAR PERSPECTIVES
ACTUAL/ESTIMATES AND AVERAGE % GROWTH
ECONOMIC GROWTH

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vii
Limitation on Flexibility-State View
The State of Florida is the fourth largest state, with more than 18.75 million residents and, in recent
history, is one of the fastest growing yet least taxed major states in the country. 	Local government
revenue sources are restricted to property taxes and a limited array of permissive additional revenue
opportunities. 	Because a personal income tax is constitutionally prohibited in Florida, state and local
governments are continually seeking new and broader revenue opportunities to meet the service delivery
and infrastructure requirements of our current and future population.
In 1985, the State Legislature passed significant growth management legislation, which requires state and
local governments to develop five-year financeable capital infrastructure and minimum standard service
level programs. The State, in an attempt to enhance the planning for the future, was attempting through
the 1985 legislation to ensure that quality of life is maintained and that infrastructure and service delivery
issues are reasonably addressed. The 1985 Legislature failed to address new revenue flexibility that would
have allowed the State and local governments to develop greater financial flexibility to implement these
five-year planning programs. Subsequently, the State legislature has been preoccupied with other issues,
principally the need for state involvement to improve the quality of education in Florida. Currently, state
budget balancing issues and citizen-initiated referendum (e.g., court system funding, K-12 class size
reduction, etc.) are requiring the Legislature’s primary attention and focus. As a result, enhanced City and
County revenue flexibility for local governments has not been adequately addressed.
Local 	government’s 	need 	for 	transportation, 	green 	space, 	recreation 	and 	other 	infrastructure
improvements normally not associated with a paid-for-services fee, continues to place ever-tightening
constraints on its ability to effectively plan for growth. 	Considerable attention needs to be placed on the
broadening of the Home Rule Powers Act, in connection with the broadening of local government
revenue flexibility, which would enable both individual City initiatives and, where appropriate, collective
efforts on the part of local governments to address major regional infrastructure programs.
Limitation on Flexibility- City/County View
Facing the needs of a rapidly growing metropolitan community typically places a burden on the financial
flexibility of any government. Broader revenue flexibility will be essential to maintaining Jacksonville’s
traditionally strong financial condition and to address the challenges of growth. 	The City, the Florida
League of Cities and the Florida Association of Counties are seeking new optional local flexibility in an
effort to match new revenues with both operational and capital objectives. Given the diversity of size and
local government agendas, cities and counties, if granted the latitude, might elect to reduce or eliminate
property 	taxes 	in 	favor 	of 	sales 	or 	other 	optional 	choices 	and/or 	revamp 	or 	revisit 	various
revenue/expenditure relationships to more equitably balance benefits and recipients.
In 2000, the City initiated and the voters approved by referendum the $2.25 billion Better Jacksonville
Plan (BJP). 	The BJP program proposed to address $1.5 billion in roadway system improvements and
$750 million in vertical construction and other improvements. 	The program proposed to (a) use excess
capacity in a ½ cent sales tax previously approved to eliminate tolls in the City and to provide a recurring
funding source for mass transit (bus and other) to fund $750 million in road projects; (b) authorize a
second ½ cent ($1.5 billion in projects) for road/transportation projects and vertical initiatives; (c) to
separate the funding into a unique and self contained accountability process and; (d) to provide for citizen
advisor committee oversight.
Although the State has not addressed significant broadening of local government latitude, during the last
20 years (up through 2007) the growth of the State and the City/County and related impact on revenue,
has allowed for an inadequate effort to meet the demands of growth.

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viii
Framework
To understand the City, one must first understand the framework under which this government operates.
Under the 1968 consolidation, the City of Jacksonville and Duval County have eliminated the typical
city/county conflict and is able to re-channel the related energy often misfocused on these dialogue(s) to a
more productive use. 	The county/city conflict with the remaining four municipalities has largely been
addressed in a series of relationship framing Interlocal Agreements.
The City operates under a strong Mayor/City Council form of government. The 19-member City Council is
made up of 14 districts and five (5) at-large Council members. 	These 20 elected officials stand for election
every 	four 	years 	(having 	no 	mid-term 	elections) 	and 	are 	subject 	to 	a 	two-term 	limitation, 	with
approximately half of the group changing every four years
By its charter, the county continues to utilize the typical Florida County structured elected Constitutional
Officers (Sheriff, Tax Collector, Property Appraiser, Supervisor of Elections and Clerk of the Court). 	The
Sheriff operates the combined police/sheriff operation as well as the corrections/court bailiff activities. The
Clerk of the Court operates the court/record filing activities, but unlike the majority of the other 67 counties,
the Clerk does not have financial accounting/reporting responsibilities, which have been transferred to the
Mayor.
A number of traditional City activities are operated by independent authorities and/or Commissions.
Jacksonville Aviation Authority (JAA)
JEA (electric, water and wastewater utilities)
Jacksonville Port Authority (JPA)
Jacksonville Transportation Authority, (JTA) (which also operates the mass transit system)
Water Sewer Expansion Authority (WSEA)
Jacksonville Children’s Commission
Jacksonville Economic Development Commission (which also operates the City/county CRA districts)
Jacksonville Public Library
Each of the Authority/Commission is subject to annual budget submission to/approval by the City
Council.
CHALLENGES/CONCERNS
As the City addresses the various demands of growth/changes, it is equally important that it identify the
challenges the community will face over the next three to five years.

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ix
Turbulent Financial Times
The last several years have placed significant challenges both on local government(s) in Florida and
across the country.
First, as an outgrowth of the 2006 Florida gubernatorial election, the new governor and the 	speaker of
the Florida House set out to roll back property tax, the principal revenue of local government – City,
County and (County) School Boards. 	During the 2007 legislative session, a) the State required a
3%,5%,7% or 9% millage rollback based on the level of property tax revenue growth for the period 2001
through 2006, and b) provided for a constitutional amendment (on the January 29, 2008 Presidential
primary ballot) which would create:
• 	A second $25,000 homestead exemption/targeted at the 3 rd $25,000 of value (between
$50,001 and $75,000)
• 	A Tangible personal property exemption of $25,000
• 	Portability of the 1993 “Save Our Homes” advantages when selling and buying a home
and;
• 	A 10% taxable value growth limitation on non-homestead properties, beginning in
2009-10
The City argued that based on a 1993 local “advisory” referendum, the City millage had dropped from
11.31 mils in 1995 to 9.64 mils in 2007 and that the City of Jacksonville/County of Duval (the City) had
not been guilty of abusing its taxpayers during this period of dramatic property value increases.
Nevertheless, it became clear that the City would be caught up in the sweeping net of change likely
arising out of both the statutory required rollback (in which the City fell into the 3% 	- least required
rollback) and the constitutional amendment (which while passing by the required 60% approval rate state-
wide, failed in Duval County at 47%). 	With his 2007-2008 budget, the Mayor’s understanding of the
state-wide situation led the City to reassess its possible underutilized local revenue options. 	The Mayor
proposed a phased implementation of three (3) new fees:
Effective
April 2008 	A franchise fee at 3.0% (although available up to 6.0%) on electric, water and
sewer utilities
April 2008 	A residential solid waste fee at $3.00 per month (increasing by $1.00 each
October until it reaches $12.00)
June 2008 	A stormwater utility fee (based on impervious surface and an Equivalent
Residential Unit (ERU) measurement – initially at $5.00 per ERU.
While these new fees provided only partial relief in 2007-2008, a full year’s benefit for 2008-2009 was
$37.5, $11.3 and $29.0 million respectively.

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x
Second, the 2007-2009 global economic down turn has resulted in significant revenue contraction on
several of the City’s principal revenue sources. Property tax, which represents 50% of the City’s General
Fund revenue and sales tax revenue with its impact on the ½ cent sales tax, City revenue sharing and
county revenue sharing (from the State) represent an additional 15% of the General Fund. Separately, the
Better Jacksonville (Capital Bond related) Programs was further impacted by the 11.44% and 10.38%
reduction in the ½ cent sales tax streams over the three year period.
The States’ “Truth in Millage” statute provides for a rollback of the property tax millage to provide the
same revenue received last year with an exception for new construction which is held separate from the
rollback calculation. 	For the majority of the State, since implemented in the late 1970’s through 2008-
2009, the rollback has always been a downward impact. 	For 2009-2010, probably 2010-2011 and
possibly 2011-2012, the rollback will likely be a rollup. 	For 2009-2010, the 8.4841 millage rate (which
was held flat for 2008-2009 after the 3.0% adjustment in 2007-2008) rolled up to 9.2727 mils. While this
adjustment produced no new revenue, it was initially seen and politically reacted to as a tax increase. The
Mayor proposed a rate of 9.5 millage rate but the City Council ultimately approved on the rollback rate of
9.2727 mils.
Budget and actual revenue derived from sales tax for 2007-2008, 2008-2009 and clearly 2009-2010 have
had to be adjusted in light of economic market challenges.
Sales Tax Related General Fund Revenues
(In millions)
Fiscal 	Original 	Actual
Year 	Budget 	Received
2005-2006 	$132.1 	$134.8
2006-2007 	153.1 	143.8
2007-2008 	155.5 	134.2
2008-2009 	144.3 	122.3
2009-2010 	122.3 	N/A
During the same trouble period, the City has been able to address and manage its General Fund budgetary
process in a manner to add to the City’s available reserves by $ 43.5 million.
Fiscal 	Increase In
Year 	Reserves
(In millions)
2005-2006 	$17.8
2006-2007 	4.8
2007-2008 	14.1
2008-2009 	6.8

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Budgetary Challenges
Since September 11, 2001 Jacksonville, like most local governments, has seen an increased emphasis on
assuring that the City’s Public Safety (Sheriff/Police and Fire/Rescue) operational requirements are met.
The following schedule illustrates these changes:
FY 2001 	FY 2009 	% Change
Sheriff:
Staffing 	2,674 	3,191 	19.3%
Budget (in millions) 	$193.4 	$344.6 	78.2%
Fire Rescue
Staffing 	1,076 	1,333 	23.9%
Budget (in millions) 	$ 86.5 	$159.1 	83.9%
During the same period, the non-public safety operations (e.g. public works, parks and recreation, etc.)
other than the Library systems, have been reduced significantly. 	The Library system, which opened 2
new regional libraries, 16 new or remodeled branch libraries and the new 297,000 square foot Main
Library (in 2005), represents the only non public safety department to experience material growth. 	The
following schedules reflect these changes.
FY 2001 	FY 2009 	% Change
Library System
Staffing 	204 	368 	80.4%
Budget (in millions) 	$14.8 	$38.8 	162.2%
Other non-public safety
Staffing 	2,396 	1,551 	(35.3%)
Budget (in millions) 	$195.1 	173.5 	(11.1%)
2008-2009 Budget Development
In December 2007, the Mayor initiated a 150 member citizen commission The Jacksonville Journey to
address the City’s violent crime problem. 	The commission produced a multi-faceted, multi-year phased
strategy involving the City, the School Board (an independent elected body), the criminal justice system (a
state-run operation) and the social service community. 	Upon receipt of the proposal, the Mayor’s Office
needed to address the City’s appropriate role. The Mayor’s 2008-2009 budget proposal included:
Millions
Increasing police presence and crime elimination 	$13.6
Containing kids in after-school facilities, summer programs
and out of school suspension centers 	15.7
Focus on felon re-entry 	1.5
Total 	$30.8

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2009-2010 Budget Development
The budgetary process faced several significant challenges:
• 	The City’s first drop in property value in twenty-seven (27) years, and the issues related to a
rollback/rollup
• 	Significant reductions in sales tax related revenues (both general fund and BJP).
• 	Material increases in pension contribution, related to the October 1, 2008 actuarial report and the
material investment losses during the 2007-2008 fiscal year
• 	Phase II implementation cost for the Journey initiative
• 	Need to negotiate with all of the City’s thirteen (13) bargaining units, effective October 1, 2009
The Mayor proposed a zero salary increase across the board and the City Council adjusted the final budget
to anticipate a 3.0% cut in salary plus other cuts in salary related costs.
In order to negotiate in good faith with the bargaining units, the City created a non-departmental negative
contingency of $20.7 million with a counterbalancing 	$9.5 million cushion leaving a potential for a
negative $11.2 million outcome, all other things being equal. 	The level of salary reductions and timing
therefore could further offset this possible negative outcome and use of operating services.
Better Jacksonville Program
As of October 1, 2008, the City had active capital projects anticipating future borrowing of $300 million, a
serious negative trend on each of the two pledged revenues (both the Transportation and Infrastructure
Programs) and a change of status on the bond ratings from stable to negative outlook. 	The rating (Aa3,
AA-, AA), the long term need/desire to maintain the Aa/AA category status and the related market access
(concerns) in all market circumstances, caused the City to consider alternatives to meeting its capital
program needs. 	Based on an assumption of three $100 million borrowing(s) over three 	years, a strategy
was developed and implemented to substitute a General Fund covenant pledge while anticipating use of a
junior lien infrastructure ½ cent sales tax revenue to pay the debt service on the covenant bonds.

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Pension Benefit Reform/Labor Relations
Related to the October 1, 2008 actuarial reports, analysis of projected future required contributions and a
review of the 10 year history of required employer contribution, the Mayor initiated a review of the
sustainability of the current pension benefit package. 	The concern over benefit levels correlated inversely
to the funded status of the 3 pension plans:
Employer Contribution
(as a percentage of pay)
FY 2009 	FY 2010
Police & Fire 	32.11% 	49.60%
Corrections 	17.16% 	31.78%
General Employee 	10.43% 	13.50%
Historically, while the Florida Constitutional grants both management and labor a right to negotiate pension
benefits, the City has addressed benefit changes off-cycle or separate from the bargaining process. For the
contract term starting October 1, 2009, the City has proposed reduced benefits for new employees hired
after a date (to be determined). If successful, the resulting benefit package is still expected to be reasonable,
fair and competitive in the northeast Florida marketplace and result in future contribution savings 	(over a
35 year period) of more than $1.5 billion.
State and Federal Imposed Mandates
During the 1980’s the State, like the federal government, elected to solve problems by imposing mandates
on local government. The use of mandates effectively allows legislators to report that they have addressed
and solved an issue, but relieves them of the often-unpopular obligation to finance or provide new revenue
sources for the mandate. Local governments, who often support the resolution of the problem, have found
it increasingly difficult to implement mandates without broadened revenue flexibility or without negatively
affecting operating and capital agendas.
On November 6, 1990, the voters of Florida passed an amendment to the state constitution to limit the state
legislature’s ability to pass unfunded mandate that impose burdens upon local governments. A 2/3 majority
of both chambers is now necessary to approve an unfunded mandate.
Capital Improvement Program (CIP) and Debt Affordability Model
The City annually approved a 5-year Capital Improvement Program (CIP) which anticipates a specific level
of borrowing and is therefore designed to be financially feasible. Concurrent with the submission of the
five- year CIP, the City reviews it’s Debt Affordability Model which a) looks backward 5 years to compare
history, b) measures the City’s performance against self-imposed ratio targets and maximum/minimum
limits, c) compares the City to national Aa/AA category norms and d) projects the City’s performance
within targets/limits for the next 5 years.

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Pollution Remediation and Ash Site Settlement
During 2004-2005, the City was able to settle a long standing class action suit regarding land value
diminution and personal injury that arose out of a Solid Waste practice prior to the early 1970’s Solid Waste
produced incinerator ash and used it as a fill when mixed with soil in low lying areas. The City agreed to
pay $25 million and to allow the plaintiffs to pursue the City’s then-insurance providers related thereto.
While temporarily financing the cost on a variable rate basis, the City will issue a combination of fixed and
variable debt and amortize the $25 million on a thirteen (13) year period.
Related thereto, the City also negotiated (and finalized a settlement agreement in Fall 2007) with the U.S.
Environmental Protection Agency (EPA) regarding clean-up which will involve removing 2 feet of soil
around the homes and related park land, putting down a mesh and replacing the removed top cover with
new soil in an area of 1,300 or more homes. 	The current estimate for remediation of the ash sites and other
remediation of approximately $153.6 million is accrued as a liability at the end of 2009. 	$135.9 million
funding has been identified in the 2009-2014 Capital Improvement Program (CIP), with another $17.6
million to be budgeted by the CIP beyond that.
Growth Management
As previously discussed, the State adopted the Growth Management Planning Act which requires local
governments to develop a five-year plan, to install infrastructure support systems needed for growth and to
maintain the types and quality of services presently being provided. 	The alternatives are to (a) adjust the
service delivery standard; or (b) implement a mandatory moratorium on the issuance of new building
permits. 	Each community is allowed to establish and periodically revisit its infrastructure and service
delivery standards. 	However, the concept of a financeable five-year plan for both capital and service
delivery projects, which will not involve periodically diminished standards, may require additional
(statutorily authorized) flexibility in local revenue options and a constructive atmosphere of state and local
government cooperation/collective effort.
New flexible revenue options will be essential in meeting the service and service delivery support systems
needs of state and local government. Delays in providing for new revenue flexibility, in light of the strictly
defined Growth Management Planning Act, could become a major inhibitor to growth projected for the
state, MSA and City. More importantly, our ability to maintain the quality of life that we have traditionally
enjoyed may be critically impaired. 	While cities and counties require the tools necessary to plan for and
meet the challenges of growth, local officials are not asking the State to impose a new tax. Rather, they are
asking state legislators to simply broaden local governments’ horizon by authorizing new permissive
revenue options for discretionary use.
Transportation
The Metroplan Jacksonville 2030 Long Range Transportation Plan Update has indicated that the 2006-2030
needs of Northeast Florida for an improved transportation network are projected to cost in excess of $6.3
billion to meet a 38% increase in vehicle miles traveled in the region. Regional projected revenues over this
25 year period are expected to fund approximately $3.3 billion, leaving a gap of $3 billion. Even with such
expenditures, there are no guarantees that the quality of transportation and, thus, the quality of life, would
not deteriorate further.

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MAJOR INITIATIVES/PROGRAMS:
Mayor John Peyton’s Initiatives: Three Priorities
Mayor John Peyton has designated three focus areas as top priorities for his administration. These are the
areas that will most affect Jacksonville’s continued development and the taxpayers’ quality of life.
1) Increased Public Safety
Amid growing concern for the safety of families and business owners in Jacksonville and an increasing
crime rate, Mayor Peyton identified public safety as his number one priority. 	In 2009, he continued
leadership of The Jacksonville Journey: Take a Step, a comprehensive, communitywide, anti-crime
initiative that he initiated in December 2007. 	As a result of the mayor’s budget recommendations to the
Jacksonville City Council, $43 million in funding was secured specifically for Journey programs in the last
two years, representing a continuation of one of the largest public-safety investments in Jacksonville’s
history.
During its first year, the members of The Jacksonville Journey were charged with the task of developing a
plan to end the trend of violent crime in Jacksonville. The roadmap they developed was the first step in a
long-term process that will lead to a safer, more secure future for Jacksonville. The second year has focused
on the plan’s implementation.
In late 2008, the mayor participated in the selection of the Jacksonville Journey Oversight Committee which
is now monitoring the implementation and success of Journey-funded programs. 	This groundbreaking
initiative has seen progress on many fronts. According to the Sheriff’s Office, Jacksonville had 16 fewer
murders in 2009 than the year before, nearly a 14 percent reduction. In addition, out-of-school suspension
rates have dropped by 71 percent. The Jacksonville Journey oversight committee continues to ask the tough
questions, hold programs accountable and recommend changes when needed. The Jacksonville Journey is a
work in progress, and it is employing methods that are proven to dismantle the cradle-to-prison pipeline:
education, law enforcement, intervention, neighborhood safety and youth development.
2) Protection of the St. Johns River
The St. Johns River is a vital resource directly impacting the economy, culture, history and environment of
Jacksonville and its surrounding areas, and as such, it is a natural resource that Mayor Peyton is fully
committed to safeguarding. 	In 2009, great strides were made toward the mayor’s goals as set forth in the
River Accord alliance entered into in 2006, an agreement outlining $700 million in investments to be made
by the city and its partners over a ten-year period.
The Lower St. Johns River Basin Management Action Plan was finalized by the Total Maximum Daily
Load (TMDL) Executive Committee. 	The city has been an active member on this committee since its
inception, and provides input on actions needed to reach collective goals. The plan offers the framework for
project implementation to meet target levels necessary to restore river health.
Plan components are in place to improve water quality through stormwater management, runoff restrictions,
pollution discharge elimination, quality monitoring, reuse, credit trading and septic tank phase-out. In July
2008, the mayor signed bills enacting strict management practices for fertilizer application and restrictions
on landscape irrigation, thereby limiting the amount of nutrient runoff allowed to flow into the river. Public
education efforts and best management practices relating to these two bills were instituted in 2009.

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In 2007, the City of Jacksonville authorized the implementation of the Jacksonville Stormwater Utility.
This dedicated stormwater funding source, which began operations in 2008, enables the City to directly
manage and reliably prioritize and implement projects, programs and services associated with the City's
stormwater management system.
The stormwater utility generates revenue that is dedicated to meeting new and existing stormwater
requirements and to improving Jacksonville's water system, including one of the City’s greatest assets—the
St. Johns River. This entity is responsible for the assessment and collection of a stormwater fee applied to
residential and non-residential properties based on the parcel’s impervious area, and the administration of
those funds to implement stormwater management projects. 	Since its creation, the utility has generated $37
million to fund the maintenance of 44,000 inlets, 1,000 miles of stormwater pipes, 6,000 miles of ditches,
134 City ponds and 8 pump stations. 	It has also funded the construction of $8.5 million in City-wide
drainage system rehabilitation projects.
In addition to improving water quality, another aspect of the mayor’s focus on the river is increasing access.
Increased access promotes awareness and support for conservation and quality-improvement practices.
Access projects continued in 2009, and will continue through 2010. The projects address weekend access,
park improvements, the addition of boat ramps and marina retention. During the remainder of the mayor’s
term, the City will invest more than $30 million in access projects to develop miles of trails, boat docks,
fishing piers, water taxi landings and improved access at various parks and preserves throughout the county.
3) Economic Growth
Economic development has long been one of Mayor Peyton’s top goals, with an emphasis on creating jobs
and 	working 	with 	the 	Jacksonville 	Regional 	Chamber 	of 	Commerce, 	the 	Jacksonville 	Economic
Development Commission, the Jacksonville Port Authority and other organizations to recruit new members
into Jacksonville’s business community. As a result, 2009 marked several milestone developments in the
area of economic growth.
Projects such as the expansion of JAXPORT and Cecil Commerce Center will bring new jobs and have an
enormous economic impact on Northeast Florida. 	Current activities at the port support more than 50,000
jobs in the region and inject $3 billion into our economy annually. 	Port-related development will bring
approximately 25,000-50,000 additional jobs to Jacksonville in the next decade. 	And with more
corporations making Cecil Commerce their home, the complex continues to grow its reputation as a
distribution, industrial and aviation hub.
International banking giant Deutsche Bank opened a major financial center in Jacksonville that initially
provided 400 jobs, and will employ approximately 1,000 people by the end of 2011.
Alenia Corporation, an Italian industrial manufacturer, announced its plans to move to Cecil Commerce
Center as the complex’s first aircraft manufacturing company. 	This move will bring $42 million in
equipment, technology and infrastructure investments and another $65 million in new construction.
Jacksonville made huge gains in port-related growth in 2009. July 2008 welcomed the first Mitsui O.S.K.
Lines container vessels into the newly completed TraPac terminal. 	This line and Korean-owned Hanjin
Shipping Company, which came to an agreement with the City later in 2008, will facilitate increased
container traffic between Asia and Jacksonville following the Panama Canal widening (on schedule for
2014). 	Like Mitsui O.S.K. Lines, Hanjin will bring with it an additional 5,600 new jobs and make an
impact of approximately $1 billion on Jacksonville’s economy.
Through 	continued 	legislation 	and 	cooperation 	with 	military 	leaders, 	the 	mayor 	actively 	supports
Jacksonville’s sizeable military presence, one that contributes an excess of $8 billion to the local economy

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each year. 	He has worked continually with government and military administrators to promote the full
utilization of Mayport and to gain the funding necessary to support it as a nuclear-capable port. The Navy
has committed to make Naval Station Mayport the permanent homeport for a nuclear-powered aircraft
carrier. 	This partnership equates to an additional 3,200 personnel and $460 million in infrastructure
improvements for the base.
In the wake of national economic instability, Mayor Peyton continues to work diligently toward economic
development, including job creation for the citizens of Jacksonville. In a period when many municipalities
are preparing themselves for economic survival, Jacksonville has positioned itself for growth.

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CAPITAL PROJECTS
Better Jacksonville Plan - Update
As previously indicated, the City’s $2.252 billion Better Jacksonville Plan (BJP) was approved by the
voters and budgeted in 2000. The following schedule reflects some of the major non-transportation related
projects:
Vertical Projects (in millions)
Adjusted
Budget
All Prior
Years
Expense
Current
Year
Expense
All Years
Expense
Remaining
Budget
Balance
Arena 	129.3 	128.0 	0.0 	128.0 	1.3
Baseball Stadium 	33.8 	33.8 	0.0 	33.8 	0.0
Equestrian Center 	14.9 	14.9 	0.0 	14.9 	0.0
New Main Library 	93.0 	92.3 	0.0 	92.3 	0.7
Other Library Projects 	56.2 	55.3 	0.0 	55.3 	0.9
Court house 	210.1 	68.1 	32.3 	100.4 	109.7
Septic Tank Removal 	75.0 	71.3 	1.5 	72.8 	2.2
Parks & Recreation Projects 	100.6 	84.6 	4.6 	89.2 	11.4
Economic Development 	30.8 	21.5 	1.7 	23.2 	7.6
743.7 	569.8 	40.1 	609.9 	133.8
Transportation Projects (in millions)
Adjusted
Budget
All Prior
Years
Expense
Current
Year
Expense
All Years
Expense
Remaining
Budget
Balance
Beach Blvd Intercoastal Bridge 	78.0 	51.4 	14.9 	66.3 	11.7
Kernan Blvd Improvements 	92.0 	76.8 	(6.7) 	70.1 	21.9
Brannan Field-Chaffee Rd 	77.7 	34.7 	4.8 	39.5 	38.2
Heckscher @ 9A Improvements 	48.0 	7.5 	4.0 	11.5 	36.5
Argyle Forest Blvd Improvements 	39.0 	30.3 	- 	30.3 	8.7
East-West Industrial Corridor 	26.2 	19.9 	5.7 	25.6 	0.6
Cecil Field Roads and Drainage 	25.0 	24.9 	(1.0) 	23.9 	1.1
St. Augustine Road 	26.1 	24.6 	0.7 	25.3 	0.8
Shindler Road Improvements 	22.4 	2.4 	2.0 	4.4 	18.0
Broward Rd Improvements 	20.3 	2.1 	5.1 	7.2 	13.1
County-wide Road Resurfacing 	132.2 	114.8 	8.6 	123.4 	8.8
Drainage System Improvements 	98.7 	86.3 	5.1 	91.4 	7.3
Intersection & Bridge Improvements 	23.9 	23.6 	0.1 	23.7 	0.2
Sidewalks and Bike Lanes-Countywide 	20.0 	19.7 	0.3 	20.0 	-
Other Road Improvement Projects 	427.2 	181.1 	106.6 	287.7 	139.5
Other JTA Transportation Projects 	349.8 	232.2 	112.4 	344.6 	5.2
1,506.5 	932.3 	262.6 	1,194.9 	311.6
Expenditures
Expenditures

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BUSINESS ACTIVITIES
In addition to the Major Business Unit (Solid Waste) the following schedule reflects the level of activities, operations and debt
service picture for the City’s cultural and entertainment facilities.
Jacksonville 	Veterans
Municipal 	Memorial 	Baseball 	Performing 	Convention 	Equestrian
Stadium 	Arena 	Stadium 	Arts 	Center 	Center
Seating capacity 	75,000 	15,000 	10,000 	4,000 	4,000 	4,000
Number of events 	158 	97 	93 	278 	204 	84
Attendees 	726,240 	411,691 	595,093 	284,422 	147,889 	40,143
Revenues
Rent 	4,305,771 	820,890 	126,084 	490,187 	638,981 	100,503
Concessions 	903,851 	823,817 	18,546 	248,411 	165,981 	19,578
Event related reimbursement 	3,536,010 	4,703,542 	339,523 	1,750,360 	767,467 	301,542
Other 	320,406 	631,878 	38,994 	(61,088) 	182,921 	42,628
Operating Total Revenue 	9,066,038 	6,980,127 	523,147 	2,427,870 	1,755,350 	464,251
Expenses
Event related 	2,821,014 	2,051,347 	163,080 	990,540 	401,732 	64,446
Operating (excluding depreciations) 	8,345,312 	5,194,955 	1,191,043 	2,254,470 	3,289,394 	1,082,410
Operating Total Expenses 	11,166,326 	7,246,302 	1,354,123 	3,245,010 	3,691,126 	1,146,856
Operating Subsidy/Uses of Net Assets
Arena 	99,121 	(605,710) 	187,510 	258,724 	0 	60,355
Convention Center 	882,074 	0 	0 	0 	(882,074) 	0
Net Assets 	0 	871,885 	0 	0 	1,813,536 	0
981,195 	266,175 	187,510 	258,724 	931,462 	60,355
Net Operating Surplus/Deficits 	(1,119,093) 	0 	(643,466) 	(558,416) 	(1,004,314) 	(622,250)
Net General Fund
Operating Subsidy 	1,119,093 	0 	643,466 	558,416 	0 	622,250
Debt Service (D/S)
Expense (P&I) 	11,390,088 	8,125,105 	2,146,768 	51,879 	3,362,000 	103,807
Revenues
Tourist Development Tax 	4,675,449 	0 	0 	0 	0 	0
Convention Dev. Tax 	0 	0 	0 	0 	4,366,314 	0
Better Jacksonville Plan 	8,125,105 	2,146,768 	0 	0 	0
State Sales Tax Recapture 	1,833,337 	0 	0 	0 	0 	0
Total Revenue 	6,508,786 	8,125,105 	2,146,768 	0 	4,366,314 	0
D/S Subsidy
General Fund 	4,881,302 	0 	0 	51,879 	0 	103,807
Operating and
Debt Service subsidy 	6,000,395 	0 	643,466 	610,295 	0 	726,057
Total subsidy 	7,980,213
*Excess Tourist Development, attributed to the Convention Center, can be used for debt service and operation support
The Non-Major funds are combined with other enterprise funds in the Fund Statement and shown in detail in the
Combining Statement - Enterprise Fund activities.
MAJOR 	NON-MAJOR

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OTHER FINANCIAL INFORMATION:
Debt Administration
The City’s sound financial condition is evidenced by the continuation of its long-held high-grade bond ratings on
indebtedness from the major credit rating services.
Moody’s 	S&P 	Fitch
General Government
Issuer Credit Rating (IRC) 	Aa2 	AA 	AA
Excise Tax Revenue Bonds 	Aa3 	A+ 	AA
Local Government Half-cent Sales Tax Bonds 	Aa3 	AA- 	AA
Guaranteed Entitlement Revenue Bonds 	A2 	A 	AA-
Capital Improvement Revenue Bonds 	A1 	n/a 	AA-
Capital Projects Revenue Bonds 	A1 	n/a 	A+
Special Revenue Bonds 	Aa3 	AA- 	AA-
Special Program
Better Jacksonville Plan
Sales Tax Bonds 	Aa3 	AA- 	AA
Transportation Bonds 	Aa3 	AA- 	AA
Component Units
JEA
Electric 	Aa2 	AA- 	AA-
Water & Sewer 	Aa3 	AA- 	AA
St. John’s River Power Park (SJRPP) 	Aa2 	AA- 	AA-
Bulk Power 	Aa2 	AA- 	AA-
JAA 	A3 	A- 	A
JPA 	A2 	n/a 	A
Reference to Management, Discussion, and Analysis (MD&A)
GAAP requires that management provide a narrative introduction, overview and analysis to accompany
the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This
letter of transmittal is designed to complement MD&A and should be read in conjunction with it. The
City of Jacksonville’s MD&A can be found immediately following the report of the independent certified
public accountants.

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GENERAL INFORMATION
Accounting
The City's accounting system is organized and operated on a fund basis. 	A fund is defined as an
independent fiscal and accounting entity with a self-balancing set of accounts. 	The types of funds to be
used are determined by generally accepted governmental accounting principles, and the number of
individual funds established is determined by sound financial administration and statutory and ordinance
requirements of the Council.
Budgeting
Detailed provisions regulating the City's budget, tax levies and appropriations are set in Florida Law in
the City Charter and in the City's Ordinance Code. The mayor is required to submit a proposed budget to
Council by the second Tuesday in July of each year. 	The mayor's Proposed Budget is to comply with
state and local legal requirements for a balanced financial plan of operation for the government’s
upcoming fiscal year. 	The Mayor's Proposed Budget identifies revenues and other financial resources
which are anticipated to be available for appropriations, makes recommendations for appropriations,
expenditures and uses of financial resources, and otherwise presents concise policy direction and guidance
for the continuing financial operation of the City. 	Prior to the beginning of each new fiscal year, the
Council adopts, by ordinance, a balanced budget which contains estimated revenues and other financing
sources, appropriations, authorizations of full time positions and temporary employee hours, and any
amendments to the Ordinance Code which relate to the annual budget.
Reporting Entity
The financial reporting entity includes all funds of the primary government (Consolidated Government
City of Jacksonville/Duval County), as well as all of its component units. Component units are legally
separate organizations for which the City is financially accountable and, for financial statement purposes,
are either blended with the activities of the City or discretely presented. The criteria used to determine
whether an organization should be a part of the City of Jacksonville's reporting entity are outlined in note
one (1).
Report Format
The Comprehensive Annual Financial Report is presented in three sections: (1) the Introductory Section
includes general information about the City and summarizes financial activity for the fiscal year; (2) the
Financial Section includes the Independent Certified Public Accountants Report on the City’s Basic
Financial Statements, Management’s Discussion and Analysis, the Basic Financial Statements, Notes to
Financial Statements, Required Supplementary Information, and the Combining and Individual Fund
Financial Statements and Schedules; and (3) the Statistical Section, containing un-audited financial and
other data of an economic, financial and demographic nature for prior and current years. The Notes to
Financial Statements, in the financial section, are necessary for an understanding of the information
included in the statements. They include the summary of significant accounting policies and other
necessary disclosures of matters relating to the financial position of the City.

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Independent Audit
The Report fulfills the requirements set forth in the City Charter, Section 5.11; Chapter 166.241, Florida
Statutes and Chapter 10.550 Rules of the Florida Auditor General, requiring publication of basic financial
statements which have been audited by independent auditors. 	The independent auditor’s report is
presented as the first component of the financial section of this report. The financial statements of certain
component units were audited by other auditors as described in the Ernst & Young LLP audit opinion.
Reporting Achievement
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a
Certificate of Achievement for Excellence in Financial Reporting to the City of Jacksonville for its
comprehensive annual financial report for the fiscal year ended September 30, 2008. The Certificate of
Achievement is a prestigious national award, recognizing conformance with the highest standards for the
preparation of state and local government financial reports.
In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable
and efficiently organized comprehensive annual financial report, whose contents conform to program
standards. Such comprehensive annual financial reports must satisfy both accounting principles generally
accepted in the United States and applicable legal requirements.
A Certificate of Achievement is valid one year only. 	The City of Jacksonville has received this
Certificate for twenty-nine consecutive years (fiscal years 1980 through 2008). 	We believe our current
report continues to conform to the Certificate of Achievement program requirements, and we are
submitting it to the GFOA for their review.

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ORGANIZATIONAL CHART
CITY OF JACKSONVILLE, FLORIDA
Information
Technologies
Department
Jacksonville
Economic De-
velopment
Commission
(JEDC)
Finance
Department
Fire & Rescue
Department
Central Opera-
tions
Department
Recreation &
Community
Services De-
partment
Deputy CAO/
Sustainable
Communities
Chief
Administrative
Officer
Various Boards and
Commissions	MAYOR
L E G I S L A T I V E
CITY COUNCIL
19 MEMBERS (14 ELECTED BY DISTRICTS; 5 AT LARGE)
S T A N D I N G 	C O M M I T T E E S
Various Boards Authori-
ties, Councils & Commis-
sions Appointed By City
Council
CONSTITUTIONAL OFFICERS
JUDICIAL
Chart Rev. 10/08 	*** Appointed by the Governor
JUDICIAL
T H E
 
V O T E R S
 
E L E C T
E X E C U T I V E
General
Counsel
Public Works
Department
Rules
Recreation and
Community
Development
Transportation,
Energy
and Utilities
Public Health
and Safety
Land Use
and
Zoning
Finance
Auditor 	Council Secre-
tary
Property
Appraiser
Duval County
School Board
(7 Members
	elected by District)
Supervisor
of
Elections
Tax
Collector
	Sheriff
Circuit Court*
(29 Judges)
County
Court*
(17 Judges)
Clerk of
Circuit Court* State
Attorney* Public
Defender* Medical
Examiner***

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xxvi
City of Jacksonville, Florida
City Officers and Constitutional Officeholders
John Peyton, Mayor
City Officers
Adam Hollingsworth .................................................................................. Chief of Staff
Alan Mosley ....................................................................... Chief Administrative Officer
Roslyn Mixon-Phillips.............................................................Chief Community Officer
Misty Skipper..................................................................... Director of Communications
Pamela Markham ……………………………………………………...Inspector General
Kerri Stewart ………………………………………Deputy Chief Administrative Officer
Rick Mullaney, Esq. .............................................................................. General Counsel
G. Michael Miller, CPA, CGFO, CGFM, CIA……Chief Financial Officer & Dir. Finance
Devin Reed, Esq. ................................................................Director, Central Operations
Roslyn Mixon-Phillips.............................Director, Recreation and Community Services
Daniel A. Kleman .................................................................... Director, Fire and Rescue
Dr. Robert Harmon .............................................................. Public Health Administrator
Kevin Holzendorf ………………. Director & Chief, Information Technology Department
Joey Duncan ................................................................................ Director, Public Works
Ebenezer Gujjarlapudi ..........................Director, Environmental Resource Management
William Killingsworth ……………………………..Director, Planning and Development
Wight Greger ………………………………………Director, Housing and Neighborhoods
Kevin G. Stork, CGFM..................................................................................Comptroller
Michael R. Givens, CPA ...................................................................................Treasurer
Kent R. Olson, CGFO.............................................................................. .Budget Officer
Constitutional Officeholders
Jim Fuller.......................................................................................Clerk of Circuit Court
Jim Overton ........................................................................................Property Appraiser
John Rutherford . ................................................................................................... Sheriff
Jerry Holland ...............................................................................Supervisor of Elections
Mike Hogan ................................................................................................ Tax Collector

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xxvii
City of Jacksonville, Florida
City Council Officials and Staff
City Council
President of Council ...................................................................................Richard Clark
Vice President of Council ...............................................................John D. “Jack” Webb
District 	1 	— Clay Yarborough 	District 	8 	— E. Denise Lee
District 	2 	— William Bishop 	District 	9 	— Warren A. Jones
District 	3 	— Richard Clark 	District 10 	— Reginald L. Brown
District 	4 	— Don Redman 	District 11 	— Ray Holt
District 	5 	— Art Shad 	District 12 	— Daniel J. Davis
District 	6 	— John D. “Jack” Webb 	District 13 	— Vacant
District 	7 	— Dr. Johnny Gaffney 	District 14 	— Michael Corrigan
Group 1 At-Large — Ronnie Fussell
Group 2 At-Large — John R. Crescimbeni
Group 3 At-Large — Stephen C. Joost
Group 4 At-Large — Kevin Hyde
Group 5 At-Large — Glorious J. Johnson
Council Staff
Kirk Sherman, CPA ................................................................................ Council Auditor
Cheryl Brown ........................................................................ Director/Council Secretary
Kristi Sikes ...................................................................Chief of Administrative Services
Dana Farris .........................................................................Chief of Legislative Services
Jeff Clements ....................................................................................... Chief of Research

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FINANCIAL SECTION

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Ernst & Young LLP
Suite 1701
1 Independent Drive
Jacksonville, FL 32202
Tel: +1 904 358 2000
Fax: +1 904 358 4598
www.ey.com
A member firm of Ernst & Young Global Limited
1003-1144551
Report of Independent Certified Public Accountants
The Honorable Mayor and Members of the City Council
City of Jacksonville, Florida
We have audited the accompanying financial statements of the governmental activities, the business-type
activities, the aggregate discretely presented component units, each major fund, and the aggregate
remaining fund information of the City of Jacksonville, Florida (the City), as of and for the year ended
September 30, 2009, which collectively comprise the City’s basic financial statements as listed in the
table of contents. We also have audited the Jacksonville Retirement System pension trust fiduciary fund
included in the accompanying combining individual fund statements and schedules for the year ended
September 30, 2009. These financial statements are the responsibility of the City’s management. Our
responsibility is to express opinions on these financial statements based on our audit. We did not audit the
financial statements of the Jacksonville Port Authority, Jacksonville Transportation Authority, and
Downtown Vision, Inc., which collectively represent 14%, 23%, and 12%, respectively, of the assets, net
assets, and revenues of the aggregate discretely presented component units. In addition, we did not audit
the financial statements of the Police and Fire Pension Plan Trust Fund, which represents 37% and 34%,
respectively, of the assets and net assets of the pension trust funds. Those financial statements were
audited by other auditors whose reports have been furnished to us, and our opinions, insofar as they relate
to the amounts included for the aforementioned component units and the pension trust fund, are based
solely on the reports of the other auditors. The prior year summarized comparative information has been
derived from the City’s 2008 financial statements and, in our report dated May 6, 2009, which refers to
the reports of other auditors, we expressed unqualified opinions on the respective financial statements of
the governmental activities, the business-type activities, the aggregate discretely presented component
units, each major fund, and the aggregate remaining fund information.
We conducted our audit in accordance with auditing standards generally accepted in the United States and
the standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material misstatement. We
were not engaged to perform an audit of the City’s internal control over financial reporting. Our audit
included consideration of internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on
the effectiveness of the City’s internal control over financial reporting. Accordingly, we express no such
opinion.
An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation. We believe that our audit and
the reports of other auditors provide a reasonable basis for our opinions.
In our opinion, based on our audit and the reports of other auditors, the financial statements referred to
above present fairly, in all material respects, the respective financial position of the governmental
activities, the business-type activities, the aggregate discretely presented component units, each major

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A member firm of Ernst & Young Global Limited
1003-1144551
fund, and the aggregate remaining fund information of the City as of September 30, 2009, and the
respective changes in financial position and, where applicable, cash flows thereof for the year then ended
in conformity with U.S. generally accepted accounting principles. In addition, in our opinion, the
financial statements referred to above present fairly, in all material respects, the financial position of the
Jacksonville Retirement System pension trust fiduciary fund of the City as of September 30, 2009, and
the changes in financial position thereof for the year then ended in conformity with US generally accepted
accounting principles.
As discussed in Note 1 R. to the basic financial statements, the City adopted Governmental Accounting
Standards Board Statement No. 54 related to fund balance reporting.
As discussed in Note 15 D. to the basic financial statements, the City adopted Governmental Accounting
Standards Board Statement No. 49 related to pollution remediation obligations.
In accordance with Government Auditing Standards, we have also issued our report dated March 24,
2010, on our consideration of the City’s internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other
matters. The purpose of that report is to describe the scope of our testing of internal control over financial
reporting and compliance and the results of that testing, and not to provide an opinion on the internal
control over financial reporting or on compliance. That report is an integral part of an audit performed in
accordance with Government Auditing Standards and should be considered in assessing the results of our
audit.
The management’s discussion and analysis, the schedule of revenue, expenditures and changes in fund
balance – budget and actual – general fund, and the schedules of employer contributions and funding
progress listed under required supplementary information on pages 6 through 20 and 152 through 159 are
not a required part of the basic financial statements but are supplementary information required by the
Governmental Accounting Standards Board. We and the other auditors have applied certain limited
procedures, 	which 	consisted 	principally 	of 	inquiries 	of 	management 	regarding 	the 	methods 	of
measurement and presentation of the required supplementary information. However, we did not audit the
information and express no opinion on it.
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City’s basic financial statements. The combining individual fund statements and schedules
listed in the table of contents are presented for purposes of additional analysis and are not a required part
of the basic financial statements. Such information has been subjected to the auditing procedures applied
by us and the other auditors in the audit of the basic financial statements and, in our opinion, are fairly
stated in all material respects in relation to the basic financial statements taken as a whole. The
information presented in the introductory and statistical sections has not been subjected to the auditing
procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion
on it.
eyMarch 24, 2010

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MANAGEMENT'S DISCUSSION
AND ANALYSIS

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MANAGEMENT’S DISCUSSION AND ANALYSIS
The City of Jacksonville’s discussion and analysis is designed to provide an objective and easy to read
overview of the City’s financial activities, with a focus on significant financial issues, as well as identify
material deviations from the financial plan (the approved budget), identify changes in the City’s financial
position (its ability to address the next and subsequent year challenges), and identify individual fund issues or
concerns.
The Management’s Discussion and Analysis (MD&A) is designed to focus on the current year’s activities,
resulting changes and currently known facts. The information contained within this MD&A should be
considered only a part of the entire report.
Financial Highlights
• 	Capital assets were $2.9 billion on September 30, 2009, a $170 million, 5.8% increase over last
fiscal year.
• 	Property tax revenues experienced a $3 million, 1% decrease. Capital grants and contributions
decreased $3.8 million. A decrease of $17.4 million occurred in sales and tourist taxes as well as an
$18 million decrease in intergovernmental revenues.
• 	Increases in governmental activities expenses were net $27.5 million or 3%. The major portion of
the increase of $38.3 million occurred in transportation, additional expense increases occurred with
$7.5 million in general government, $5.9 million in human services, and $16.2 million in public
safety. These expense increases were offset by decreases in expenses for interest on long term debt
and economic & physical environment of $43.3 million.
• 	The City continues to maintain a $44 million emergency reserve.
• 	The City’s general fund operations had total revenues of $959 million a 2.3% increase over fiscal
year 2008.
Additional information that explains these financial highlights may be found on pages 13, 16, and 17 of this
MD&A.
City Highlights
• 	Fiscal year 2008-2009 was the second year of Governor/Speaker of the House state imposed
property tax rollback/restructure which involved both legislative and constitutional amendment
required actions.
• 	In light of the actions in Tallahassee and an identified need to diversify the City revenue base, the
mayor introduced, and the City Council approved, three new fees common around the state but
historically not used in the City:
• 	A 3% franchise fee on electric, water and sewer
• 	A $3 residential solid waste fee
• 	A $5 per equivalent residential unit (ERU) stormwater fee
The three fees were phased-in with partial impact in fiscal year 2007-2008 and a full year impact in
fiscal year 2008-2009 with fees recorded in fiscal year 2009 of $37.5 million, $11.3 million and $29
million, respectfully.
• 	To address the problem of violent crime, the mayor initiated a 150 member citizen commission to
produce a multifaceted, multi-year phased-in action plan. Included in the 2008-2009 budget was a
$31 million program to a) get tougher on convicted criminals; (b) put more police on the street; (c)
guide ex-offenders away from crime and toward self-sufficiency; and (d) to provide appropriate
supervision and guidance for children in after-school programs and summer activities.
• 	In light of the January 1, 2009 property tax base contraction (a 6% reduction) the 2009-2010 millage
rollback/rollup produced the first millage rate increase in 17 years to produce a revenue neutral
result.
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OVERVIEW OF THE BASIC FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the City of Jacksonville’s basic
financial statements. As indicated in the following graphic (Figure A-1), the City of Jacksonville’s basic
financial statements are comprised of three components: 1) citywide basic financial statements; 2) fund
financial statements; and 3) notes to the financial statements. This report also contains supplementary and
statistical information in addition to the basic financial statements themselves.
Figure A-1
COMPONENTS OF THE ANNUAL FINANCIAL REPORT
Summary 	Detail
Management’s
Discussion
and
Analysis
(MD&A)
Basic
Financial
Statements
Required
Supplementary
Information
(RSI)
Citywide
Financial
Statements
Fund
Financial
Statements
Notes
to the
Financial
Statements
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Citywide Basic Financial Statements
The citywide basic financial statements are designed to provide readers with a broad overview of the City of
Jacksonville’s finances, in a manner similar to a private-sector business.
The focus of the Statement of Net Assets is designed to be similar to bottom line results for the City and its
governmental and business-type activities. This statement combines and consolidates governmental funds
current financial resources (short-term spendable resources) with capital assets and long term obligations.
The Statement of Activities distinguishes functions of the City of Jacksonville that are principally supported
by taxes and intergovernmental revenues (governmental activities such as; police, fire, public works,
recreation, and general administration) from other functions that are intended to recover all or a significant
portion of their costs through user fees and charges (business-type activities such as: solid waste, sports
complex, motor vehicle, public parking and ferry operations).
Component Units, which are other governmental units over which the City can exercise influence and/or may
be obligated to provide financial subsidy, are presented as a separate column in the citywide statements. The
City of Jacksonville’s component units are as follows: JEA, Jacksonville Transportation Authority,
Jacksonville Aviation Authority, Jacksonville Port Authority, Water Sewer Expansion Authority, Jacksonville
Housing Finance Authority, Downtown Vision, Inc. and Jacksonville Economic Development Commission.
JEA, Jacksonville Transportation Authority, Jacksonville Aviation Authority, Jacksonville Port Authority and
Downtown Vision, Inc. publish separately issued financial statements. For more information, see footnote
1.B. The focus of the statements is on the primary government and the presentation allows the user to address
the relationship with the Component Units.
The two statements (Statement of Net Assets and Statement of Activities) demonstrate how the City’s net
assets have changed. Increases or decreases in net assets are good indicators of whether the City’s financial
health is improving or deteriorating over time. Other non-financial factors such as changes in the City’s
property tax base are important considerations to assess the City’s overall financial condition.
Fund Financial Statements
A fund is a grouping of related accounts used to maintain control over resources that have been segregated for
specific activities or objectives. Traditional users of governmental financial statements will find the Fund
Financial Statements presentation more familiar. The focus is on Major Funds, rather than fund types, which
provides detailed information about the most significant funds. The City of Jacksonville, like other state and
local governments, uses funds to ensure and demonstrate compliance with financial requirements imposed by
law, bond covenants and local administrative and legislative actions. All of the City’s funds can be divided
into three categories: governmental funds, proprietary funds and fiduciary funds.
Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental
activities in the citywide basic financial statements. However, unlike the citywide basic financial
statements, governmental fund financial statements focus on near-term inflows and outflows of
spendable resources, as well as on balances of spendable resources available at the end of the fiscal
year. Such information may be useful in evaluating a government’s near-term financing
requirements.
Since the focus of governmental funds is narrower than that of the citywide basic financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the citywide basic financial statements. This
allows readers to better understand the long-term impact of the government’s near-term financing
decisions.
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Both the governmental fund balance sheet and the governmental fund statement of revenues,
expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison
between governmental funds and governmental activities.
Governmental fund information is presented separately in the governmental fund balance sheet and
in the governmental fund statement of revenues, expenditures, and changes in fund balances for the
General Fund, Special Bonded Debt-Better Jacksonville Plan Obligations Fund, Bond Projects Fund,
and Better Jacksonville Project Fund, all of which are considered to be major funds. Information
from other non-major funds is combined into a single, aggregated presentation.
Proprietary Funds
Proprietary funds provide the same type of information as the business-type activities in the citywide
basic financial statements, only in more detail. The proprietary fund financial statements can be
found in the Fund Financial Statements section of this report.
The City of Jacksonville maintains two major types of proprietary funds.
Enterprise funds are used to report the same functions presented as business-type activities
in the citywide basic financial statements. The City uses enterprise funds to report separate
information on operations such as solid waste, which is a major fund and sports complex
activities, motor vehicle, ferry operations, and public parking, which are non-major funds.
The internal service funds are used to account for activities that provide goods and services
to the City’s other programs and activities. Since the internal service funds predominantly
benefit governmental rather than business-type functions, they have been included within
governmental activities in the citywide basic financial statements.
Fiduciary Funds
The City of Jacksonville is the trustee, or fiduciary, for trusts such as the City employee’s retirement
plan. Because of a trust arrangement, these assets can be used only for the trust beneficiaries. The
City is responsible for ensuring that the assets reported in these funds are used for their intended
purposes. All of the City of Jacksonville’s fiduciary activities are reported in a separate statement of
fiduciary net assets and a statement of changes in fiduciary net assets. These activities are excluded
from the citywide basic financial statements because the assets cannot be used to support or finance
the City’s programs or operations. The Fiduciary Funds Statement of Changes in Net Assets can be
found in the Fund Financial Statement section of this report.
Notes to the Financial Statements
The notes to the financial statements provide additional information that is essential to a full understanding of
the data provided in the citywide and fund financial statements. The notes can be found as a part of the Basic
Financial Statements section of this report.
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Other Information
This report additionally includes required supplementary information (RSI) containing budgetary
comparisons with related notes and the progress of the City’s employee pension obligations.
The combined statements in connection with non-major governmental and enterprise funds, internal service
funds, fiduciary funds and nonmajor component units are presented following the required supplementary
information.
Additional statistical information is presented to give report users a better historical perspective and assist in
assessing current financial status and trends of the governmental unit.
Economic data is presented to allow a broader understanding of the economic and social environment in
which the city government operates.
CITYWIDE FINANCIAL ANALYSIS
Net assets may serve over time as a useful indicator of government’s financial position.
As of September 30, 2009, the City of Jacksonville is able to report positive balances in overall net assets
(See Table A-1).
2009 	2008 	2009 	2008 	2009 	2008
Cash and Investments 	684,962	$ 	710,501	$ 	113,252	$ 	94,181	$ 	798,214 	$ 804,682
Other Current Assets 	306,028 	339,518 	36,980 	32,316 	343,008 	371,834
Capital Assets 	2,480,672 	2,310,411 	436,791 	436,848 	2,917,463 	2,747,259
Total assets 	3,471,662 	3,360,430 	587,023 	563,345 	4,058,685 	3,923,775
Current Liabilities 	247,168 	268,192 	32,675 	21,732 	279,843 	289,924
Long-term obligations 	2,510,678 	2,401,428 	409,092 	403,475 	2,919,770 	2,804,903
Total liabilities 	2,757,846 	2,669,620 	441,767 	425,207 	3,199,613 	3,094,827
Net assets
Invested in capital assets,
ne t of related debt 	1,007,636 	1,000,539 	129,274 	114,078 	1,136,910 	1,114,617
Restricted for:
State and Federal Grants 	52,938 	40,979 	- 	- 	52,938 	40,979
Capital Projects 	42,040 	39,336 	- 	- 	42,040 	39,336
Permanent Fund
non-expendable 	123 	123 	- 	- 	123 	123
Other 	4,271 	610 	- 	- 	4,271 	610
Unrestricted 	(393,192) 	(390,777) 	15,982 	24,060 	(377,210) 	(366,717)
Total net assets (deficit) 	713,816	$ 	690,810	$ 	145,256	$ 	138,138	$ 	859,072 	$ 828,948
Total Primary
Government
Governmental
Activities 	Activities
Business Type
Table A-1
Summary Statement of Net Assets
(In Thousands)
as of September 30, 2009 and September 30, 2008
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The largest portion of the City’s net assets reflects its substantial capital assets, net of related debt. This
displays the City’s commitment to investing in assets that have useful lives in excess of the life of the debt
issues used to finance the assets. The $12 million increase in Restricted for State and Federal Grants in Table
A-1 is reflective of decreases in expenses in the Housing Department due to a reduction in owner-occupied
rehabilitation grant programs. The increase in capital assets in the 2009 governmental activity includes $39
million from developer contributions for infrastructure assets.
The negative unrestricted net assets in the governmental activities is primarily due to non-asset related debt
issued for various capital projects that belong to other entities, but the debt is a liability of the City. Some of
the debt was issued under the Better Jacksonville Plan (BJP), which has a dedicated revenue sources for
payment of the debt. See Note 18 for further discussion.
The City issued non-asset related debt:
• 	for the Jacksonville Transportation Authority for state highway projects within the City;
• 	for the Jacksonville Port Authority for their port terminal facilities;
• 	to finance improvements at Shands-Jacksonville – a large regional hospital serving the City’s
citizens, including its indigent population;
• 	to provide economic development incentives to entice developers to invest in the downtown and
other targeted areas of the City, while using Tax Increment District funds to provide a dedicated
revenue source for payment of the debt. (See Note 18 for further discussion.)
• 	For several other projects within the City, such as septic tank removals and sewer expansion and
pollution remediation, etc.
On the following page, Table A-2 provides a summary comparison of the City’s operations for the 2008 and
2009 fiscal year ends. .
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2009 	2008 	2009 	2008 	2009 	2008
Revenues:
ProgramRevenues:
Fines &charges for services 	125,048	$ 	142,289	$ 	87,490	$ 	65,629	$ 	212,538	$ 	207,918	$
Operating grants/contributions 	83,067 	84,250 	- 	- 	83,067 	84,250
Franchise Fees 	38,891 	19,478 	- 	- 	38,891 	19,478
JEAContribution 	96,962 	94,188 	- 	- 	96,962 	94,188
Capital grants/contributions 	52,464 	56,230 	- 	- 	52,464 	56,230
General revenues:
Property taxes 	474,381 	477,368 	- 	- 	474,381 	477,368
Utility service taxes 	118,453 	114,392 	- 	- 	118,453 	114,392
Sales and tourist taxes 	162,295 	179,645 	10,875 	12,695 	173,170 	192,340
Intergovernmental 	166,923 	185,041 	- 	- 	166,923 	185,041
Earnings onInvestments 	73,326 	15,263 	8,237 	2,516 	81,563 	17,779
Miscellaneous 	29,028 	48,976 	20,400 	8,822 	49,428 	57,798
Total Revenues 	1,420,838 	1,417,120 	127,002 	89,662 	1,547,840 	1,506,782
Expenses
General government 	180,054 	174,777 	- 	- 	180,054 	174,777
Humanservices 	107,991 	102,076 	- 	- 	107,991 	102,076
Public safety 	527,227 	511,009 	- 	- 	527,227 	511,009
Cultural and recreational 	71,091 	67,054 	- 	- 	71,091 	67,054
Transportation 	217,296 	178,949 	- 	- 	217,296 	178,949
Economic &physical environment 	169,685 	203,444 	- 	- 	169,685 	203,444
Interest on longterm debt 	94,289 	102,835 	- 	- 	94,289 	102,835
Parkingsystem 	- 	- 	3,417 	3,921 	3,417 	3,921
Motor vehicle inspections 	- 	- 	433 	462 	433 	462
Solid Waste 	- 	- 	86,674 	69,230 	86,674 	69,230
Stormwater services 	- 	- 	14,612 	55 	14,612 	55
Jacksonville Municipal Stadium 	- 	- 	20,361 	11,850 	20,361 	11,850
Veterans Memorial Arena 	- 	- 	12,355 	8,055 	12,355 	8,055
Baseball Stadium 	- 	- 	1,993 	1,297 	1,993 	1,297
Performing Arts Center 	- 	- 	4,006 	3,264 	4,006 	3,264
Convention Center 	- 	- 	4,342 	3,681 	4,342 	3,681
Equestrian Center 	- 	- 	1,890 	1,449 	1,890 	1,449
Total Expenses 	1,367,633 	1,340,144 	150,083 	103,264 	1,517,716 	1,443,408
Increases (decreases) in
net assets before transfers 	53,205 	76,976 	(23,081) 	(13,602) 	30,124 	63,374
Transfers 	(30,199) 	(232,306) 	30,199 	232,306 	- 	-
Change innet assets 	23,006 	(155,330) 	7,118 	218,704 	30,124 	63,374
Net assets (deficit), beginningof year 	690,810 	846,140 	138,138 	(80,566) 	828,948 	765,574
Net assets (deficit), endof year 	713,816	$ 	690,810	$ 	145,256	$ 	138,138	$ 	859,072	$ 	828,948	$
Total Primary
Government
Governmental
Activities
Business Type
Activities
Table A-2
Statement of Activities
(InThousands)
as of September 30, 2009 andSeptember 30, 2008
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Governmental activities:
The City’s governmental activities revenues increased $14.5 million from 2008 to 2009 (see Table A-2) and
consists of:
• 	Franchise fee revenues increased by $19.4 million due to a full year of the new franchise
fee in fiscal year 2009. Fines & charges for services decreased $17.2 million comprised of
a $7.4 million decrease in Circuit Court revenues and a $6.9 million decrease in the Fair
Share revenues due to the downturn in the economy.
• 	Utility service taxes increased $4 million due to JEA rate increases in fiscal year 2009.
• 	Interest revenues increased $58 million due to the upturn in the investment markets.
• 	Miscellaneous revenues decreased from FY 2008 because FY 2008 included $6.2 million
for land sold to the federal government to be used as a veteran’s cemetery and $7.4 million
in revenues from sale of Loblolly Wetlands credits.
• 	Property tax revenues reflected a $3 million decrease in FY 2009, although the ad valorem
tax rate remained at 8.4841 throughout FY 2008 and FY 2009.
• 	The largest source of decreases in revenue in FY 2009 was an $18 million decrease in
intergovernmental revenue representing a reduction in state shared revenues of $4.7 million
and a $14 million reduction in the ½ cent sales tax due to the downturn in the economy.
Increases in governmental activities expenses were $40.5 million.
• 	Transportation expenses increased $38.3million in 2009 due to funding the Jacksonville
Transportation Authority for use on the bus system and other related transportation costs
in fiscal year 2009.
• 	Public safety expenses increased $16.2 million with a $15.8 million increase in the
Sheriff’s Office salaries and related benefits for additional police and correctional officers.
• 	Human services increased $5.9 million primarily due to the new Jacksonville Journey
initiative which funded $5 million in programs such as Early Literacy, Team Up, and
Juvenile Summer Camps in FY 2009.
• 	A decrease of $33.8 million occurred in economic & physical environment due to $50
million in FY 2008 increase in the estimated liability for pollution remediation at the ash
sites, with only a $17 million increase in landfill closure/post-closure liability in FY 2009.
• 	A $13.5 million decrease occurred in FY 2009 in interest on long term debt due to lower
rates on variable rate debt.
Business Type activities:
The City’s business type revenues significantly changed from 2008 to 2009 (see Table A-2) and consists of:
• 	Increases in fines and charges for services of $22 million were due to the first full year of
the new storm water user fees in FY 2009.
• 	There was a $1.8 decrease in the tourist taxes in FY 2009 due to the downturn in the
economy and related impact in hotel occupancy.
• 	Miscellaneous revenues increased $11.6 million due to the removal of Mayport Ferry
assets in FY 2008 and an increase in rental revenues due to the expiration of the Jaguar’s
rental discount in FY 2009.
Increases in business type activities expenses were $44.6 million:
• 	Storm Water Services’ increase of $14.5 million was the result of the streets and drainage
operations being moved from the General Fund.
• 	Solid Waste’s increase of $17.4 was due to the increased landfill closure/post-closure
liability in FY 2009.
• 	The Jacksonville Municipal Stadium’s $8.5 million and the Veterans Memorial Arena’s
$4.3 million expenditure increases are due to depreciation and interest expense from the
movement/realignment of capital assets and debt to the venues from governmental
activities.
The change in transfers between governmental and business type is due to movement/realignment of assets
and debt to the enterprise venues in FY 2008.
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Expenses and Program Revenues - Governmental Activities
-
100
200
300
400
500
600
General
Government
Human Services 	Public Safety 	Culture and
Recreation
Transportation 	Economic &
Physical Env.
Interest on LT Debt
$ Millions
Expenses 	Program Revenues
Revenues - Governmental Activities
Fines and Charges
for Services
11%
Taxes
53%
Intergovernmental
12%
Other Misc.
2%
Earnings on
Investments
5%
Capital Grants
Contributions
4%
Operating
Grant/Contributions
13%
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Expenses - Governmental Activities
Human Services
8%
Interest on LT Debt
7%
Culture &
Recreation
7%
Public Safety
33%
Transportation
21%
Economic & Physical
Environment
10%
General Government
14%
Expenses and Program Revenues - Business-Type Activities
-
10
20
30
40
50
60
70
80
90
Storm Water Services
Municipal Stadium
Memorial Arena
Solid Waste
Baseball Stadium
Performing Arts
Convention Center
	Equestrian Center
Parking System
$ Millions
Expenses 	Program Revenues
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FINANCIAL ANALYSIS OF THE CITY GOVERNMENT’S FUNDS
As noted earlier, the City of Jacksonville uses fund accounting to ensure and demonstrate compliance with
finance-related legal requirements.
Governmental Funds: The focus of the City of Jacksonville’s governmental funds is to provide information
on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing
the City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a
government’s net resources available for spending at the end of fiscal year 2009. The City of Jacksonville
uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.
All non-major funds of each governmental fund type with legally adopted annual budgets are included in the
Combining Schedule of Revenue, Expenditures, and Changes in Fund Balance – Budget and Actual. The
General Fund Budget and Actual Schedule is included as Required Supplementary Information following the
Notes to the Financial Statements.
The General Fund is the chief operating fund of the City of Jacksonville. At the end of the current fiscal year,
the unassigned fund balance of the General Fund was $37.6 million. The General Fund’s total fund balance
was $110 million, with $44 million reserved by City Council as an emergency reserve. The City’s Reserve
Policy for the General Fund is covered by Section 106.107 of the City’s municipal code. The policy requires
that the emergency reserve shall not be used except as initiated by the Mayor through written communication
to City Council, explaining the emergency, with subsequent approval by two-thirds votes of all City Council
members.
The 2009 assessed tax roll is up $4 billion over the prior year an increase of 6%.
Key factors affecting changes in major funds and fund balance in fiscal year 2009 operations are as follows:
General Fund:
• 	Property taxes account for approximately 50% of the general fund revenue and decreased $4.8
million or 1% below the previous year. The property tax millage rate was maintained at
8.4841throughout FY 2008 and FY 2009.
Special Bonded Debt – Better Jacksonville Plan Obligations (BJP):
• 	Under the Interlocal Agreement, the City and JTA agreed to pledge the ½ cent sales tax and
Constitutional Gas Tax to the payment of the BJP bonds. The ½ cent sales tax revenues decreased
by $14 million in fiscal year 2009 as compared to the prior fiscal year.
• 	Principal and Interest payments increased $1.9 million in FY 2009 in accordance with the related
amortization schedules.
Better Jacksonville Plan Construction Project Fund:
• 	The Better Jacksonville Plan continued major projects with $86.2 million on road improvement
projects, $20.6 million on drainage projects, $51 million on courthouse and building projects, and an
additional $25.8 million on projects such as countywide resurfacing, parks, fire stations, and other
miscellaneous projects.
• 	Additional BJP debt of $108 million was issued in fiscal year 2009, thus reflected in the $67.6
million net increase in long term debt. See Note 8 for further reference.
Proprietary Funds: The City of Jacksonville’s proprietary funds provide the same type of information
found in the government-wide financial statements, but in more detail. Solid Waste, the Jacksonville
Municipal Stadium and the Veteran’s Memorial Arena are reported as major proprietary funds in fiscal year
2009. The $22 million increase in fines and charges for service revenues is representative of a full year of the
new stormwater fees, and a reduction of $2 million in sales and tourist taxes due to the downturn in the
economy.
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General Fund Budgetary Highlights:
• 	Actual revenues for fiscal year 2009 were $20.7 million below the final budgeted amount.
Positive variances in final budget to actual occurred with $4.5 million actual over budget
property tax revenue and $9.6 in interest and other miscellaneous revenues.
Intergovernmental was below final budget $21.4 million primarily due to a decrease of the
½ cent sales tax and state’s City/County shared revenues.
• 	Overall actual expenditures for fiscal year 2009 were $83.6 million under final budget.
• 	Jacksonville Citywide Activities expenditure budget was increased $9.2 million due to a
realignment of debt service related to general capital projects including environmental
remediation, primarily ash cleanup.
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CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
The City of Jacksonville’s investment in capital assets for its governmental and business-type activities as of
September 30, 2009, amounts to $2.9 billion (net of accumulated depreciation). This investment in capital
assets includes land, buildings and improvements, furniture and equipment, infrastructure, and construction in
progress (see Table A-3). With the partial completion of several major drainage projects in fiscal year 2008,
a focus was placed in fiscal year 2009 on areas such as buildings and the courthouse. Both fiscal years
experienced considerable costs in road projects due to the continuation of the Better Jacksonville Plan.
Additional information on the City of Jacksonville’s capital assets can be found in Notes to the Financial
Statements, Footnote 6 of this report.
2009 	2008 	2009 	2008 	2009 	2008
Land 	280,404	$ 	277,562	$ 	45,089	$ 	34,859	$ 	325,493	$ 	312,421	$
Buildings and improvements 	754,792 	700,771 	547,997 	547,911 	1,302,789 	1,248,682
Furniture & Equipment 	311,709 	293,184 	6,927 	7,075 	318,636 	300,259
Construction in progress 	97,090 	60,217 	- 	- 	97,090 	60,217
Infrastructure 	1,796,854 	1,641,279 	2,841 	- 	1,799,695 	1,641,279
Other Assets 	21,078 	19,391 	- 	- 	21,078 	19,391
Less accumulated depreciation 	(781,255) 	(681,992) 	(166,063) 	(152,999) 	(947,318) 	(834,991)
Total 	$ 2,480,672 	$ 2,310,411 	$ 436,791 	$ 436,848 	$ 2,917,463 	$ 2,747,259
as of September 30, 2009 and September 30, 2008
Governmental 	Business Type
Activities 	Activities 	Total
Table A-3
Capital Assets
Net of Accumulated Depreciation
(In Thousands)
Major project costs in fiscal year 2009 included the following:
Fiscal Year 2009 	Fiscal Year 2008 	Change
Road Projects 	$ 86.2 million 	$ 88.2 million 	$( 2.0)
Building Projects 	14.8 million 	7.5 million 	7.3
Drainage Projects 	20.6 million 	35.4 million 	( 14.8)
Countywide Resurfacing 	11.6 million 	12.3 million 	( 	.7)
Park Department Projects 	5.9 million 	8.9 million 	( 3.0)
Fire Department Projects 	2.5 million 	6.4 million 	( 3.9)
Courthouse Project 	36.2 million 	6.5 million 	29.7
Miscellaneous Projects 	5.8 million 	2.7 million 	3.1
Total 	$ 183.6 million 	$167.9 million 	$ 15.7
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Debt Administration
Debt Service Funds account for the accumulation of resources for, and the payment of, interest and principal
on most general governmental obligations. Individual debt service funds are described below.
The Special Bonded Debt Obligations Fund accounts for the accumulation of resources for, and the
payment of, principal and interest on the City’s special and limited bonded obligations payable solely from
and secured by a lien upon and pledge of the revenues under the respective bond ordinances.
The Special Bonded Debt - Better Jacksonville Plan Obligations Fund accounts for the accumulation of
resources for and the payment of, principal and interest on the City’s special bonded obligations payable,
which are related to the Better Jacksonville Plan.
The Other Non-Bonded Debt Obligations Fund accounts for the accumulation of resources for and the
payment of, principal and interest on other non-bonded debt obligations including the U. S. Government
Guaranteed Notes Payable (HUD 108 loans).
At year-end, the City had $2.5 billion in bonds and notes outstanding as shown in Table A-4. Additional
information on the City of Jacksonville’s long term-debt can be found in Notes to the Financial Statements,
Footnote 8 of this report.
2009 	2008 	2009 	2008 	2009 	2008
Special Obligation Bonds 	771,550	$ 	779,533	$ 	-	$ 	-	$ 	771,550	$ 	779,533	$
Special Obligation-BJP 	1,178,193 	1,090,568 	1,178,193 	1,090,568
Revenue Bonds Payable 	82,828 	54,215 	341,887 	357,124 	424,715 	411,339
Notes Payable 	79,605 	106,145 	- 	- 	79,605 	106,145
Notes Payable-BJP 	60,719 	66,414 	- 	- 	60,719 	66,414
Deferred Amounts
Lo ss on Adv Ref 	(4,065) 	(4,449) 	(1,158) 	(1,441) 	(5,223) 	(5,890)
Issuance premiu ms 	26,285 	20,246 	- 	- 	26,285 	20,246
Issuance discounts 	(3,160) 	(3,315) 	- 	- 	(3,160) 	(3,315)
Total 	$ 2,191,955 	$ 2,109,357 	$ 340,729 	$ 355,683 	$ 2,532,684 	$ 2,465,040
Governmental
Activities
Table A -4
Outstanding Debt at Y ear End
(In Thousands)
Bonds and Notes Payable
Business Type
Activities 	Total
The City of Jacksonville’s debt increased by $67.6 million as compared to fiscal year 2008.
New indebtedness of the City of Jacksonville consists of:
Closing Date 	Par Amount 	Source 	Primary Use
September 2009 	$108,015,000 	Revenue Bonds 	BJP Capital Projects
September 2009 	$ 28,613,000 	Revenue Bonds 	Capital Projects/Refunding
September 2009 	$ 92,325,000 	Revenue Bonds 	Capital Projects/Refunding
During the fiscal year the City successfully addressed its declining sales tax revenue streams pledged to the
Better Jacksonville Plan capital program by passing legislation to provide alternative covenant to budget and
appropriate financing. By structuring the bonds to take advantage of excess general fund borrowing capacity
while utilizing sales tax cash flows to service the debt the City was able to accelerate construction of capital
projects with little burden on the general fund. 	The plan was received well by the rating agencies as
demonstrated by the removal of the negative watch previously assigned to the AA/Aa3/AA-rated sales tax
revenue pledge by two of the agencies.
The City continued to manage through market related challenges primarily related to liquidity providers by
successfully replacing a downgraded bank surety and extending the combined replacement surety agreement
through 2013.
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ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES
The State of Florida, by constitution, does not have a state personal income tax and therefore the State
operates primarily using sales, gasoline and corporate income taxes. Local governments (cities, counties and
school boards) primarily rely on property and a limited array of permitted other taxes (sales, gasoline, utilities
services, etc.) and fees (franchise, occupational license, etc.) for their governmental activities. There are a
limited number of state-shared revenues and recurring and non-recurring (one-time) grants from both the state
and federal governments.
Other Economic Factors:
• 	The unemployment rate for the City of Jacksonville is 10.8%. This compares to the state’s average
unemployment rate (11.1%) and the national average unemployment rate (9.8%). The Bureau of
Labor Statistics reported forty-three states had statistically significant unemployment rate increases
from 2008;
• 	Jacksonville has the largest Empowerment Zone in the nation;
• 	Jacksonville has a major port, home to the National Football League’s (NFL) Jacksonville Jaguars, is
the insurance and financial center of Florida, and is the site of key U.S. Navy bases.
Budget Highlights for fiscal 2009-2010:
• 	For fiscal year 2010, the City raised the millage rate for the first time in 17 years, from 8.4841 to the
rollback rate of 9.2727. The rollback rate is the millage rate that will generate the same amount of
property tax revenue in the current year as in the previous year from properties that were on the tax
roll in the previous year. For the owner of a home with an assessed value of $95,000 the increase in
property taxes would be approximately $75.00.
• 	A total of $61.9 million in expenses was eliminated from the projected General Fund budget during
the budget process. The savings include reductions in salary and benefit costs (including eliminated
positions), time extension of the City vehicle replacement schedule, and several reductions in
departmental and non-departmental operating costs from a variety of sources.
• 	The Jacksonville Journey is a major anti-crime initiative that was launched to focus on crime
prevention as well as boosting law enforcement efforts. Although The Jacksonville Journey began
operations in FY 2009, FY 2010 will be its full year of funding. A separate subfund for The
Jacksonville Journey will receive $8.1 million from the general fund for various prevention and
intervention programs. These include expanded early literacy programs, supervised after-school
guidance and recreational programs and expanded activities during the summer. Also included are
funds for juvenile crime prevention programs and programs that will help ex-offenders become
productive citizens. Jacksonville Journey funds have been allocated in the FY 2010 budget to hire
an additional 44 correctional officers and 19 civilian support positions, including 7 technicians and 5
crime scene investigators.
• 	The City will receive a significant contribution in grants from the American Recovery and
Reinvestment Act of 2009 (ARRA). For the non-police related programs of The Jacksonville
Journey, approximately $2.7 million in funding through ARRA will be received in FY2010. In
addition, the Sheriff’s Office grant of $9 million over a three year period is also funded through
ARRA. Subsequent to the original budget appropriation the City has received an addition ARRA
grant contributions of $5 million.
CONTACTING THE CITY’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a
general overview of the City’s finances and to demonstrate the City’s accountability for the money it
receives. If you have questions about this report or need additional financial information, contact the
Department of Finance, Accounting Division, 117 West Duval Street, Suite 375, Jacksonville, Florida 32202,
or call (904) 630-1250.
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CITYWIDE FINANCIAL
STATEMENTS
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CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF NET ASSETS -
SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
PRIMARY GOVERNMENT
TOTALS
GOVERNMENTAL BUSINESS-TYPE 	COMPONENT
ACTIVITIES 	ACTIVITIES 	2009 	2008 	UNITS
ASSETS:
Equity in cash and investments.................................................. 	$ 585,120 	$ 113,252 	$ 698,372 	$ 692,656 	1,357,288	$
Cash in escrow and with fiscal agents....................................... 	99,842 	- 	99,842 	112,026 	208
Securities lending....................................................................... 	56,609 	- 	56,609 	83,864 	-
Receivables, net......................................................................... 	89,674 	17,705 	107,379 	85,361 	342,568
Internal balances........................................................................ 	963 	(963) 	- 	- 	-
Due from independent agencies and other governments........... 	130,510 	103 	130,613 	153,768 	55,580
Inventories................................................................................. 	8,009 	11 	8,020 	6,457 	162,908
Prepaid expenses and other assets............................................. 	20,263 	132 	20,395 	19,714 	337,007
Deferred charge - landfill related costs...................................... 	- 	19,722 	19,722 	22,362 	-
Other deferred charges............................................................... 	- 	270 	270 	308 	427,517
CAPITAL ASSETS:
Land and work in progress......................................................... 	378,187 	45,089 	423,276 	373,183 	816,352
Other capital assets, net of depreciation.................................... 	2,102,485 	391,702 	2,494,187 	2,374,076 	7,202,627
TOTAL ASSETS........................................................................ 	3,471,662 	587,023 	4,058,685 	3,923,775 	10,702,055
LIABILITIES:
Accounts payable and accrued liabilities................................... 	96,424 	7,081 	103,505 	112,458 	221,320
Contracts payable....................................................................... 	6,959 	1 	6,960 	6,342 	-
Due to component units............................................................. 	33 	- 	33 	419 	-
Due to independent agencies and other governments................ 	16,067 	- 	16,067 	2,822 	11,401
Deposits..................................................................................... 	4,026 	3,962 	7,988 	5,494 	47,485
Accrued interest payable............................................................ 	35,508 	9,193 	44,701 	35,943 	106,984
Unearned revenue...................................................................... 	26,522 	12,438 	38,960 	36,730 	44,779
Securities lending......................................................................... 	58,646 	- 	58,646 	86,795 	-
Liabilities payable from restricted assets................................... 	- 	- 	- 	- 	21,230
Other current liabilities.............................................................. 	2,983 	- 	2,983 	2,921 	90,533
NONCURRENT LIABILITIES:
Due within one year................................................................... 	135,450 	16,145 	151,595 	122,542 	250,388
Due in more than one year......................................................... 	2,375,228 	392,947 	2,768,175 	2,682,361 	7,256,033
TOTAL LIABILITIES.............................................................. 	2,757,846 	441,767 	3,199,613 	3,094,827 	8,050,153
NET ASSETS:
Invested in capital assets, net of related debt............................. 	1,007,636 	126,221 	1,133,857 	1,114,617 	1,411,825
Restricted for:
Debt service............................................................................. 	- 	- 	- 	- 	29,350
State and Federal Grants.......................................................... 	52,938 	- 	52,938 	40,979 	-
Capital projects........................................................................ 	42,040 	- 	42,040 	39,336 	21,662
Permanent fund, non-expendable............................................ 	123 	- 	123 	123 	-
Other purposes......................................................................... 	4,271 	- 	4,271 	610 	562,098
Unrestricted................................................................................ 	(393,192) 	19,035 	(374,157) 	(366,717) 	626,967
TOTAL NET ASSETS .............................................................. 	$ 	713,816 	$ 145,256 	$ 859,072 	$ 828,948 	$ 2,651,902
See accompanying notes.
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CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF ACTIVITIES -
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
PROGRAM REVENUES 	PRIMARY GOVERNMENT
FINES AND
CHARGES 	OPERATING 	CAPITAL 	BUSINESS- 	TOTALS
FOR 	GRANTS AND 	GRANTS AND GOVERNMENTAL 	TYPE 	COMPONENT
FUNCTIONS/PROGRAMS 	EXPENSES 	SERVICES 	CONTRIBUTIONS CONTRIBUTIONS 	ACTIVITIES 	ACTIVITIES 	2009 	2008 	UNITS
PRIMARY GOVERNMENT:
Governmental activities:
General government..................... 	180,054	$ 	64,978	$ 	97,284	$ 	334	$ 	(17,458)	$ 	(17,458)	$ 	22,029	$
Human services............................ 	107,991 	1,210 	35,221 	566 	(70,994) 	(70,994) 	(88,486)
Public safety................................. 	527,227 	92,096 	14,079 	- 	(421,052) 	(421,052) 	(446,866)
Culture and recreation.................. 	71,091 	3,874 	1,036 	6,282 	(59,899) 	(59,899) 	(60,123)
Transportation.............................. 	217,296 	779 	513 	41,627 	(174,377) 	(174,377) 	(122,024)
Economic environment................ 	72,571 	1 	28,365 	1 	(44,204) 	(44,204) 	(26,139)
Physical environment................... 	97,114 	1,001 	3,531 	3,654 	(88,928) 	(88,928) 	(119,265)
Interest on long term debt............ 	94,289 	- 	- 	- 	(94,289) 	(94,289) 	(102,835)
Total governmental activities.......... 	1,367,633 	163,939 	180,029 	52,464 	(971,201) 	(971,201) 	(943,709)
Business-type activities:
Parking system............................. 	3,417 	3,783 	- 	- 	- 	366 	366 	290
Motor vehicle inspections............ 	433 	422 	- 	- 	- 	(11) 	(11) 	(25)
Solid Waste.................................. 	86,674 	42,752 	- 	- 	- 	(43,922) 	(43,922) 	(29,338)
Storm Water Services................... 	14,612 	29,134 	- 	- 	- 	14,522 	14,522 	7,451
Jacksonville Municipal Stadium.. 	20,361 	3,536 	- 	- 	- 	(16,825) 	(16,825) 	(7,744)
Veterans Memorial Arena............ 	12,355 	4,704 	- 	- 	- 	(7,651) 	(7,651) 	(2,535)
Baseball Stadium.......................... 	1,993 	340 	- 	- 	- 	(1,653) 	(1,653) 	(617)
Performing Arts............................ 	4,006 	1,750 	- 	- 	- 	(2,256) 	(2,256) 	(1,614)
Convention Center....................... 	4,342 	767 	- 	- 	- 	(3,575) 	(3,575) 	(2,645)
Equestrian Center......................... 	1,890 	302 	- 	- 	(1,588) 	(1,588) 	(858)
Total business-type activities.......... 	150,083 	87,490 	- 	- 	- 	(62,593) 	(62,593) 	(37,635)
Total primary government........... 	$ 1,517,716 	$ 251,429 	$ 180,029 	$ 52,464 	(971,201) 	(62,593) 	(1,033,794) 	(981,344)
COMPONENT UNITS:
Governmental activities............... 	$ 88,237 	$ 	1,148 	$ 11,523 	$ 4,210 	(71,356)	$
Business-type activities................ 	2,083,880 	1,959,112 	14,520 	71,545 	(38,703)
Total component units................ 	$ 2,172,117 	$ 1,960,260 	$ 26,043 	$ 75,755 	(110,059)	$
General revenues:
Property taxes..................................................................................................... 	474,381 	- 	474,381 	477,368 	-
Utility service taxes............................................................................................ 	118,453 	- 	118,453 	114,392 	-
Sales and tourist taxes........................................................................................ 	162,295 	10,875 	173,170 	192,340 	64,020
Intergovernmental - unrestricted........................................................................ 	166,923 	- 	166,923 	185,041 	55,735
Unrestricted earnings on investments................................................................ 	73,326 	8,237 	81,563 	17,779 	36,220
Miscellaneous..................................................................................................... 	29,028 	20,400 	49,428 	57,798 	47,408
Transfers..................................................................................................................... 	(30,199) 	30,199 	- 	- 	-
Total general revenues and transfers.......................................................................... 	994,207 	69,711 	1,063,918 	1,044,718 	203,383
Change in net assets................................................................................................... 	23,006 	7,118 	30,124 	63,374 	93,324
Net assets (deficit), beginning of year........................................................................ 	690,810 	138,138 	828,948 	765,574 	2,560,923
Adjustment to beginning Net assets........................................................................... 	- 	- 	- 	- 	(2,345)
Net assets (deficit), beginning of year, as restated..................................................... 	690,810 	138,138 	828,948 	765,574 	2,558,578
Net assets, end of year................................................................................................ 	$ 713,816 	145,256	$ 	$ 859,072 	$ 828,948 	$ 2,651,902
See accompanying notes.
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FUND FINANCIAL
STATEMENTS
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MAJOR GOVERNMENTAL FUNDS:
GENERAL FUND
The General Fund is the principal fund of the City and is used to account for all activities
not included in other funds. The General Fund accounts for the normal recurring activities
of the City (i.e, police, fire, public works, courts, general government, etc.). These activities
are funded principally by property taxes, intergovernmental revenues, and licenses and fees.
DEBT SERVICE FUNDS
The Special Bonded Debt Obligations Fund accounts for the accumulation of resources
for, and the payment of, principal and interest on the City’s special and limited bonded
obligations, which are payable solely from and secured by a lien upon and pledge of the
revenues under the respective bond ordinances.
The Special Bonded Debt - Better Jacksonville Plan Obligations Fund accounts for the
accumulation of resources for, and the payment of, principal and interest on the City's special
bonded obligations payable, which are related to the Better Jacksonville Plan.
CAPITAL PROJECTS FUNDS
The Better Jacksonville Plan Construction Projects Fund receives revenues from the two
local option sales tax programs and proceeds from the sale of bonded debt issued by the City
to fund projects under the Better Jacksonville Plan.
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CITY OF JACKSONVILLE, FLORIDA
BALANCE SHEET - GOVERNMENTAL FUNDS
SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
SPECIAL
BONDED DEBT-
BETTER
JACKSONVILLE 	SPECIAL
GENERAL 	PLAN 	BONDED DEBT-
FUND 	OBLIGATIONS 	OBLIGATIONS
ASSETS:
Equity in cash and investments................................................... 	$ 79,887 	$ 89,575 	$ 20,410
Cash in escrow and with fiscal agents......................................... 	377 	40,591 	55,557
Securities lending collateral........................................................ 	56,609 	- 	-
Receivables (net, where applicable, of
allowances for uncollectibles):
Accounts and interest.................................................. 	15,264 	- 	-
Mortgages.................................................................... 	35 	- 	-
Other............................................................................ 	14,458 	- 	-
Due from other funds.................................................................. 	4,716 	- 	-
Due from independent agencies and other governments............ 	55,780 	- 	-
Inventories................................................................................... 	6,259 	- 	-
Prepaid items............................................................................... 	- 	- 	-
TOTAL ASSETS....................................................................... 	$ 233,385 	$ 130,166 	$ 75,967
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable and accrued liabilities.................................... 	$ 43,041 	$ 43,056 	$ 55,747
Contracts payable........................................................................ 	- 	- 	-
Due to other funds....................................................................... 	33 	- 	-
Due to component units............................................................... 	33 	- 	-
Due to individuals....................................................................... 	- 	- 	-
Deposits....................................................................................... 	1,289 	- 	-
Unearned revenue........................................................................ 	20,162 	- 	-
Securities lending obligations..................................................... 	58,646 	- 	-
Advances from other funds......................................................... 	- 	- 	-
TOTAL LIABILITIES..................................................................... 	$ 123,204 	$ 43,056 	$ 55,747
FUND BALANCES:
Non Spendable:
Non Spendable................................................................. 	6,259 	- 	-
Spendable:
Restricted......................................................................... 	- 	87,371 	15,360
Committed........................................................................ 	62,846 	- 	-
Assigned........................................................................... 	3,114 	- 	4,860
Unassigned....................................................................... 	37,962 	(261) 	-
TOTAL FUND BALANCES........................................................... 	110,181 	87,110 	20,220
TOTAL LIABILITIES AND FUND BALANCES........................ 	$ 233,385 	$ 130,166 	$ 75,967
See accompanying notes.
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BETTER
JACKSONVILLE
PLAN 	NON MAJOR 	TOTALS
CONSTRUCTION 	GOVERNMENTAL 	2008
PROJECT 	FUNDS 	2009 	Adjusted for GASB 54
$ 378 	$ 273,108 	$ 463,358 	$ 485,305
- 	3,317 	99,842 	112,026
- 	- 	56,609 	83,864
- 	2,608 	17,872 	17,251
- 	38,617 	38,652 	26,872
- 	447 	14,905 	15,284
- 	24,000 	28,716 	1,913
27,134 	46,277 	129,191 	151,052
- 	- 	6,259 	4,300
- 	- 	- 	433
$ 27,512 	$ 388,374 	$ 855,404 	$ 898,300
$ 30,719 	$ 22,553 	$ 195,116 	$ 197,760
4,481 	2,478 	6,959 	6,338
24,000 	3,000 	27,033 	1,580
- 	- 	33 	33
- 	203 	203 	441
- 	2,735 	4,024 	3,687
- 	3,851 	24,013 	24,656
- 	- 	58,646 	86,795
- 	8,500 	8,500 	9,164
$ 59,200 	$ 43,320 	$ 324,527 	$ 330,454
- 	123 	6,382 	4,423
- 	94,978 	197,709 	155,333
- 	248,364 	311,210 	346,443
- 	3,904 	11,878 	26,827
(31,688) 	(2,315) 	3,698 	34,820
(31,688) 	345,054 	530,877 	567,846
$ 27,512 	$ 388,374 	$ 855,404 	$ 898,300
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City of Jacksonville, Florida
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Assets
September 30, 2009
(in thousands)
Total fund balances- governmental funds 	530,877	$
Amounts reported for governmental activities in the statement of net
assets are different because:
Capital assets used in governmental activities 	2,480,672
are not financial resources and therefore are not reported in the funds
Long term liabilities - liabilities are not due and payable in the current period and
are not reported in the funds:
Bonds and notes payable 	(2,172,895)
Unamortized bond discounts 	3,160
Unamortized bond premium 	(26,285)
Unamortized loss on advance refunding of debt 	4,065
Total bonds and notes payable 	(2,191,955)
Certain assets and liabilities reported in governmental activities are not
financial resources and therefore are not reported in the funds:
Compensated absences 	(61,739)
Reduction of accounts payable in debt service funds for debt principal and interest 	112,067
Unamortized bond issuance costs 	17,137
Estimated settlement for Shipyards project 	(2,500)
Estimated liability for self insured losses 	(88,265)
Other post employment benefits (OPEB) liability 	(14,839)
Accrued liability for pollution remediation 	(153,567)
Accrued liability to other governments - Home program 	(2,780)
Interest payable 	(35,508)
Amounts due to independent agencies or other governments 	(13,567)
Capitalized lease obligations 	(313)
Eliminate government advance from Internal Service Fund 	8,500
Internal service funds are used by management to charge the costs of certain activities,
such as fleet maintenance and insurance, to individual funds. The Capital Assets and
Long term liabilities are consolidated with the governmental funds on an entity-wide basis.
This figure represents the net of Current Assets and Current Liabilities of the Internal
Service Funds. 	129,596
Net assets of governmental activities 	713,816	$
See accompanying notes.
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CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCES -
GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
SPECIAL
BONDED DEBT-
BETTER
JACKSONVILLE 	SPECIAL
GENERAL 	PLAN 	BONDED DEBT-
FUND 	OBLIGATIONS 	OBLIGATIONS
REVENUE:
Property taxes.................................................................. 	$ 458,539 	$ 	- 	$ 	-
Utility Service taxes......................................................... 	118,453 	- 	-
Sales and tourist taxes...................................................... 	1,101 	- 	-
Licenses and permits........................................................ 	46,774 	- 	-
Intergovernmental............................................................ 	122,056 	25,702 	-
Charges for services......................................................... 	69,713 	- 	-
Fines and forfeitures........................................................ 	3,364 	- 	-
JEA contribution.............................................................. 	96,688 	- 	-
Interest............................................................................. 	21,918 	10,956 	4,789
Other................................................................................ 	20,541 	- 	-
Total Revenue....................................................................... 	959,147 	36,658 	4,789
EXPENDITURES:
Current:
General government................................................ 	135,264 	- 	-
Human services....................................................... 	69,886 	- 	-
Public safety............................................................ 	492,961 	- 	-
Culture and recreation............................................. 	56,895 	- 	-
Transportation......................................................... 	42,700 	- 	-
Economic environment........................................... 	13,771 	- 	-
Physical environment.............................................. 	15,990 	- 	-
Capital outlay................................................................... 	- 	- 	-
Debt service:
Principal.................................................................. 	- 	25,604 	53,110
Interest and fiscal charges....................................... 	- 	50,544 	38,391
Other ...................................................................... 	- 	1,136 	1,710
Total Expenditures................................................................ 	827,467 	77,284 	93,211
EXCESS OF REVENUE OVER
(UNDER) EXPENDITURES...................................... 	131,680 	(40,626) 	(88,422)
OTHER FINANCING SOURCES (USES):
Long term debt issued...................................................... 	5,292 	8,015 	6,074
Refunding bond issued.................................................... 	- 	- 	18,200
Premium on special obligation bonds payable................ 	- 	3,868 	4,036
Payment to escrow agent - refunded bonds..................... 	- 	- 	(18,622)
Transfers in...................................................................... 	6,113 	42,434 	93,471
Transfers out.................................................................... 	(131,062) 	(7,016) 	(12,733)
Total Other Financing Sources (Uses).................................. 	(119,657) 	47,301 	90,426
NET CHANGES IN FUND BALANCES.................... 	12,023 	6,675 	2,004
FUND BALANCES, BEGINNING OF YEAR:
Fund balance, beginning of year ............................ 	98,158 	80,435 	18,216
Prior year adjustments..................................... 	- 	- 	-
Restated beginning fund balance .......................... 	98,158 	80,435 	18,216
FUND BALANCES, END OF YEAR............................... 	$ 110,181 	$ 87,110 	$ 20,220
See accompanying notes.
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BETTER
JACKSONVILLE
PLAN 	NON MAJOR 	TOTALS
CONSTRUCTION 	GOVERNMENTAL
PROJECT 	FUNDS 	2009 	2008
$ 	- 	$ 15,842 	$ 474,381 	$ 477,368
- 	- 	118,453 	114,392
- 	161,194 	162,295 	179,645
- 	- 	46,774 	27,356
7,750 	107,808 	263,316 	286,492
148 	42,152 	112,013 	128,570
- 	1,788 	5,152 	5,841
- 	- 	96,688 	94,188
- 	24,930 	62,593 	15,346
6 	8,484 	29,031 	47,443
7,904 	$ 362,198 	$ 1,370,696 	1,376,641
- 	31,981 	167,245 	162,202
- 	37,423 	107,309 	100,858
- 	34,066 	527,027 	502,305
- 	7,181 	64,076 	59,096
- 	101,598 	144,298 	164,918
- 	52,942 	66,713 	72,433
- 	8,955 	24,945 	20,539
179,314 	94,204 	273,518 	216,770
- 	840 	79,554 	74,365
- 	404 	89,339 	102,423
- 	- 	2,846 	1,607
179,314 	369,594 	1,546,870 	1,477,516
(171,410) 	(7,396) 	(176,174) 	(100,875)
100,000 	47,477 	166,858 	584,893
- 	- 	18,200 	-
- 	- 	7,904 	3,587
- 	- 	(18,622) 	(410,460)
16,288 	38,608 	196,914 	219,862
- 	(81,238) 	(232,049) 	(245,238)
116,288 	4,847 	139,205 	152,644
(55,122) 	(2,549) 	(36,969) 	51,769
23,434 	347,603 	567,846 	623,973
- 	- 	- 	(107,896)
23,434 	347,603 	567,846 	516,077
($ 31,688) 	$ 345,054 	$ 530,877 	$ 567,846
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City of Jacksonville, Florida
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances of Governmental Funds to the Statement of Activities
For The Year Ended September 30, 2009
(in thousands)
Net change in fund balances- total governmental funds: 	(36,969)	$
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures. However, in the statement
of activities the cost of those assets is allocated over their estimated useful lives
and reported as depreciation expense. Also, certain capital assets are contributed
to the City upon completion, requiring recognition of income not reported in the funds.
Capital assets acquired by use of financial resources 	221,820
Capital assets contributed by developers 	39,412
Capital assets transferred from proprietary funds of the city 	590
Current year depreciation 	(93,543)
Loss on disposition of assets 	(389)
167,890
Governmental funds report certain bond transactions as resources or uses. However, in the
statement of activities these transactions are reported over the life of the debt as expenses.
Bond Issuance Costs 	1,941
Amortization of issuance costs 	(995)
Amortization of bond discounts 	(155)
Amortization of bond premium 	1,851
Additional bond premium with new debt issue 	(7,904)
Amortization - loss on refunding 	(679)
(5,941)
Repayment of bond principal is an expenditure in governmental funds, but the repayment
results in a reduction of long-term liabilities in the statement of net assets. Issuing debt
provides current financial resources to governmental funds, but issuing debt increases
long-term liabilities in the statement of net assets.
Long-term debt issued 	(185,058)
Debt retired with refunding issue 	18,622
Principal repayment 	79,554
(86,882)
Some revenues and expenses reported in the statement of activities did not require the use of
or provide current financial resources and therefore are not reported in governmental funds:
Accrued for self insured liabilities 	(1,265)
Increases in compensated absences payable 	(712)
Increase amounts due to independent agencies and other governments 	(13,567)
Miscellaneous payable 	1,507
Payable to other governments 	(300)
Other post employment benefits liability 	(6,346)
Pollution remediation accrual 	(14,237)
Net effect-elimination receivable/payable 	5,581
(122,162)
Internal service funds are used to charge the cost of certain activities to individual funds. The
net revenue (expense) and transfers are reported with governmental activities.
Interest revenue 	10,733
Other non-operating expenses 	(7,834)
Operating income 	7,002
Transfers in, net 	4,346
14,247
Change in Net Assets - Governmental Activities 	23,006	$
See accompanying notes.
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MAJOR ENTERPRISE FUNDS:
Enterprise Funds account for operations that are financed and operated in a manner similar
to private business enterprises and where the costs of providing goods or services to the
general public are recovered primarily through user charges; or where the city has decided
that determination of net income is appropriate for capital maintenance, public policy,
management control, accountability or other purposes. Individual major enterprise funds are
described below.
The Solid Waste Disposal Fund accounts for collection, recycling and disposal of
commercial and residential garbage services throughout the city, including the operation of
three municipally owned landfill sites, two of which are closed.
The Jacksonville Municipal Stadium Fund accounts for events held at the stadium
including National Football League and college football games, concerts and other activities.
The Veterans Memorial Arena Fund accounts for events held at the arena including
concerts, college basketball games, and other entertainment events such as the circus, ice
skating, gymnastics, professional wrestling and motor sports.
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CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF NET ASSETS - PROPRIETARY FUNDS
SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
SOLID 	JACKSONVILLE 	VETERANS 	TOTALS 	INTERNAL
WASTE 	MUNICIPAL 	MEMORIAL 	NON MAJOR 	SERVICE
DISPOSAL 	STADIUM 	ARENA 	ENTERPRISE 	2009 	2008 	FUNDS
ASSETS:
Equity in cash and investments................................ 	$ 49,420 	$ 385 	$ 1,704 	$ 20,967 	$ 72,476 	$ 74,454 	$ 121,762
Receivables (net, where applicable, of
allowances for uncollectibles):
Accounts.......................................................... 	5,308 	184 	1,800 	10,411 	17,703 	9,386 	60
Loans receivable.............................................. 	- 	- 	- 	- 	- 	- 	53,095
Other................................................................ 	- 	- 	- 	- 	- 	- 	1,607
Due from other funds............................................... 	- 	- 	33 	- 	33 	75 	-
Due from independent agencies
and other governments.......................................... 	103 	- 	- 	- 	103 	167 	1,319
Interest and dividend receivables............................. 	2 	- 	- 	- 	2 	2 	-
Inventories............................................................... 	- 	- 	- 	11 	11 	14 	1,750
Prepaid expenses and other assets........................... 	- 	- 	132 	- 	132 	272 	4,643
Total Current Assets........................................................ 	54,833 	569 	3,669 	$ 31,389 	$ 90,460 	84,370 	184,236
NONCURRENT ASSETS:
Advances to other funds.......................................... 	- 	- 	- 	- 	- 	- 	8,500
Sinking fund cash and investments.......................... 	21,441 	7,732 	5,550 	6,053 	40,776 	19,727 	-
Loans receivable...................................................... 	- 	- 	- 	- 	- 	- 	86,680
Other receivables..................................................... 	- 	- 	- 	- 	- 	- 	14,328
CAPITAL ASSETS:
Land and work in progress...................................... 	11,881 	23,339 	1,602 	8,267 	45,089 	34,859 	203
Other capital assets, net of depreciation.................. 	17,773 	172,572 	109,259 	92,098 	391,702 	401,989 	74,426
Deferred charge - Landfill related costs.................. 	19,722 	- 	- 	- 	19,722 	22,362 	-
Other deferred charges............................................. 	270 	- 	- 	- 	270 	308 	-
Total Noncurrent Assets.................................................. 	71,087 	203,643 	116,411 	106,418 	497,559 	479,245 	184,137
TOTAL ASSETS........................................................... 	125,920 	204,212 	120,080 	137,807 	588,019 	563,615 	368,373
ENTERPRISE FUNDS
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CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF NET ASSETS - PROPRIETARY FUNDS
SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
SOLID 	JACKSONVILLE 	VETERANS 	TOTALS 	INTERNAL
WASTE 	MUNICIPAL 	MEMORIAL 	NON MAJOR 	SERVICE
DISPOSAL 	STADIUM 	ARENA 	ENTERPRISE 	2009 	2008 	FUNDS
LIABILITIES:
Accounts payable and accrued liabilities................. 	$ 4,076 	$ 492 	$ 218 	$ 2,295 	$ 7,081 	$ 8,341 	$ 14,095
Contracts payable..................................................... 	1 	- 	- 	- 	1 	4 	-
Due to other funds................................................... 	- 	2 	1 	993 	996 	270 	720
Capitalized lease obligations................................... 	- 	- 	- 	- 	- 	- 	313
Deposits................................................................... 	220 	201 	2,965 	576 	3,962 	1,805 	2
Accrued interest payable.......................................... 	948 	4,161 	2,846 	1,238 	9,193 	1,939 	-
Current portion of bonds payable............................ 	3,695 	4,005 	2,927 	5,116 	15,743 	15,184 	-
Unearned revenue.................................................... 	3,875 	- 	75 	8,488 	12,438 	9,643 	2,509
Accrued compensated absences, current portion..... 	177 	- 	- 	225 	402 	208 	1,100
Current portion of notes payable............................. 	- 	- 	- 	- 	- 	- 	40,315
Current portion of loans payable............................. 	- 	- 	- 	- 	- 	- 	21,491
Total Current Liabilities.................................................. 	12,992 	8,861 	9,032 	$ 18,931 	49,816 	37,394 	80,545
NONCURRENT LIABILITIES:
Estimated liability for self-insured losses................ 	- 	- 	- 	- 	- 	- 	86,750
Liability for landfill closure and postclosure care... 	64,300 	- 	- 	- 	64,300 	46,943 	-
Accrued compensated absences............................... 	414 	- 	- 	525 	939 	485 	2,568
Notes payable........................................................... 	- 	- 	- 	- 	- 	- 	33,500
Loans payable......................................................... 	2,250 	- 	- 	- 	2,250 	- 	19,890
Bonds payable.......................................................... 	31,083 	148,975 	110,117 	34,811 	324,986 	340,499 	83,155
Other liabilities........................................................ 	207 	- 	- 	265 	472 	156 	853
Total Noncurrent Liabilities............................................ 	98,254 	148,975 	110,117 	35,601 	392,947 	388,083 	226,716
TOTAL LIABILITIES................................................. 	111,246 	157,836 	119,149 	54,532 	442,763 	425,477 	307,261
NET ASSETS:
Invested in capital assets, net of related debt........... 	24,103 	42,931 	(2,183) 	61,370 	126,221 	114,078 	53,480
Restricted for:
Other..................................................................... 	- 	- 	- 	- 	- 	- 	4,271
Unrestricted.............................................................. 	(9,429) 	3,445 	3,114 	21,905 	19,035 	24,060 	3,361
TOTAL NET ASSETS ................................................. 	$ 14,674 	$ 46,376 	$ 931 	$ 83,275 	$ 145,256 	$ 138,138 	$ 61,112
145,256
14,674 	46,376 	931 	83,275 	145,256 	138,138 	61,112
See accompanying notes.
ENTERPRISE FUNDS
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CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN FUND NET ASSETS
PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
SOLID 	JACKSONVILLE 	VETERANS 	TOTALS 	INTERNAL
WASTE 	MUNICIPAL 	MEMORIAL 	NON MAJOR 	SERVICE
DISPOSAL 	STADIUM 	ARENA 	ENTERPRISE 	2009 	2008 	FUNDS
OPERATING REVENUE:
Sales and tourist taxes........................................... 	$ 	- 	$ 6,509 	$ 	- 	$ 4,366 	$ 10,875 	$ 12,695 	$ 	-
Charges for services.............................................. 	42,752 	3,536 	4,704 	36,498 	87,490 	65,629 	210,924
Charges for services for independent authorities.. 	- 	- 	- 	- 	- 	- 	9,369
Other..................................................................... 	- 	- 	- 	- 	- 	- 	2,420
Total Operating Revenue............................................... 	42,752 	10,045 	4,704 	40,864 	98,365 	78,324 	222,713
OPERATING EXPENSES:
Personal services................................................... 	5,682 	1,993 	1,682 	13,977 	23,334 	14,684 	33,294
Supplies and materials.......................................... 	203 	64 	39 	451 	757 	510 	22,638
Central services..................................................... 	4,215 	122 	108 	2,873 	7,318 	4,622 	8,571
Interdepartmental charges..................................... 	126 	889 	415 	1,192 	2,622 	2,566 	-
Other services and charges................................... 	69,688 	8,090 	5,033 	9,030 	91,841 	75,947 	20,442
Depreciation and amortization.............................. 	2,194 	5,476 	2,446 	3,163 	13,279 	2,869 	22,944
Court reporter services.......................................... 	- 	- 	- 	- 	- 	- 	35
Claims and losses.................................................. 	- 	- 	- 	- 	- 	- 	19,916
Insurance premiums and participant dividends.... 	- 	- 	- 	- 	- 	- 	87,872
Total Operating Expenses.............................................. 	82,108 	16,634 	9,723 	30,686 	139,151 	101,198 	215,712
OPERATING (LOSS) INCOME............................... 	(39,356) 	(6,589) 	(5,019) 	10,178 	(40,786) 	(22,874) 	7,001
NON-OPERATING REVENUE (EXPENSES):
Interest revenue..................................................... 	6,649 	80 	- 	1,508 	8,237 	2,516 	10,733
Interest expense..................................................... 	(1,896) 	(3,727) 	(2,632) 	(7) 	(8,262) 	(2,066) 	-
Other..................................................................... 	(2,670) 	9,351 	5,165 	5,884 	17,730 	8,822 	(7,834)
Total Non-Operating Revenue (Expenses).................... 	2,083 	5,704 	2,533 	7,385 	17,705 	9,272 	2,899
(LOSS) INCOME BEFORE TRANSFERS.............. 	(37,273) 	(885) 	(2,486) 	17,563 	(23,081) 	(13,602) 	9,900
CAPITAL CONTRIBUTIONS AND TRANSFERS:
Capital Contributions............................................ 	- 	- 	- 	- 	- 	97,925 	-
Transfers in........................................................... 	21,200 	16,280 	5,550 	10,708 	53,738 	156,383 	4,346
Transfers out......................................................... 	(590) 	(12,213) 	(607) 	(10,129) 	(23,539) 	(22,002) 	-
Net Transfers 	20,610 	4,067 	4,943 	579 	30,199 	232,306 	4,346
CHANGES IN NET ASSETS..................................... 	(16,663) 	3,182 	2,457 	18,142 	7,118 	218,704 	14,246
NET ASSETS (DEFICIT),
BEGINNING OF YEAR.............................. 	31,337 	43,194 	(1,526) 	65,133 	138,138 	(80,566) 	46,866
NET ASSETS,
END OF YEAR............................................. 	$ 14,674 	$ 46,376 	$ 931 	$ 83,275 	$ 145,256 	$ 138,138 	$ 61,112
ENTERPRISE FUNDS
See accompanying notes.
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CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
SOLID 	JACKSONVILLE 	VETERANS
WASTE 	MUNICIPAL 	MEMORIAL
DISPOSAL 	STADIUM 	ARENA
CASH FLOWS FROM OPERATING ACTIVITIES:
Receipts from customers....................................................................................................... 	$ 40,572 	$ 10,796 	$ 3,366
Payments to suppliers........................................................................................................... 	(75,501) 	(5,706) 	(2,917)
Payments to employees ........................................................................................................ 	(5,538) 	(1,993) 	(1,682)
Internal activity-cash receipts from other funds................................................................... 	2,250 	51 	2,052
Internal activity-cash payments to other funds..................................................................... 	- 	(46) 	(28)
Other cash receipts ............................................................................................................... 	17,430 	9,351 	5,213
Other operating cash payments............................................................................................. 	(546) 	(945) 	(415)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES........................... 	(21,333) 	11,508 	5,589
NONCAPITAL FINANCING ACTIVITIES:
Interest payment on non-capital borrowing............................................................................ 	- 	- 	-
Cash received through transfers from other funds.................................................................. 	21,200 	16,280 	5,550
Cash payments through transfers to other funds..................................................................... 	(590) 	(12,213) 	(606)
NET CASH PROVIDED BY NONCAPITAL FINANCING
ACTIVITIES................................................................................................................... 	20,610 	4,067 	4,944
CAPITAL AND RELATED FINANCING ACTIVITIES:
Increase to property, plant and equipment.............................................................................. 	(10,074) 	(8) 	1
Decrease in landfill costs and other charges.......................................................................... 	2,678 	- 	-
Increase in construction fund cash and investments............................................................... 	(1,714) 	(7,732) 	(5,550)
Proceeds from loans receivable.............................................................................................. 	- 	- 	-
Proceeds on long-term obligations.......................................................................................... 	- 	- 	-
Principal paid on long-term obligations.................................................................................. 	(3,410) 	(3,901) 	(2,887)
Decrease in capitalized lease obligations................................................................................ 	- 	- 	-
Proceeds from loans payable................................................................................................. 	- 	- 	-
Payments on loans payable..................................................................................................... 	- 	- 	-
Proceeds on notes payable...................................................................................................... 	- 	- 	-
Proceeds on bonds payable..................................................................................................... 	- 	- 	-
Interest and payments to refunded bond escrow agent........................................................... 	(1,896) 	(3,727) 	(2,632)
NET CASH PROVIDED BY (USED IN) CAPITAL AND RELATED
FINANCING ACTIVITIES............................................................................................ 	(14,416) 	(15,368) 	(11,068)
INVESTING ACTIVITIES:
Interest and dividends on investments.................................................................................... 	6,649 	80 	-
NET CASH PROVIDED BY INVESTING ACTIVITIES................................................ 	6,649 	80 	-
NET INCREASE IN CASH AND INVESTMENTS................................................................. 	(8,490) 	287 	(535)
Equity in cash and investments at October 1, 2008............................................................... 	57,910 	98 	2,239
Equity in cash and investments at September 30, 2009.......................................................... 	$ 49,420 	$ 385 	$ 1,704
ENTERPRISE FUNDS
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TOTALS 	INTERNAL
NON MAJOR 	SERVICE
ENTERPRISE 	2009 	2008 	FUNDS
$ 36,064 	$ 90,798 	$ 82,485 	$ 218,955
(9,797) 	(93,921) 	(80,234) 	(140,187)
(13,157) 	(22,370) 	(14,550) 	(32,714)
790 	5,143 	210 	570
- 	(74) 	(7) 	-
5,928 	37,922 	18,786 	4,318
(1,198) 	(3,104) 	(7,282) 	(28,171)
18,630 	14,394 	(592) 	22,771
- 	- 	(953) 	-
10,708 	53,738 	43,951 	4,346
(10,129) 	(23,538) 	(22,002) 	-
579 	30,200 	20,996 	4,346
(3,141) 	(13,222) 	(2,510) 	(25,312)
- 	2,678 	4,975 	-
(6,053) 	(21,049) 	(5,011) 	-
- 	- 	- 	(13,474)
- 	- 	18 	-
(4,756) 	(14,954) 	(7,379) 	-
- 	- 	- 	(296)
- 	- 	23,195
- 	- 	- 	(16,611)
- 	- 	- 	(25,700)
- 	- 	- 	28,940
- 	(8,255) 	(2,066) 	-
(13,950) 	(54,802) 	(11,973) 	(29,258)
1,501 	8,230 	2,516 	10,733
1,501 	8,230 	2,516 	10,733
6,760 	(1,978) 	10,947 	8,592
14,207 	74,454 	63,507 	113,170
$ 20,967 	$ 72,476 	$ 74,454 	$ 121,762
See accompanying notes.
ENTERPRISE FUNDS
(continued)
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CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands; continued)
SOLID 	JACKSONVILLE 	VETERANS
WASTE 	MUNICIPAL 	MEMORIAL
DISPOSAL 	STADIUM 	ARENA
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH
PROVIDED BY (USED IN) OPERATING ACTIVITIES:
OPERATING ACTIVITIES:
OPERATING INCOME (LOSS).......................................................................................... 	($ 41,606) 	($ 6,589) 	($ 5,019)
Adjustments to reconcile operating income (loss)
to net cash provided by (used in) operating activities:
Depreciation and amortization.......................................................................................... 	2,194 	5,476 	2,446
Interest payment on non-capital borrowing...................................................................... 	- 	- 	-
Other non-operating revenue/(expenses).......................................................................... 	(420) 	9,351 	5,164
(Increase) decrease in assets:
Receivables and other current assets, net............................................................................ 	(1,684) 	555 	(1,372)
Due from other funds.......................................................................................................... 	- 	51 	(19)
Advances to other funds...................................................................................................... 	- 	- 	-
Due from independent agencies and other governments..................................................... 	(103) 	167 	-
Interest and dividend receivables........................................................................................ 	- 	- 	-
Inventories.......................................................................................................................... 	- 	- 	-
Other receivables................................................................................................................. 	- 	- 	-
Loan receivables................................................................................................................. 	- 	- 	-
Prepaid expenses and other assets....................................................................................... 	- 	29 	71
Increase (decrease) in liabilities:
Accounts payable and accrued expenses............................................................................. 	(1,307) 	(1,233) 	(356)
Contracts payable................................................................................................................ 	(3) 	- 	-
Due to other funds............................................................................................................... 	- 	(46) 	(9)
Deposits............................................................................................................................... 	73 	(56) 	2,101
Accrued interest payable..................................................................................................... 	(85) 	3,803 	2,618
Current portion of bonds payable........................................................................................ 	- 	- 	-
Unearned revenue............................................................................................................... 	1,857 	- 	(36)
Loans payable ..................................................................................................................... 	2,250 	- 	-
Other liabilites..................................................................................................................... 	102 	- 	-
Interest payable.................................................................................................................... 	- 	- 	-
Liability for landfill closure and postclosure care............................................................... 	17,357 	- 	-
Liability for self-insured losses........................................................................................... 	- 	- 	-
Accrued compensated absences.......................................................................................... 	42 	- 	-
TOTAL ADJUSTMENTS................................................................................................ 	20,273 	18,097 	10,608
NET CASH PROVIDED BY (USED IN)
OPERATING ACTIVITIES...................................................................................... 	($ 21,333) 	$ 11,508 	$ 5,589
NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES:
Change in the fair value of investments...................................................................................... 	$ 2,864 	$ 44 	($ 34)
Capital assets transferred from governmental activities to
proprietary funds of the city.................................................................................................... 	- 	- 	-
Capital assets transferred from proprietary funds to
governmental activities of the city............................................................................................... 	590 	- 	-
Debts transferred from governmental activities to proprietary
funds of the city...................................................................................................................... 	- 	- 	-
Capital assets transferred to JPA................................................................................................. 	- 	- 	-
Transfer of long term pollution remediation liability to governmental activities....................... 	- 	- 	-
ENTERPRISE FUNDS
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TOTALS 	INTERNAL
NON MAJOR 	SERVICE
ENTERPRISE 	2009 	2008 	FUNDS
$ 10,178 	($ 43,036) 	($ 22,874) 	$ 7,001
3,163 	13,279 	2,869 	22,944
- 	- 	953 	-
5,884 	19,979 	12,742 	(7,834)
(5,814) 	(8,315) 	(5,491) 	5
10 	42 	209 	12
- 	- 	- 	664
- 	64 	7 	1,230
- 	- 	(2) 	-
3 	3 	(8) 	393
- 	- 	- 	565
- 	- 	- 	(5,915)
40 	140 	8 	(308)
1,608 x 	(1,288) 	777 	(1,021)
28 x 	25 	4 	-
780 x 	725 	203 	570
38 x 	2,156 	650 	-
- 	6,336 	(826) 	-
- 	- 	270 	-
974 x 	2,795 	9,643 	78
- 	2,250 	- 	-
214 x 	316 	156 	420
918 x 	918 	-
- 	17,357 	343 	-
- 	- 	(203) 	3,807
606 x 	648 	(22) 	160
8,452 	57,430 	22,282 	15,770
$ 18,630 	$ 14,394 	($ 592) 	$ 22,771
$ 605 	$ 3,479 	($ 595) 	$ 	5,033
- 	- 	404,899 	-
- 	590 	- 	-
- 	- 	(306,974) 	-
- 	- 	(3,920) 	-
- 	- 	112,432 	-
See accompanying notes.
(continued)
ENTERPRISE FUNDS
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FIDUCIARY FUND LEVEL STATEMENTS
PENSION TRUST FUNDS are funds administered by independent boards for which the
City performs a fiduciary role under a defined benefit program. The participant's retirement
annuity is based on a statutory formula using such factors as age, average salary, length of
service and others.
PRIVATE PURPOSE TRUST FUND is used to report all trust arrangements, other than
those properly reported in pension trust funds, under which principal and income benefit
individuals. The City reports its James Brady Disabled Scholarship, Michael Jackson Music
Scholarship, J.B. Smith Memorial Scholarship, and Lex Hester Memorial Scholarship funds
as private purpose trusts.
AGENCY FUNDS are funds which hold monies in an agency capacity for various
government units, individuals or funds.
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CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF FIDUCIARY NET ASSETS
FIDUCIARY FUNDS
SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
PRIVATE
PENSION 	PURPOSE
TRUST 	TRUST 	AGENCY
FUNDS 	FUND 	FUNDS
2009 	2008 	2009 	2008 	2009 	2008
ASSETS
CURRENT ASSETS:
Equity in cash and investments...................................... 	$ 49,197 	$ 38,814 	$ 229 	$ 221 	$ 64,238 	$ 60,419
Receivables (net, where applicable, of
allowances for uncollectibles):
Interest and dividends............................................ 	6,682 	6,637 	- 	- 	- 	-
Accounts................................................................ 	189 	2,073 	- 	- 	3,137 	2,620
Total receivables................................................ 	6,871 	8,710 	- 	- 	3,137 	2,620
Investments, at fair value:
U.S. Government obligations..................................... 	81,855 	135,108 	- 	- 	- 	-
Federal Agencies............................................................ 	117,271 	-
Domestic corporate bonds.......................................... 	442,147 	654,079 	- 	- 	- 	-
Short-term investments.................................................. 	37,319 	-
Domestic stocks.......................................................... 	972,251 	1,114,727 	- 	- 	- 	-
International stocks..................................................... 	374,912 	238,960 	- 	- 	- 	-
Real Estate.................................................................. 	171,227 	276,578 	- 	- 	- 	-
Other fixed income......................................................... 	60,509
Alternative investments.................................................. 	43,556
Total investments................................................... 	2,301,047 	2,419,452 	- 	- 	- 	-
Total Current Assets............................................................ 	2,357,115 	2,466,976 	229 	221 	67,375 	63,039
CAPITAL ASSETS
Other capital assets, net of depreciation......................... 	49 	44 	- 	- 	- 	-
Total Capital Assets, net...................................................... 	49 	44 	- 	- 	- 	-
Securities Lending Collateral................................................ 	103,599 	137,967 	- 	- 	- 	-
TOTAL ASSETS............................................................... 	2,460,763 	2,604,987 	229 	221 	67,375 	63,039
LIABILITIES
CURRENT LIABILITIES:
Obligations under securities lending agreement............ 	105,108 	140,791 	- 	- 	- 	-
Accounts payable and accrued liabilities....................... 	7,677 	7,839 	- 	4 	227 	211
Due to independent agencies and other governments.... 	- 	- 	- 	- 	28,235 	14,806
Due to individuals.......................................................... 	- 	- 	- 	- 	4,627 	6,620
Current portion accrued compensated absences.............. 	26 	- 	- 	- 	- 	-
Deposits held in escrow.................................................. 	- 	- 	- 	- 	34,286 	41,402
Total Current Liabilities...................................................... 	112,811 	148,630 	- 	4 	67,375 	63,039
NONCURRENT LIABILITIES:
Accrued compensated absences..................................... 	62 	83 	- 	- 	- 	-
Due to participants......................................................... 	175,854 	160,450 	- 	- 	- 	-
Total Noncurrent Liabilities................................................ 	175,916 	160,533 	- 	- 	- 	-
TOTAL LIABILITIES...................................................... 	288,727 	309,163 	- 	4 	67,375	$ 	63,039	$
NET ASSETS HELD IN TRUST FOR PENSION
BENEFITS AND OTHER PURPOSES........................... 	$ 2,172,036 	$ 2,295,824 	$ 229 	$ 217
See accompanying notes.
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CITY OF JACKSONVILLE, FLORIDA
STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS
FIDUCIARY FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
PENSION 	PRIVATE
TRUST 	PURPOSE
FUNDS 	TRUST
2009 	2008 	2009 	2008
ADDITIONS
Contributions:
Employer................................................................................. 	84,927	$ 	82,501	$ 	$ 	- 	$ 	-
Plan members.......................................................................... 	37,188 	36,521 	- 	-
Total contributions............................................................. 	122,115 	119,022 	- 	-
Other additions:
State insurance contributions.................................................. 	8,901 	9,427 	- 	-
Court fines & penalties........................................................... 	1,456 	1,758 	- 	-
Contributions from other governmental units......................... 	4,286 	- 	- 	-
Miscellaneous.......................................................................... 	186 	80 	- 	-
Transfers in............................................................................. 	- 	24 	- 	8
Total other additions.......................................................... 	14,829 	11,289 	- 	8
Investment income:
Net (depreciation) appreciation
in fair value of investments................................................ 	(77,655) 	(496,729) 	- 	-
Interest..................................................................................... 	42,257 	48,377 	17 	6
Dividends................................................................................ 	19,690 	33,420 	- 	-
Rebate of commissions........................................................... 	169 	212 	- 	-
Rental income......................................................................... 	1,874 	2,070 	- 	-
Other miscellaneous................................................................ 	8 	- 	- 	-
Total investment income (loss) ......................................... 	(13,657) 	(412,650) 	17 	6
Less investment expense.................................................... 	(10,442) 	(12,374) 	- 	-
Less rental expense............................................................ 	(205) 	(195) 	- 	-
Net investment income (loss)............................................. 	(24,304) 	(425,219) 	17 	6
From Securities Lending Activities:
Securities lending.................................................................... 	2,601 	7,375 	- 	-
Securities lending expenses
Interest expense (returned to borrower)............................. 	(316) 	(7,601) 	- 	-
Agent fees........................................................................... 	(24) 	(650) 	- 	-
Total securities lending activities ...................................... 	2,261 	(876) 	- 	-
TOTAL ADDITIONS, NET....................................................... 	114,901 	(295,784) 	17 	14
DEDUCTIONS
Benefits payments......................................................................... 	195,807 	187,176 	- 	-
DROP Benefits............................................................................. 	31,908 	25,485 	- 	-
Refunds of contributions............................................................... 	8,074 	6,055 	- 	-
Administrative expenses............................................................... 	2,900 	5,066 	- 	-
Operating expenses....................................................................... 	- 	- 	5 	13
TOTAL DEDUCTIONS............................................................. 	238,689 	223,782 	5 	13
CHANGE IN NET ASSETS...................................................... 	(123,788) 	(519,566) 	12 	1
NET ASSETS, BEGINNING OF YEAR.................................. 	2,295,824 	2,815,390 	217 	216
NET ASSETS, END OF YEAR................................................. 	$ 2,172,036 	$ 2,295,824 	$ 229 	$ 217
See accompanying notes.
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COMPONENT UNITS
Component Units are legally separate organizations for which the primary government is
financially accountable. Financial accountability is defined as the appointment of a voting majority
of the component unit's governing body with certain exceptions, and either (a) the ability to impose
will by the primary government; or (b) the potential for the organization to provide financial benefits
to, or impose financial burdens on the primary government. 	The City's major component units
follow:
MAJOR COMPONENT UNITS:
The JEA manages and operates an electric utility system and a water and sewer utility
system in the Consolidated City of Jacksonville/Duval County area.
The Jacksonville Transportation Authority is responsible for construction, improvement,
and maintenance of the Jacksonville Expressway System and operation of the City’s mass
transit systems, including bus and automated skyway express throughout Duval County.
The Jacksonville Aviation Authority manages and operates the City’s aviation/airport
facilities.
The Jacksonville Port Authority manages and operates the City’s marine port facilities.
COMPONENT UNITS THAT DO NOT ISSUE A SEPARATE REPORT:
The Jacksonville Housing Finance Authority provides money for loans and technical
assistance for construction and rehabilitation of housing to alleviate a shortage of housing
and capital for investment in housing in Jacksonville.
The Jacksonville Economic Development Commission provides a focal point for
economic development in the City that results in a centralization of economic development
programs.
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CITY OF JACKSONVILLE, FLORIDA
COMBINING STATEMENT OF NET ASSETS -
COMPONENT UNITS (in thousands)
SEPTEMBER 30, 2009
JACKSONVILLE 	JACKSONVILLE JACKSONVILLE
TRANSPORTATION 	AVIATION 	PORT
JEA 	AUTHORITY 	AUTHORITY 	AUTHORITY
ASSETS
Cash and cash equivalents.............................................. 	$ 758,934 	$ 83,587 	$ 49,954 	$ 44,895
Cash in escrow with fiscal agent.................................... 	- 	- 	- 	-
Investments.................................................................... 	319,397 	26,581 	39,632 	-
Due from primary government....................................... 	- 	- 	- 	-
Due from other governmental agencies......................... 	- 	55,574 	-
Accounts and interest receivable.................................... 	239,313 	708 	4,864 	3,341
Mortgages receivable..................................................... 	- 	- 	- 	-
Other receivables............................................................ 	- 	- 	12,936 	26,916
Inventories...................................................................... 	157,473 	3,082 	799 	1,554
Other assets.................................................................... 	312,294 	345 	2,172 	17,761
Custodial Assets - Construction projects....................... 	- 	427,517 	- 	-
Capital assets:
Land and construction in progress............................. 	437,842 	50,896 	83,853 	239,838
Buildings and improvements..................................... 	- 	73,052 	736,268 	497,067
Vehicles...................................................................... 	- 	39,607 	- 	-
Equipment.................................................................. 	- 	1,037 	- 	92,107
Utility plant in service................................................ 	9,564,569 	- 	- 	-
Other capital assets.................................................... 	- 	13,557 	2,420 	-
Less: accumulated depreciation................................. 	(3,324,088) 	- 	(268,835) 	(227,874)
Total capital assets, net of depreciation................ 	6,678,323 	178,149 	553,706 	601,138
Total assets................................................................. 	8,465,734 	775,543 	664,063 	695,605
LIABILITIES
Accounts payable and accrued expenses........................ 	184,656 	5,736 	7,791 	18,190
Deposits.......................................................................... 	44,297 	- 	- 	2,802
Unearned revenue........................................................... 	- 	- 	- 	6,307
Due to other governmental agencies.............................. 	- 	848 	- 	10,553
Interest payable.............................................................. 	102,655 	- 	4,329 	-
Other current liabilities................................................... 	90,000 	- 	- 	533
Liabilities payable with restricted assets........................ 	- 	21,230 	- 	-
Long-term liabilities:
Due within one year:
Estimated liability for injury and
damage claims.................................................... 	- 	1,854 	- 	-
Bonds, notes payable, capital leases
and contracts...................................................... 	224,402 	- 	13,286 	10,542
Compensated absences.......................................... 	- 	301 	- 	-
Due in more than one year:
Estimated liability for injury and
damage claims.................................................... 	- 	973 	- 	-
Bonds, capital leases and
commercial paper............................................... 	6,131,894 	- 	206,092 	195,575
Compensated absences.......................................... 	- 	1,368 	- 	-
Custodial projects - due to other governments...... 	- 	447,943 	- 	-
OPEB liability....................................................... 	- 	- 	693 	-
Other noncurrent liabilities................................... 	121,548 	- 	- 	149,665
Total liabilities........................................................... 	6,899,452 	480,253 	232,191 	394,167
NET ASSETS
Invested in capital assets, net of related debt................. 	605,128 	178,149 	359,245 	261,640
Restricted for:
Capital projects.......................................................... 	- 	- 	3,731 	17,931
Debt service............................................................... 	- 	- 	21,037 	8,313
Other purposes........................................................... 	550,129 	9,638 	2,331
Unrestricted.................................................................... 	411,025 	117,141 	38,221 	11,223
Total Net Assets......................................................... 	$ 1,566,282 	$ 295,290 	$ 431,872 	$ 301,438
See accompanying notes.
MAJOR COMPONENT UNITS
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JACKSONVILLE
JACKSONVILLE 	ECONOMIC 	NON MAJOR
HOUSING 	DEVELOPMENT 	COMPONENT
FINANCE AUTHORITY 	COMMISSION 	UNITS 	TOTAL
6,968	$ 	25,893	$ 	$ 1,447 	$ 971,678
188 	20 	- 	208
- 	- 	- 	385,610
- 	64 	- 	64
6 	- 	- 	55,580
- 	902 	784 	249,912
12,482 	5,700 	- 	18,182
- 	32,772 	1,786 	74,410
- 	- 	- 	162,908
4,218 	- 	217 	337,007
- 	- 	- 	427,517
- 	- 	3,923 	816,352
- 	- 	- 	1,306,387
- 	- 	- 	39,607
33 	107 	169 	93,453
- 	- 	3,974 	9,568,543
- 	- 	- 	15,977
(32) 	(99) 	(412) 	(3,821,340)
1 	8 	7,654 	8,018,979
23,863 	65,359 	$ 11,888 	10,702,055
4,256 	559 	132 	221,320
- 	386 	- 	47,485
- 	38,472 	- 	44,779
- 	- 	- 	11,401
- 	- 	- 	106,984
- 	- 	- 	90,533
- 	- 	- 	21,230
- 	- 	- 	1,854
- 	- 	- 	248,230
- 	3 	- 	304
- 	- 	- 	973
- 	- 	- 	6,533,561
- 	251 	- 	1,619
- 	- 	- 	447,943
1 	30 	- 	724
- 	- 	- 	271,213
4,257 	39,701 	132 	8,050,153
1 	8 	7,654 	1,411,825
- 	- 	- 	21,662
- 	- 	- 	29,350
- 	- 	- 	562,098
19,605 	25,650 	4,102 	626,967
$ 19,606 	$ 25,658 	$ 11,756 	$ 2,651,902
(continued)
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CITY OF JACKSONVILLE, FLORIDA
COMBINING STATEMENT OF ACTIVITIES -
COMPONENT UNITS (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
PROGRAM REVENUES
JACKSONVILLE
FINES AND 	OPERATING 	CAPITAL 	JACKSONVILLE 	HOUSING
CHARGES 	GRANTS AND 	GRANTS AND 	TRANSPORTATION 	FINANCE
FUNCTIONS/PROGRAMS 	EXPENSES 	FOR SERVICES CONTRIBUTIONS CONTRIBUTIONS 	AUTHORITY 	AUTHORITY
Governmental activities:
Jacksonville Transportation Authority 	$ 72,699 	$ 	- 	$ 	- 	$ 	- 	($ 72,699) 	-
Jacksonville Housing Finance Authority 	670 	- 	- 	- 	- 	(670)
Jacksonville Economic Development Commission 	12,568 	1 	10,659 	606 	- 	-
Non Major Component Units 	2,300 	1,147 	864 	3,604 	- 	-
Total governmental activities....................................... 	88,237 	1,148 	11,523 	4,210 	(72,699) 	(670)
Business-type activities:
JEA 	1,827,479 	1,831,380 	- 	39,587 	- 	-
Jacksonville Transportation Authority 	97,929 	20,479 	11,773 	10,818 	- 	-
Jacksonville Aviation Authority 	91,150 	59,909 	31 	16,132 	- 	-
Jacksonville Port Authority 	67,322 	47,344 	2,716 	5,008 	- 	-
Total business-type activities....................................... 	2,083,880 	1,959,112 	14,520 	71,545 	- 	-
Total component units............................................... 	$ 2,172,117 	$ 1,960,260 	$ 26,043 	$ 75,755 	$ (72,699) 	$ (670)
General revenues:
Sales and tourist taxes...................................................................................... 	64,020 	-
Intergovernmental - unrestricted...................................................................... 	- 	-
Payments from other governments................................................................... 	- 	8
Unrestricted earnings on investments.............................................................. 	1,381 	569
Miscellaneous................................................................................................... 	117 	2,145
Transfer ........................................................................................................... 	4,869 	-
Total general revenues, special items and transfers......................................... 	70,387 	2,722
Change in net assets......................................................................................... 	(2,312) 	$ 2,052
Net assets, beginning of year:
Net assets, beginning of year.............................................. 	112,646 	17,554
Changes to beginning net assets................................... 	- 	-
Restated beginning net assets ............................................ 	112,646 	17,554
Net assets, end of year........................................................................................ 	$ 110,334 	$ 19,606
GOVERNMENTAL ACTIVITIES
See accompanying notes
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Cont.
TOTAL
JACKSONVILLE 	GOVERNMENTAL
ECONOMIC 	NON MAJOR 	JACKSONVILLE 	JACKSONVILLE JACKSONVILLE 	AND
DEVELOPMENT 	COMPONENT 	TRANSPORTATION 	AVIATION 	PORT 	BUSINESS-TYPE
COMMISSION 	UNITS 	OT 	JEA 	AUTHORITY 	AUTHORITY 	AUTHORITY 	ACTIVITIES
- 	- 	- 	- 	- 	- 	($ 72,699)
- 	- 	- 	- 	- 	- 	(670)
(1,302) 	- 	- 	- 	- 	- 	(1,302)
- 	3,315 	- 	- 	- 	- 	3,315
(1,302) 	3,315 	(71356)
- 	- 	43,488 	- 	- 	43,488
- 	- 	- 	(54,859) 	- 	- 	(54,859)
- 	- 	- 	- 	(15,078) 	- 	(15,078)
- 	- 	- 	- 	- 	(12,254) 	(12,254)
- 	- 	43,488 	(54,859) 	(15,078) 	(12,254) 	(38703)
$ (1,302) 	$ 3,315 	$ 43,488 	$ (54,859) 	$ (15,078) 	$ (12,254) 	$ (110,059)
- 	- 	- 	- 	- 	- 	64,020
- 	- 	- 	55,482 	55,482
- 	- 	- 	- 	245 	- 	253
2,859 	132 	27,551 	97 	3,312 	319 	36,220
1,119 	33 	12,708 	- 	11,506 	19,780 	47,408
- 	- 	- 	(4,869) 	- 	- 	-
3,978 	165 	40,259 	50,710 	15,063 	20,099 	203,383
$ 2,676 	3,480 	83,747 	(4,149) 	(15) 	7,845 	$ 93,324
22,982 	8,276 	1,482,535 	189,105 	431,887 	295,938 	2,560,923
- 	- 	- 	- 	(2,345) 	(2,345)
22,982 	8,276 	1,482,535 	189,105 	431,887 	293,593 	2,558,578
$ 25,658 	$ 11,756 	$ 1,566,282 	$ 184,956 	$ 431,872 	$ 301,438 	$ 2,651,902
BUSINESS-TYPE ACTIVITIES	GOVERNMENTAL ACTIVITIES
See accompanying notes
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES............................... 58 - 73
A. 	Basis of Presentation..............................................................................................58
B. 	Financial Reporting Entity............................................................................. 58 - 63
C. 	Basic Financial Statements ............................................................................ 63 - 64
D. 	Fund Structure................................................................................................ 64 - 66
E. 	Basis of Accounting...............................................................................................67
F. 	Cash, Cash Equivalents and Investments ........................................................….68
G. 	Receivables ............................................................................................................68
H. 	Inventories .............................................................................................................68
I. 	Capital Assets ........................................................................................................69
J. 	Contributions .........................................................................................................69
K. 	Interfund Activity .......................................................................................... 69 - 70
L. 	Restricted Assets....................................................................................................70
M. 	Compensated Absences .........................................................................................70
N. 	Risk Financing .......................................................................................................70
O. 	Pension Costs .........................................................................................................71
P. 	Landfill Closure and Postclosure Care Costs .......................................................71
Q. 	Long-Term Obligations ................................................................................. 71 - 72
R. 	Categories and Classification of Fund Balance .....................................................72
S. 	Bond Discounts, Premiums and Issuance Costs ....................................................72
T. 	Deferred Loss on Debt Refundings........................................................................73
U. 	Use of Estimates ....................................................................................................73
V. 	Reclassification......................................................................................................73
W. 	Summarized Comparative Information..................................................................73
X. 	Prepaids..................................................................................................................73
2. 	BUDGETARY DATA.....................................................................................................73
3. 	CASH, INVESTMENTS AND SECURITIES LENDING ..................................... 74 - 84
A. 	Equity in Cash and Investments.............................................................................74
B. 	Cash on Deposit .....................................................................................................75
C. 	Investments and Investment Practices ........................................................... 75 - 83
D. 	Securities Lending .................................................................................................84
4. 	ACCOUNTS AND MORTGAGES RECEIVABLE .......................................................85
5. 	PROPERTY TAXES ............................................................................................... 85 - 86
A. 	Ad Valorem Property Taxes ..................................................................................85
B. 	The Property Tax Calendar....................................................................................86
6. 	CAPITAL ASSET ACTIVITY................................................................................ 87 - 88
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
7. 	INTERFUND RECEIVABLES, PAYABLES, ADVANCES
AND TRANSFERS ............................................................................................89 – 94
8. 	LONG-TERM OBLIGATIONS ............................................................................ 95 - 112
A. 	Long-Term Obligations ................................................................................ 95 - 97
B. 	Debt Service Requirement to Maturity..................................................................98
C. 	Changes in Long-Term Liabilities.........................................................................99
D. 	Pledged Revenues ...................................................................................... 100 - 101
E. 	New Indebtedness and Refundings Issued by the City.............................. 101 - 102
F. 	Demand Bonds........................................................................................... 102 - 103
G. 	Non-asset Debt.....................................................................................................104
H. 	Defeased Debt......................................................................................................105
I. 	Lease Obligations ................................................................................................106
J. 	Conduit Debt.............................................................................................. 106 - 107
K. 	Interest Rate Swaps with Better Jacksonville Plan.................................... 108 - 109
L. 	Interest Expense...................................................................................................110
M. 	JEA – Long-Term Debt ............................................................................. 110 - 111
N. 	JAA - Long-Term Indebtness ..............................................................................111
O. 	JPA - Long-Term Debt, Capital Leases and Other
Noncurrent Liabilities ......................................................................................112
P. 	JTA - Long-Term Debt ........................................................................................112
9. 	PENSION PLANS ............................................................................................... 113 - 121
A. 	Summary of Significant Accounting Policies......................................................113
B. 	City of Jacksonville Retirement System.................................................... 114 - 118
C. 	Police and Fire Pension Plan ..................................................................... 118 - 120
D. 	Florida Retirement System ..................................................................................121
10. 	POST EMPLOYMENT BENEFITS OTHER THAN PENSION (OPEB) ......... 122 - 123
11. 	DEFERRED COMPENSATION PROGRAM AND 401A PLAN ...............................124
12. 	RISK FINANCING ............................................................................................. 124 - 126
13. 	OTHER REQUIRED INDIVIDUAL FUND AND COMPLIANCE
DISCLOSURES................................................................................................... 127 - 130
A. 	Compliance with Finance Related Legal and Contractual Provisions.................127
B. 	Fund Deficits and Excess of Expenditures Over Appropriations ........................127
C. 	Landfill Closure and Postclosure Care Costs ............................................ 128 - 130
14. 	LESSOR OPERATING LEASE.......................................................................... 131 - 132
A. 	Jacksonville Jaguars, Inc............................................................................ 131 - 132
B. 	Shands Jacksonville .............................................................................................132
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
15. 	LITIGATION, CONTINGENCIES, AND COMMITMENTS ........................... 132 - 138
A. 	Litigation..............................................................................................................132
B. 	Grants and Contracts.................................................................................. 132 - 133
C. 	Self-Insurance ......................................................................................................133
D. 	Pollution Remediation ............................................................................... 133 - 135
E. 	Shipyards .............................................................................................................135
F. 	Other Litigation....................................................................................................136
G. 	Construction Commitments .................................................................................137
H. 	Encumbrance Commitments ................................................................................138
16. 	SUBSEQUENT EVENTS ................................................................................... 138 - 139
17. 	MAJOR 	DISCRETELY 	PRESENTED 	COMPONENT 	UNITS 	- 	ADDITIONAL
DISCLOSURE
A. 	JEA/City of Jacksonville ...........................................................................140 – 141
B. 	JPA.......................................................................................................................141
18. 	NET ASSETS ......................................................................................................141 – 142
19. 	FUND BALANCE DISCLOSURE ..................................................................... 142 - 149
A. 	Fund Balance Classification ...................................................................... 144 - 149
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies of the City of Jacksonville, Florida (the City) conform to accounting
principles generally accepted in the United States (GAAP) as applicable to governments. The
following is a summary of the more significant policies. Notes 1C. through 20 are note disclosures of
the primary government with significant disclosures for major component units incorporated within.
Additional significant component unit disclosures are presented in Note 17.
A. Basis of Presentation:
The accompanying financial statements of the City have been prepared in conformity with
GAAP as prescribed by the Governmental Accounting Standards Board (GASB), the Financial
Accounting Standards Board (FASB), and the American Institute of Certified Public
Accountants (AICPA). Under the auspices of GASB Statement No. 20, the City does not apply
FASB pronouncements issued after November 30, 1989, for proprietary activities, unless the
GASB amends its pronouncements to specifically adopt FASB pronouncements issued after that
date. GASB is the accepted standard-setting body for establishing governmental accounting and
financial reporting principles for units of local government.
B. Financial Reporting Entity:
The City is a consolidated city/county political entity created by Chapter 67-1320 of the Laws of
Florida. When consolidation occurred on October 1, 1968, all existing municipalities, authorities
and public agencies within Duval County, except for the Duval County School Board, were
merged into a single new corporate and political entity also known as the City of Jacksonville.
At the same time, however, the cities of Jacksonville Beach, Atlantic Beach, Neptune Beach and
the Town of Baldwin elected to retain local autonomy for certain municipal purposes and were
reconstituted as separate and distinct urban service districts. The consolidated city government,
which is comprised of an elected City Council (19 members) and mayor, provides, under the
administration of the appointed Chief Administrative Officer, services to approximately 901,000
residents living in an 840.1 square mile area.
To conform to the traditional county organization of government in the State of Florida, the City
retained the offices of the Sheriff, Property Appraiser, Tax Collector, Supervisor of Elections,
and Clerk of the Circuit Court, which are also elected by the citizenry. These officers are
considered to be not only county officers, but also officers of the consolidated government as
well, and therefore are considered as part of the primary government. The three beach cities and
the Town of Baldwin continue to function as separate municipal governments.
This report includes all funds, departments, agencies, boards and commissions, and other
organizational units that are administered by the mayor and/or controlled by or dependent upon
the City Council as set forth in the City Charter. The City, a primary government, has also
considered for inclusion all potential component units for which it may be financially
accountable and other organizations for which the nature and significance of their relationship
with the City are such that exclusion would cause the City's financial statements to be
misleading or incomplete. In GASB Statement No. 14, The Financial Reporting Entity, the
GASB has set forth criteria to be considered in determining financial accountability.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
B. Financial Reporting Entity: (continued)
These criteria include appointing a voting majority of an organization's governing body and (1)
the ability of the City to impose its will on that organization; or (2) the potential for the
organization to provide specific financial benefits to or impose specific financial burdens on the
City.
As required by GAAP, these financial statements present the City of Jacksonville (the primary
government) and its component units. The City has identified and included within the financial
reporting entity, as its component units, legally separate organizations for which the City is
financially accountable or for which a significant relationship with the City exists such that
exclusion would cause the City's financial statement to be misleading or incomplete.
The Jacksonville Public Library Board has been classified as a dependent special district by the
State of Florida Department of Community Affairs. Per GASB Statement No. 14, the Library
Board is not considered a component unit as it is not a legally separate organization. Therefore,
its activity is included as part of the primary government.
Blended Component Unit. There is one component unit, which is legally separate from the
City, but is so intertwined with the City that it is, in substance, the same as the City. It is reported
as part of the City and blended into the appropriate funds.
The Jacksonville Police and Fire Pension Board of Trustees, created under Article 22 of
the City Charter, provides retirement services and benefits to eligible employees of the
Office of the Sheriff and the Department of Fire and Rescue. The City appoints two of the
five-member board; one member is a police officer; one member is a firefighter; and the
remaining member is appointed by the other four members. As sponsor, the City has the
ability to modify the plan and to approve the defined benefit contribution to the Police and
Fire Pension Board of Trustees in the City's annual budget. The Police and Fire Pension
Board of Trustees issues separate financial statements on the fund, which may be obtained
from its administrative office at One West Adams Street, Suite 100, Jacksonville, Florida
32202-3616. These transactions are blended in the Fiduciary Funds.
Discrete Component Units. These component units are entities which are legally separate from
the City, but are financially accountable to the City, or whose relationships with the City are
such that exclusion would cause the City's financial statements to be misleading or incomplete.
The component units are reported separately to emphasize that they are legally separate from the
primary government and are governed by separate boards. The footnotes include financial data
of these entities. Each component unit listed below has a September 30 fiscal year end.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
B. Financial Reporting Entity: (continued)
Major Component Units
JEA (formerly known as the Jacksonville Electric Authority) was created by Chapter 67-
1569 of the Laws of Florida to own, manage, and operate an electric utility system and a
water and sewer utility system in the City and any or all counties adjacent thereto. The
governing body of the JEA consists of seven members appointed by the mayor and
confirmed by the City Council. The City has the ability to impose its will on the JEA
manifested principally through formal budgetary approval. The JEA engages only in
business-type activities and issues separate financial statements, which may be obtained
from its administrative office in the JEA Plaza at 21 West Church Street, Jacksonville,
Florida 32202.
The Jacksonville Port Authority (JPA) was created by Resolution 2000-1104-A, and was
initially called the Jacksonville Seaport Authority. This resolution abolished what was the
former Jacksonville Port Authority and created new Seaport and Airport Authorities.
However, during fiscal year 2003, the Seaport Authority changed its name back to
Jacksonville Port Authority. The governing body of the JPA consists of seven members,
four of whom are appointed by the mayor and confirmed by the City Council, and three of
whom are appointed by the Governor. The City can impose its will on the JPA through
modification and approval of its budgets, which ensures strong accountability to the local
constituent citizenry. The JPA engages only in business-type activities and issues separate
financial statements. 	Requests for information may be addressed to the Chief Financial
Officer, Jacksonville Port Authority, P.O. Box 3005, Jacksonville, FL 32206-0005.
The Jacksonville Aviation Authority (JAA) was created by Resolution 2000-1104-A,
which abolished what was the former Jacksonville Port Authority (JPA). The former JPA
was created in 1963 by Chapter 63-1447 of the Laws of Florida, to own and operate marine
and aviation facilities in the Consolidated City/County Government of Jacksonville/Duval
County. These state laws were repealed and separate seaport and airport authorities were
established. The governing body of the JAA consists of seven members, four of whom are
appointed by the Governor, and three of whom are appointed by the mayor and confirmed by
the City Council. The JAA is fiscally dependent upon the City because the City Council
approves and modifies the JAA budget. The JAA engages only in business-type activities
and issues separate financial statements. Requests for information may be addressed to the
JAA Administrative Office at P.O. Box 18018, Jacksonville, Florida 32229-0018.
The Jacksonville Transportation Authority (JTA) is a public body politic and corporate
agency of the State of Florida under Chapter 349 of the Florida Statutes. The governing body
of the JTA consists of seven members, three of whom are appointed by the governor of
Florida, three of whom are appointed by the mayor and confirmed by the City Council, and
the seventh member is the district engineer of the Florida Department of Transportation.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
B. Financial Reporting Entity: (continued)
The JTA is empowered to construct, improve, operate and lease the Jacksonville Expressway
System. The JTA is, however, fiscally dependent upon the City under Section 14 of the City
Charter through approval of its budgets which ensures strong accountability to the local
constituent citizenry. The JTA engages in both governmental and business-type activities
and issues separate financial statements, which may be obtained from its administrative
office at 100 North Myrtle Avenue, Jacksonville, Florida 32203.
Component Units that do not issue a separate report
The Jacksonville Housing Finance Authority (JHFA), formerly known as the Duval
County Housing Finance Authority ( DCHFA), was created by City Ordinance 2003-1058,
to alleviate a shortage of housing and capital investment for the people of Duval County,
pursuant to Florida Statutes, Section 159.604. The mayor appoints three of the five board
members. The City has the ability to impose its will on the JHFA. The JHFA operates in
conjunction with the Jacksonville Housing Commission, also created by Ordinance 2003-
1058, and has the rights and duties necessary under Florida Statutes, Chapter 159, Part IV,
to preserve outstanding debt, issue new debt and to shield the City from financial liability.
The bonds issued and outstanding are included in Note 8J. Conduit Debt. 	The JHFA
engages only in governmental activities. There are no separately issued financial statements
for the JHFA, whose financial activity is accounted for by the City. The JHFA financial
statements are presented in the financial section of the City report.
The Jacksonville Economic Development Commission (JEDC), created July 1, 1997,
under Chapter 92-341, Laws of Florida, provides a focal point for economic development in
the City that results in a centralization of economic development programs under the
auspices of one agency, thus ensuring a more efficient and practical means of addressing the
goals, objectives and strategies for future economic development in the City. The JEDC
operates with all the powers and authority of a community redevelopment agency under Part
III, Chapter 163, Florida Statutes and as an industrial development authority under Part III,
Chapter 159, Florida Statutes. The mayor appoints the board members and the chairman,
who are confirmed by the City Council, and the City has the ability to impose its will. The
JEDC engages only in governmental activities. 	There are no separately issued financial
statements for the JEDC, whose financial activity is accounted for by the City. The JEDC
financial statements are presented in the financial section of the City report.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
B. Financial Reporting Entity: (continued)
Non-major Component Units
Downtown Vision, Inc. (DVI) was established as a not-for-profit corporation under the
Laws of Florida in 1997. 	DVI was created to provide community enhancements in the
downtown area, with associated costs assessed to the properties benefited. The assessment is
levied and collected by the City in accordance with the Enhanced Municipal Services
Agreement, and was approved by City Ordinance 1999-1175-E. Therefore, DVI is fiscally
dependent on the City. The DVI is governed by a 15-member Board of Directors, of which
two are City representatives. The enhanced services are provided to property owners within
several of the City's Downtown Community Redevelopment areas, including some properties
owned by the City. 	DVI engages only in governmental activities and issues separate
financial statements, which may be obtained from its main office at 214 North Hogan Street,
Suite 120, Jacksonville, Florida 32202.
The Jacksonville Health Facilities Authority (JHFA), created under Chapter 490 of the
City Ordinance Code pursuant to Chapter 154 Part III, Laws of Florida, provides appropriate
additional means to assist in the development, improvement and maintenance of the public
health. The JHFA provides a method for the financing and refinancing, on a tax-exempt
basis, of projects on behalf of private corporations and organized not-for-profits that are
authorized by law to provide hospital or nursing home services, thus providing facilities at
favorable interest costs with a resultant decrease in health care costs for the users of health
facilities within the City. All five members are appointed by the City Council, and the City is
able to impose its will on the JHFA.
The bonds issued by the JHFA are special limited obligations of the JHFA and the principal
and interest are payable from rental payments. The principal and interest on the bonds shall
never constitute an indebtedness of the City of Jacksonville, Duval County, the State of
Florida or any municipality or political subdivision thereof. Accordingly, the bonds issued
and outstanding are included in Note 8J Conduit Debt. During the fiscal year presented,
JHFA had no financial transactions or assets and liabilities to report. Therefore, there are no
separately issued financial statements for JHFA.
The Water and Sewer Expansion Authority (WSEA) was created by City Ordinance 2003-
586-E to allow property owners an opportunity to finance water and/or sewer infrastructure
in their existing developed neighborhoods on a voluntary basis. The governing body of the
WSEA consists of seven members appointed by the mayor and confirmed by the City
Council. The City has the ability to impose its will on the WSEA principally through the
mayor’s ability to remove board members with two-thirds approval vote from the City
Council, and the City Councils authority to review and approve the WSEA annual budget.
WSEA issues separate financial statements, which may be obtained from its administrative
office 21 West Church Street, T - 16 Jacksonville, Florida 32202.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
B. Financial Reporting Entity: (continued)
Related Organizations
The Jacksonville Housing Authority (JHA) is governed by a seven member board, whose
members are appointed by the mayor and confirmed by City Council. However, the City
does not have the ability to impose its will on JHA. The City cannot remove appointed
members of the JHA Board at will. JHA managers are appointed by the JHA Board of
Directors. The Board approves the operating budget and amendments to the budget. The City
does not exercise influence in JHA management or operations. It does not approve JHA
budgets, and does not provide or collect major revenues of the JHA. Accordingly, the
financial activities of the JHA are not included in the City's financial statements.
The Duval County Research and Development Authority (Authority) is governed by a
five member Board whose members are appointed by the City Council. However, the City
does not have the ability to impose its will on the Authority. The City does not exercise
influence in the management or operations of the Authority and is not financially
accountable for the actions of the Authority. Accordingly, the financial activities of the
Authority are not included in the City's financial statements.
Jointly Governed Organization
The Jacksonville Metropolitan Planning Organization (MPO) was previously reported by the
City as a blended component unit. An Interlocal Agreement was entered into on February
27, 2004, by and between the Florida Department of Transportation, the Counties of Clay,
Duval, and St. Johns, the cities of Jacksonville, Atlantic Beach, Jacksonville Beach, Neptune
Beach and St. Augustine, the Jacksonville Aviation Authority, the Jacksonville Port
Authority, the Jacksonville Transportation Authority and the St. Augustine/St. Johns County
Airport Authority to redesignate as the First Coast Metropolitan Planning Organization
(FCMPO). Pursuant to Section 339.175(3), Florida Statutes, by letter to Mayor John Peyton,
the governor agreed to the apportionment plan of newly proposed members. 	The City
Council no longer serves as the MPO Board. The mayor, three Jacksonville City Council
Members and various other leaders of the involved agencies, make up the 16 member board,
with three members being non-voting.
The City does not have an ongoing financial interest or responsibility to the FCMPO.
However, since the board includes members from each of the governments that created it, the
FCMPO is considered a jointly governed organization of the City.
C. Basic Financial Statements:
The basic financial statements include both citywide and fund level statements. The City, as the
primary government, is reported separately from its component units. The citywide statements
report on all of the activities of the City and its component units except those that are fiduciary
in nature.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
C. Basic Financial Statements: (continued)
Statements for fiduciary activities, such as employee pension plans, are presented in a separate
section of this report. Both the citywide and fund level statements classify primary activities of
the City as either governmental activities, which are primarily supported by taxes and
intergovernmental revenues, or business type activities, which are primarily supported by user
fees and charges.
The citywide statement of net assets reports all assets and liabilities of the City, including both
long-term assets and long-term debt and other obligations. The statement of activities reports the
degree to which direct expenses of City functions are offset by program revenues, which include
program specific grants and charges for services provided by a specific function. 	Direct
expenses are those that are clearly identifiable with a specific function or program. The net cost
of these programs is funded from general revenues such as taxes, intergovernmental revenue and
interest earnings.
The fund level statements report on governmental, proprietary and fiduciary fund activities.
Major individual governmental funds and major individual enterprise funds are reported as
separate columns in the fund level financial statements.
Since the fund level statements for governmental activities are presented using a different
measurement focus and basis of accounting than the citywide statements governmental column
(as discussed under Basis of Accounting in this summary of significant accounting policies), a
reconciliation is presented on the page following each fund level statement which briefly
explains the adjustments necessary to convert the fund level statements into the citywide
governmental column presentations.
As a general rule, the effect of interfund activity has been eliminated from the citywide financial
statements.
D. Fund Structure:
The City's accounts are maintained in accordance with the principles of fund accounting to
ensure compliance with limitations and restrictions placed on the use of resources available to it.
Under fund accounting, individual funds are established for the purpose of carrying on activities
or attaining objectives in accordance with specific regulations, restrictions or limitations. Each
individual fund is a self-balancing set of accounts recording assets and other financing resources,
together with liabilities and residual equities or balances and changes therein. For financial
statement presentation, funds with similar characteristics, including those component units
referenced above, are grouped into generic classifications as required by GAAP. A brief
description of these classifications follows:
Governmental Funds. These funds report transactions related to resources received and used
for those services traditionally provided by city/county government. The following are major
governmental funds used by the City:
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Fund Structure: (continued)
General Fund - The General Fund is the general operating fund of the City. It is used to
account for all financial resources except those required to be accounted for in another fund.
Debt Service Funds:
The Special Bonded Debt – Better Jacksonville Plan Obligations Fund accounts for the
accumulation of resources for, and the payment of, principal and interest on the City’s special
bonded obligations payable, which are related to the Better Jacksonville Plan.
The Special Bonded Debt Obligations Fund accounts for the accumulation of resources for, and
the payment of, principal and interest on the City’s special and limited bonded obligations,
which are payable solely from and secured by a lien upon and pledge of the revenues under the
respective bond ordinances.
Capital Project Funds:
The Better Jacksonville Plan Construction Projects Fund receives revenues from the two local
option sales tax programs and proceeds from the sale of bonded debt issued by the City to fund
projects under the Better Jacksonville Plan.
Other Non-major Governmental Funds:
This is the aggregate of all of the non-major governmental funds. Individual fund statements for
these funds are included in the Combining and Individual Fund Statements and Schedules
Section. Proceeds from the Banking fund are also recorded within these funds.
Proprietary Funds. These funds report transactions related to activities similar to those found in
the private sector. Major proprietary funds include:
Solid Waste Disposal Fund - This fund accounts for the collection, recycling, and disposal of
commercial and residential garbage services throughout the city, including operation of three
municipally owned landfill sites, two of which are closed.
The Jacksonville Municipal Stadium Fund accounts for events held at the stadium including
National Football League and college football games, concerts and other activities.
The Veterans Memorial Arena Fund accounts for events held at the arena including concerts,
college basketball games, and other entertainment events such as the circus, ice skating,
gymnastics, professional wrestling and motor sports.
Other Non-major Enterprise - This is the aggregate of all of the non-major enterprise funds.
Individual fund statements for these funds are included in the Combining Individual Fund
Statements and Schedules Section.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Fund Structure: (continued)
Proprietary funds distinguish operating revenues and expenses from non-operating revenues and
expenses. 	Operating revenues and expenses generally result from providing services and
producing and delivering goods in connection with the funds' principal ongoing operation. The
principal operating revenues for the City's enterprise funds are charges to customers for sales and
services. 	Operating expenses include direct expenses of providing the goods or services,
administrative expenses, and depreciation on capital assets. 	All revenues and expenses not
meeting this definition are reported as non-operating revenues and expenses.
In addition, the City reports the following fund types:
Internal Service Funds - These funds account for services provided primarily to various
departments of the City and to other governmental agencies. 	Since these funds principally
service 	City 	departments, 	internal 	service 	fund 	statements 	are 	consolidated 	into 	the
governmental activities column in the citywide presentations. 	These activities are fleet
management, copy center, data processing, legal, various risk management activities and internal
banking fund. 	Services provided to other governmental agencies are not considered to be
material.
Private-purpose Trust Funds - These funds account for resources legally held in trust for the
benefit of individuals pursuing higher education in music and urban studies. 	Earnings on
invested resources may be used to support these activities but no expenditure may be made from
the principal of these funds.
Pension Trust Funds - These funds account for the activities of the Jacksonville Retirement
System and the Police and Fire Pension funds, which accumulate resources for pension benefit
payments for qualified employees.
Permanent Fund - This fund is used to account for activities of the City relative to cemetery
maintenance at specified locations. All resources of the fund, including earnings on invested
resources, may be used to support these activities. There is no requirement that any portion of
these resources be preserved as capital.
Agency Funds - These custodial funds account for monies held as an agent for other
governmental units or individuals. 	The City utilizes several agency funds including the
Treasurer Fund to clear cash received and disbursed, Tax Collector Fund accounts for the
collection of all taxes, revenues and other cash, Clerk of the Circuit Court Fund accounts for
revenues collected by the court system, Plat Deposits Fund accounts for collateral to insure the
completion of public improvements, Duval County School Readiness Coalition Fund accounts
for similar collections, Florida Retirement System Fund accounts for a multiple-employer, cost-
sharing defined benefit plan for certain City employees who elected to remain with the State of
Florida Retirement System.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
E. Basis of Accounting:
The accounting and financial reporting treatment applied to a fund is determined by its
measurement focus. 	The citywide financial statements are reported using the economic
resources measurement focus and the accrual basis of accounting, as are the proprietary and
fiduciary pension trust fund financial statements. Under this method, revenues are recorded
when earned and expenses are recorded when a liability is incurred, regardless of the timing of
the related cash flows. Property taxes are recognized as revenue in the year in which they are
levied. Grants and similar items are recognized as revenue when all eligibility requirements
imposed by the provider are met.
Governmental fund financial statements are reported using a current financial resources
measurement focus and the modified accrual basis of accounting. With this measurement focus
only current assets and current liabilities generally are included on the balance sheet. Operating
statements of these funds present increases (i.e. revenues and other financing sources) and
decreases (i.e. expenditures and other financing uses) in net current assets.
Under the modified accrual basis of accounting, revenues are recognized when susceptible to
accrual (i.e. when they become both measurable and available). "Measurable" means the amount
of the transaction can be determined and "available" means collectible within the current period
or soon enough thereafter to be used to pay liabilities of the current period. Major revenues that
are determined to be susceptible to accrual include property taxes, taxpayer-assessed tax
revenues including sales and utilities services taxes, state shared revenue, intergovernmental
revenue, charges for services and investment income. Generally, the City considers a 60-day
availability period for revenue recognition. Federal grants collected on a reimbursement basis
are recognized as revenue when reimbursable expenditures are made, and the City considers
amounts received within one year as available.
Property taxes billed but uncollected as of the end of the fiscal year are reflected in the
accompanying financial statements as due from individuals offsetting a liability due to other
governments in the Tax Collector Agency Fund. These amounts are not considered to be
available by the City to finance current operations. Accordingly, property taxes are recognized
as revenue in the fiscal year in which they are collected and remitted to the City's General Fund
by the Tax Collector Agency Fund. (See Note 5.)
Expenditures are recorded when the related fund liability is incurred, except for items that are
not planned to be liquidated with expendable available resources. Exceptions to the general
modified accrual expenditure recognition criteria include principal and interest on general long-
term indebtedness and capital lease obligations, which are recognized when paid, and payments
for compensated absences and claims and judgments which are recognized when due.
Agency funds are accounted for using the full accrual basis of accounting. Agency funds are
custodial in nature (i.e. assets equal liabilities) and do not measure the results of operations.
The City's policy is to use restricted resources first, then unrestricted resources, when both are
available for use to fund an activity.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
F. 	Cash, Cash Equivalents, and Investments:
Cash, cash equivalents and investments and related accrued investment earnings are reported in
the financial statements as "Equity in cash and investments" under the City’s "pooling" concept.
(See Note 3.) All monies, which are not legally restricted to separate administration, are pooled
together for investment purposes while each individual fund and/or account is maintained on a
daily transaction basis by the city Treasurer. Investment earnings are distributed in accordance
with the participating funds' relative percentage of investments. All Fund Types deposit monies
into the Equity in Cash and Investments Pool of the City. The Proprietary Fund Types use this
pool as a demand deposit account, and accordingly all amounts in the pool are considered cash
and equivalents for purposes of the Statement of Cash Flows. Investments are stated at fair value
based on quoted market prices. Short term investments are reported at cost which approximates
fair value. 	Securities, traded on national or international exchanges, are valued at the last
reported sales price at current exchange rates. The fair value of real estate investments are based
on independent appraisals or estimates of fair value as provided by third party fund managers.
Investments that do not have an established market are reported at estimated fair value as
provided by third party fund managers. Increases and decreases in the fair value of investments
are reported as investment income. The City of Jacksonville’s swap policy allows for the use of
interest rate swaps and other financial instruments to manage the City’s financial exposure. This
policy went into effect on October 1, 2003 and was revised on March 1, 2004. The City utilizes
interest rate swaps to manage the interest rate risk associated with various assets. 	The City
continuously works toward developing the optimal capital structure, including the amounts and
types of variable rate exposure, in view of the City’s risk tolerance to market fluctuations, capital
market outlook, future capital funding needs, rating agency considerations, counterparty credit
profiles, and competition. Interest rate swaps are one instrument used in achieving an optimal
capital structure.
G. Receivables:
Receivables are stated net of estimated allowances for uncollectible amounts, which are
determined, based on past collection experience and current economic conditions, except for
mortgages receivables which are reported within restricted fund balance because it is externally
constrained for specific purposes. Types of receivables include amounts that are principally due
from the State of Florida for state-shared revenues. Receivables in other funds have arisen in the
ordinary course of business.
H. Inventories:
Inventories of materials and supplies are determined by both physical counts and through
perpetual inventory systems stated at cost, which approximates market, using the average
weighted costing method. Reported inventories in governmental funds are included within
nonspendable fund balance because it is not in spendable form. In proprietary fund types,
inventories are expended when consumed.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
I. 	Capital Assets:
All purchased capital assets are recorded at cost where historical records are available and at
estimated cost where no historical records exist. Donated capital assets are valued at their
estimated fair market value on the date received. Generally, capital assets costing $1,000 or more
and having a useful life of more than one year are capitalized. Infrastructure is capitalized based
on the accumulated amounts charged to specific capital projects on an annual basis. The costs of
normal maintenance and repairs that do not add to the value of the asset or materially extend
asset lives are not capitalized. Capital assets are reported in the applicable governmental or
business-type column in the citywide financial statements, and in the Proprietary Fund Level
Statements.
Depreciation on all capital assets is calculated using the straight line method over the following
useful lives:
Infrastructure - Other 	12 - 50 years
Infrastructure - Bridges 	100 years
Buildings and improvements 	12 - 45 years
Furniture, equipment and library books 	3 - 10 years
Software development 	10 years
The City capitalizes collections, such as artwork and library books. The City has a collection of
artwork in various sites throughout the interior and exterior of public facilities. The value of the
art is expected to either remain the same or increase over time, so it is not depreciated. Software
development is capitalized if over a threshold of $30,000.
J. 	Contributions: 	Contributions in the form of cash and capital assets to the governmental
activities of the City are recognized on the Statement of Activities as revenues in the period they
are received. 	Contributions of capital assets, primarily completed infrastructure from
developers, are recognized at the fair value at the date of donation. 	All contributions are
reported on the Statement of Activities as program revenues, with operating contributions
reported separately from capital contributions.
K. Interfund Activity: Interfund activity within and among the City’s three fund categories
(governmental, proprietary, and fiduciary) are classified as reciprocal interfund activity and
nonreciprocal interfund activity.
Reciprocal interfund resource flows between funds with an expectation of repayment are
reported as interfund receivables and payables. Reciprocal interfund resource flows, without an
expectation of repayment within a reasonable time, are reported as transfers between funds.
Interfund services provided and used are sales and purchases of goods and services between
funds for a price approximating their external value and are reported as revenues and
expenditures (or expenses) in the funds.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
K. Interfund Activity: (continued)
Nonreciprocal interfund activities are flows of assets between funds without an equivalent flow
of assets in return or without a requirement for repayment are reported as transfers in
governmental funds and nonoperating revenues and expenses in proprietary funds.
L. Restricted Assets:
Assets are reported as restricted in the citywide Statement of Net Assets and the enterprise fund
level statements when constraints are placed on net asset use. The constraints are either: (1)
externally imposed by creditors, grantors, contributors, or laws or regulations of other
governments; or (2) imposed by law or through constitutional provisions or enabling legislation.
Certain proceeds of the City’s revenue bonds, both governmental and proprietary funds, as well
as resources set aside for their repayment are classified as restricted assets on the statements.
M. Compensated Absences:
City employees may accumulate earned personal leave benefits (compensated absences) at
various rates within limits specified in collective bargaining agreements. For all funds, this
liability reflects amounts attributable to employee services already rendered, cumulative,
probable for payment, and reasonably estimated in conformity with GASB Statement No. 16,
Accounting for Compensated Absences.
Compensated absences liabilities are accrued when incurred in the citywide financial statements,
and the proprietary and fiduciary fund level financial statements. No expenditure is reported in
the governmental funds for these amounts until the payment is made. No liability is recorded for
nonvesting, accumulated sick pay benefits. Compensated absences liability is determined based
on current rates of pay.
N. Risk Financing:
The City is self-insured for general and automobile liability and up to $1.2 million per
occurrence for workers compensation. The liability for self-insured losses is based on individual
case estimates for reported claims, historical loss data and valuations performed by independent
actuaries at September 30, 2009, for incurred but not yet reported claims, claims development,
and unallocated loss adjustment expenses. The liability for self-insured losses is accounted for in
the Self-Insurance Fund (internal service fund) that pays for claims made against the City. The
City has an excess liability policy which provides coverage for general liability at limits of $1
million per occurrence and $3 million in the aggregate, subject to a $5 million self-insured
retention; and employers liability at limits of $1 million per occurrence and $3 million in the
aggregate subject to a $1.2 million self-insured retention.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
O. Pension Costs:
Substantially all permanent, full-time employees of the City are covered under two City
sponsored defined benefit pension plans. Employer contributions are recorded as pension
expenditure/expenses when the related payroll is accrued based on an actuarially determined rate
in accordance with GASB Statement No. 27, Accounting for Pensions by State and Local
Governments.
P. 	Landfill Closure and Postclosure Care Costs:
The City recognizes municipal solid waste landfill closure and postclosure care costs under the
State of Florida's Solid Waste Management Act of 1988 (the "1988 Act"), regulations of the
Federal Environmental Protection Agency (EPA), and GASB Statement No. 18, Accounting for
Municipal Solid Waste Landfill Closure and Postclosure Care Costs. For those landfills that
stopped accepting solid waste prior to final implementation of the 1988 Act and EPA
regulations, the total cost of municipal solid waste landfill (MSWLF) closure is recognized as a
deferred charge in the Solid Waste Disposal Enterprise Fund, in accordance with FASB
Statement No. 71, Accounting for the Effects of Certain Types of Regulation, (FAS 71). The
City issued bonds to pay for closure costs on closed landfills. Post-closure care costs on closed
landfills are recorded as a liability based on engineer’s estimates. The City Council establishes
rates that are designed to recover costs and believes it is reasonable to assume that such rates,
which will recover the costs, can be charged to and collected from customers. Accordingly, the
provisions of FAS 71 are applied. The City intends to recover these MSWLF costs through
future operating revenues of the Solid Waste Disposal Enterprise Fund. Accordingly, MSWLF
costs are recognized as expense each year to match the flow of revenue and bonds principal
payments, thereby reducing the deferred charge. Expenses for closure and postclosure care costs
are recorded each year and the liability is adjusted to the engineer’s estimate. MSWLF closure
and postclosure care costs incurred for landfills accepting solid waste after final implementation
of the 1988 Act and EPA regulations are recognized as an expense. A liability is recorded based
upon the landfill capacity used during that year applied to the engineer’s estimate of closure and
postclosure care costs. (See Note 13.C.)
Q. Long-Term Obligations:
In the citywide financial statements, and proprietary funds in the fund financial statements, long-
term debt and other long-term obligations are reported as liabilities in the applicable
governmental activities, business-type activities, or proprietary funds statement of net assets.
Special obligation bonds, which are supported by certain general revenues (other than ad
valorem taxes), do not constitute a debt of the City within the meaning of any constitutional or
statutory limitation or provision, and the City is not obligated to pay the bonds except from
revenues pledged for such purposes.
Each governmental fund that has long-term liabilities, such as, compensated absences and
pension liabilities, is responsible for liquidating the same.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Q. Long-Term Obligations: (continued)
Non Asset Bonds are created when the City issues debt and either (a) constructs an asset which
will become the asset of another entity (e.g. State of Florida); 	(b) contributes proceeds to
another entity (e.g. Shands Jacksonville Hospital) to participate in a construction project; or (c)
provides an economic incentive to a development or redevelopment project. Part of the Better
Jacksonville Plan (BJP) referendum was to make improvements to state roads and/or
interchanges with/between state roads.
While these projects enhance traffic movements in and around Jacksonville, the constructed
assets and the future maintenance responsibility are transferred to the Florida Department of
Transportation. 	Additionally, under the BJP program, the City provided for non-capital
expenditures, such as septic tank remediation and ash clean up, from debt proceeds, which will
not result in a capital asset of the City. The City has also provided grants to Shands Jacksonville
Hospital, a provider of health care for indigents, from debt proceeds. 	The City and/or its
Community Redevelopment Authority (CRA) districts, to encourage target development, will
enter into incentive agreements (including grants loans) which are in some instances designed to
be repaid by either the CRA’s tax increment revenues and/or the developer.
R. Categories and Classification of Fund Balance:
The City of Jacksonville has elected early implementation of GASB 54. This statement
establishes fund balance classifications that comprise a hierarchy based primarily on the extent
to which a government is bound to observe constraints imposed upon the use of the resources
reported in governmental funds. Fund balance for fiscal year 2008 has been restated for
comparative purposes, in the fund level financial statements. Fund balance classifications, under
GASB 54, are Nonspendable, Restricted, Committed, Assigned, and Unassigned. These
classifications reflect not only the nature of funds, but also provide clarity to the level of
restriction placed upon fund balance. Fund Balance can have different levels of restraint, such as
external versus internal compliance requirements. Unassigned fund balance is a residual
classification within the general fund. The general fund should be the only fund that reports a
positive unassigned balance. In all other funds, unassigned is limited to negative residual fund
balance. For further details of the various fund balance classifications refer to Note 19.
S. 	Bond Discounts, Premiums and Issuance Costs:
In the fund financial statements, governmental funds recognize bond discounts, premiums and
issuance costs in the current period. The face amount of debt issued and bond premiums are
reported as other financing sources while discounts on debt issuance are reported as other
financing uses. Issuance costs, whether or not withheld from the debt proceeds received, are
reported as debt service expenditures.
In the citywide financial statements and for proprietary funds, material bond discount, premium
and issuance costs are deferred and amortized as a component of interest expense over the term
of the bonds using the straight-line method, which approximates the effective interest method.
Issuance costs are recorded as deferred charges and bond discount/premium are included in
Long-Term Liabilities - Revenue Bonds.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
T. Deferred Loss on Debt Refundings:
Losses resulting from advance refundings of debt in the citywide and proprietary fund statements
are deferred and amortized over the shorter of the life of the new debt or the remaining life of the
old debt. The amount deferred is reported as a component of Long-Term Liabilities in the
accompanying financial statements and is amortized and reported as a component of interest
expense.
U. Use of Estimates:
The preparation of financial statements, in accordance with GAAP, requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial statements, and the
reported amount of revenues and expenses during the reporting period. Actual results could
differ from those estimates.
V. Reclassifications:
Certain amounts in the separately issued financial statements of component units have been
reclassified to conform to the presentation of the primary government.
W. Summarized Comparative Information:
The basic financial statements include certain prior-year summarized comparative information in
total but not at the level of detail required for a presentation in conformity with generally
accepted accounting principles. Accordingly, such information should be read in conjunction
with the City’s financial statements for the year ended September 30, 2008, from which the
summarized information was derived.
X. Prepaids:
Prepaid items consist of certain costs which have been paid prior to the end of the fiscal year, but
represent items which are applicable to future accounting periods. 	These amounts do no
constitute available spendable resources even though they are a component of current assets.
Prepaids are processed using the consumption method.
2. 	BUDGETARY DATA
The City presents a Budgetary Comparison Schedule for the General Fund as Required
Supplementary Information. For this reporting period, no special revenue funds met the major fund
criteria. 	The City’s budgetary comparison reporting and Notes to Required Supplementary
Information containing descriptions of the City’s budgetary policies and processes are included in
the Required Supplementary Information section of this report.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING
A. Equity in Cash and Investments:
The City maintains a cash and investment pool that is available for use by all funds except for
monies legally restricted to separate administration (i.e. pension plan custodians and deferred
compensation plan administrators). The “Equity in cash and investments” on the City Wide
Financial Statements, consists of cash and investments owned by each fund and defined as
resources that can be liquidated without delay or penalty. Cash and investments held separately
where contractual arrangements and bond covenants require such arrangements, are classified as
“restricted assets.”
Investment earnings are allocated to the individual funds monthly based on the funds’ weighted
average daily cash balance.
The schedule below details the cash, cash equivalents (including the cash management pool),
cash in escrow, cash with fiscal agents, interest and dividends receivable and pension portfolios
as shown in the city-wide financial statements.
CASH and INVESTMENTS
Cash and Cash Equivalents 	$ 	116,985,297
Investments 	681,228,703
Pension, Private Purpose Trust and Agency Funds:
Cash and Cash Equivalents 	113,664,000
Investments 	2,307,729,000
Component Units:
Cash and Cash Equivalents 	971,886,000
Investments 	385,610,000
Total Cash and Investments 	$4,577,103,000
Investments Schedules:
Operating Portfolio 	$ 1,066,838,703
Pension Portfolio 	2,307,729,000
Sub-total 	3,374,567,703
Other Cash/Investments:
Cash 	445,411, 297
Cash with Fiscal Agent 	100,050,000
Restricted Funds 	657,074,000
Total Cash and Investments 	$4,577,103,000
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING (continued)
B. Cash on Deposit:
Monies on deposit with financial institutions in the form of demand deposit accounts, time
deposit accounts and certificates of deposit are defined as public deposits. All of the City’s
public deposits are held in qualified public depositories pursuant to State of Florida Statutes,
Chapter 280, “Florida Security for Public Deposits Act”, and covered by federal depository
insurance. For amounts in excess of such federal depository insurance the Act provides that all
qualified public depositories are required to pledge eligible collateral having a market value
equal to or greater than the average daily or monthly balance of all public deposits, times the
depository’s collateral pledging level. 	The pledging level may range from 50% to 125%
depending upon the depository’s financial condition and establishment period. 	The Public
Deposit Security Trust Fund has a procedure to allocate and recover losses in the event of a
default or insolvency. 	When public deposits are made in accordance with Chapter 280, no
public depositor shall be liable for any loss thereof. Any losses to public depositors are covered
by applicable deposit insurance, sales of securities pledged as collateral and, if necessary,
assessments against other qualified public depositories of the same type as the depository in
default.
C. Investments and Investment Practices - General Operating Investments:
The City’s operating fund investment guidelines are defined by City Ordinance Code Section
110, Part 2 and a written Investment Policy (the “Policy”) as approved by City Council. The
investment policy establishes a diversified investment strategy, both by type of investment and
by manager, a minimum credit quality, and duration limitations. An internal Investment
Committee has oversight, within policy limits, of the implementation and direction of investment
strategies. The Policy is reviewed annually for any adjustments due to changes or developments
within the investment markets that may provide enhanced investment opportunities for the City.
The fair market value of the City’s fixed maturity investments fluctuate in response to changes in
market interest rates. Increases in prevailing interest rates typically translate into decreases in the
fair market value of fixed maturity investments. Fair values of interest rate sensitive instruments
may also be affected by the liquidity and duration of the instrument, creditworthiness of the
issuer, prepayment options, and other general market conditions.
All invested cash is managed by third-party money managers other than operating cash invested
overnight through the City’s zero balance sweep accounts. Within the aggregate portfolio, the
Policy establishes a Liquidity Portfolio which is required to contain not less than 15% of the
aggregate portfolio, and an Active Portfolio containing funds not earmarked to the Liquidity
Portfolio. Performance benchmarks for the Liquidity and Active Portfolios are established in the
Policy and performance benchmarks for each of the third party managers are established by the
Investment Committee. The Policy defines the Average Duration and Compliance Categories for
investments. Compliance Categories are stated as a percentage of the Normal Portfolio Balance
(the average total portfolio balance for the proceeding twelve months). 	Performance and
compliance reports for both portfolios are submitted to the Investment Committee monthly, and
to the Finance Committee quarterly.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING (continued)
C. Investments and Investment Practices - General Operating Investments (continued):
The City employs an independent investment custodian who takes direction from the money
managers and independently settles all trades. In addition, the custodian provides performance
and compliance reporting both for the portfolios and by individual managers. Managers are
required to report any instances of noncompliance with investment guidelines.
Interest rate risk is controlled primarily through duration, which is a measure that approximates
the change in value of a bond for a given change in interest rates. Shorter durations are less
sensitive to interest rate shifts, while longer durations are more sensitive. To limit the portfolio
volatility associated with changes in interest rates, the City’s Investment Policy Statement
restricts the average duration of the overall portfolio to a range of 	0.75 – 5.00 years; no more
than 7.5% of the individual securities in the portfolio can have a duration greater than 8.5 years.
The following schedule reports the minimum and/or maximum investment percentages for each
Compliance Category and shows the current percentages of investments per actual balances at
year end and as a percentage of the Normal Portfolio Balance.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING (continued)
C. Investments and Investment Practices - General Operating Investments (continued):
Compliance Category
Actual Year End
$
Actual Year
End % 	During Year 	By Policy
Duration 	2.69 	N/A 	3.23 	5.00
Liquidity 	153,548,379	$ 	23% 	44% 	100%
Requirements
US Govt (USG) 	67,472,035	$ 	10% 	14% 	100%
USG + Agencies* 	155,000,820	$ 	23% 	31% 	100%
Constraints
Agencies 	87,528,786	$ 	13% 	20% 	45%
MBS* 	75,726,944	$ 	11% 	15% 	35%
Agency MBS* 	38,361,440	$ 	6% 	13% 	35%
Non-Agency MBS 	37,365,504	$ 	5% 	7% 	15%
Corporates 	209,347,953	$ 	31% 	39% 	60%
Corporates > 1 Year* 	207,690,249	$ 	30% 	39% 	40%
Munis 	10,958	$ 	0% 	0% 	10%
Bond Funds 1 	106,752,985	$ 	16% 	21% 	85%
Money Market Funds* 	68,866,476	$ 	10% 	38% 	40%
CDs 	502,500	$ 	0% 	1% 	20%
Repos 	-	$ 	0% 	0% 	20%
Specialty Risk
High Yield 1 	32,966,167	$ 	5% 	6% 	8%
International* 	-	$ 	0% 	0% 	8%
International (non-hedged) 	-	$ 	0% 	0% 	5%
Emerging Market 1 	4,939,518	$ 	1% 	1% 	8%
Duration > 8.5* 	22,853,348	$ 	3% 	4% 	8%
Sum 	1,268,934,061	$ 	186%
*Classification Adjustment - Assets in
more than one category 	587,705,359	$ 	86%
Total 	681,228,703	$ 	100%
2
Normal Portfolio Balance 	686,000,000	$
1
Fidelity (Pyramis) is a commingled bond fund whose characteristics are reported as indicated. The
investment fund as a whole is in compliance with investment policy.
Maximum
% of Portfolio
Operating Fund
Portfolio Characteristics
as of September 30, 2009
Total Aggregate Portfolio
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING (continued)
C. Investments and Investment Practices - General Operating Investments (continued):
Note that Agency securities carry an “implicit” government guarantee, meaning that in the event
of default, it is believed rather than explicitly stated, that the U.S. Government would ensure
timely payments of the interest and principal. Consequently, the quality is considered higher
than the highest-rated corporate bonds, but below that of actual U.S. Government-backed
instruments.
The Operating Portfolio by Credit Quality reports on the General Operating Portfolio investment
rating using Moody’s rating schedule as an indicator of investment credit quality. The City’s
Investment Policy Statement is designed to control credit risk by requiring both minimum
amounts that must be invested in the highest quality U.S. Government securities, as well as a
maximum limit of 7.5% of the portfolio that can be invested in non-investment grade securities.
Operating Fund by Credit Quality reports on the overall portfolio to illustrate the credit risk of
the portfolio at year end.
Quality Breakdown (Moody's) 	Active Portfolio
Treasury 	12%
Agency 	12%
AAA 	10%
AA1-AA3 	4%
A1-A3 	10%
BAA1-BAA3 	12%
Non-investment Grade / Unrated 	4%
Commingled / Mutual Funds 	36%
100%
Operating Portfolio by Credit Quality
September 30, 2009
Moody’s rating definitions:
Treasury – United States Treasury Securities
Agency – Government Agency Securities
AAA – Highest Investment Grade Quality Rating
AA1–AA3 – Medium Investment Grade Quality Rating
BAA1-BAA3 – Lowest Investment Grade Quality Rating
Commingled – Securities that are not applicable to Quality Ratings - they represent predominantly mutual
funds that are listed and valued as a whole, not individual holdings, as well as minor exposure to non-
investment grade securities.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING (continued)
C. Investments and Investment Practices - General Operating Investments (continued):
The City has nominal exposure to foreign currency in the Operating Fund due to investments in
non-U.S. markets. Foreign currencies will fluctuate relative to the U.S. dollar, but it is believed
that the diversification benefits outweigh potential risks. Given the limited exposure, foreign
currency risk is considered minor.
U.S. DOLLAR 	667,736,917	$ 	98.02%
CANADIAN DOLLAR 	5,081,488	$ 	0.75%
NEW ZEALAND DOLLAR 	3,525,545	$ 	0.52%
AUSTRALIAN DOLLAR 	2,894,294	$ 	0.42%
MEXICAN NEW PESO 	1,644,651	$ 	0.24%
BRAZIL REAL 	272,901	$ 	0.04%
INDONESIAN RUPIAN 	72,907	$ 	0.01%
Total 	681,228,703	$ 	100.00%
Operating Portfolio
Foreign Currency Exposure
September 30, 2009
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING (continued)
C. Investments and Investment Practices - Pension Plan Investments:
The City’s two separate defined benefit pension plans are the Jacksonville Retirement
System and the Police and Fire Pension Plan. Investments in the City’s two plans are
governed by state statute and locally adopted investment policies. These policies establish
investment objectives and guidelines for the portfolio as a whole, for each individual
manager, as well as by instrument and issuer. The following schedules are presented for only
the Jacksonville Retirement System investments:
Equities 	Bonds 	Other 	Cash 	Total 	Percentage
Equity (Domestic) 	533,288,950	$ 	-	$ 	-	$ 	16,324,936	$ 	549,613,886	$ 	38%
Large Cap Value 	125,660,678	$ 	-	$ 	-	$ 	2,950,201	$ 	128,610,879	$ 	9%
Large Cap Growth 	139,571,763	$ 	-	$ 	-	$ 	4,599,987	$ 	144,171,750	$ 	10%
Large Cap Core 	152,058,441	$ 	-	$ 	-	$ 	968,834	$ 	153,027,275	$ 	11%
Small Cap Value 	59,710,011	$ 	-	$ 	-	$ 	4,902,938	$ 	64,612,949	$ 	5%
Small Cap Growth 	36,039,986	$ 	-	$ 	-	$ 	2,709,634	$ 	38,749,620	$ 	3%
Small Cap Core 	20,248,071	$ 	-	$ 	-	$ 	193,342	$ 	20,441,413	$ 	1%
Equity (International) 	232,030,232	$ 	-	$ 	-	$ 	21,047	$ 	232,051,279	$ 	10%
Value 	125,533,896	$ 	-	$ 	-	$ 	15,242	$ 	125,549,138	$ 	9%
Growth 	88,548,594	$ 	-	$ 	-	$ 	5,805	$ 	88,554,399	$ 	0%
Core 	17,947,742	$ 	-	$ 	-	$ 	-	$ 	17,947,742	$ 	1%
Bonds*
Intermediate 	-	$ 	323,737,892	$ 	-	$ 	9,985,260	$ 	333,723,152	$ 	23%
Aggregate 	-	$ 	161,339,588	$ 	-	$ 	9,002,976	$ 	170,342,564	$ 	12%
Cash 	-	$ 	-	$ 	-	$ 	5,574,025	$ 	5,574,025	$
Other
Real Estate 	9,660,171	$ 	-	$ 	126,411,259	$ 	540,924	$ 	136,612,354	$ 	10%
Total investments 	774,979,353	$ 	485,077,480	$ 	126,411,259	$ 	41,449,168	$ 	1,427,917,260	$ 	100%
Less: Amount reported as receivables 	4,130,497	$
Total Investments less receivables 	1,423,786,763	$
*Duration of bond portfolio is 4.45 years
Jacksonville Retirement System
Distribution by Asset Type
9/30/2009
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING (continued)
C. Investments and Investment Practices - Pension Plan Investments (continued):
The Jacksonville Retirement System by Credit Quality reports on the plan’s portfolio
investments rating using Moody’s rating schedule as an indicator of investment credit quality.
Quality Breakdown (Moody's) 	Portfolio (%)
Treasury 	9%
Agency 	37%
AAA 	3%
AA1-AA3 	3%
A1-A3 	16%
BAA1-BAA3 	17%
Other 	3%
Outliers 	13%
100%
General Employees Pension Fund by Credit Quality
September 30, 2009
Moody’s rating definitions:
Treasury – United States Treasury Securities
Agency – Government Agency Securities
AAA – Highest Investment Grade Quality Rating
AA1–AA3 – Medium Investment Grade Quality Rating
BAA1-BAA3 – Lowest Investment Grade Quality Rating
Outliers – Securities that are not applicable to Quality Ratings - Outliers’ represent predominantly mutual
funds that are listed and valued as a whole, not individual holdings, as well as minor exposure to non-
investment grade securities.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING (continued)
C. Investments and Investment Practices - Pension Plan Investments (continued):
The City has nominal exposure to foreign currency in the Pension Fund due to investments in
non-U.S. markets. 	Foreign currencies will fluctuate relative to the U.S. dollar, but it is
believed that the diversification benefits outweigh potential risks. Given the limited exposure,
foreign currency risk is considered minor.
Currency 	Exposure 	Percentage
U.S. DOLLAR 	1,425,090,746	$ 	99.80%
NORWEGIAN KRONE 	1,438,375	$ 	0.10%
SINGAPORE DOLLAR 	746,162	$ 	0.05%
SWISS FRANC 	563,865	$ 	0.04%
EURO CURRENCY UNIT 	56,382	$ 	0.00%
JAPANESE YEN 	13,788	$ 	0.00%
SWEDISH KRONA 	4,978	$ 	0.00%
BRITISH POUND STERLING 	2,962	$ 	0.00%
CANADIAN DOLLAR 	1	$ 	0.00%
Total 	1,427,917,260	$ 	100.00%
General Employees Pension Fund
Foreign Currency Exposure
September 30, 2009
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING (continued)
C. Investments and Investment Practices: (continued)
Investment performance is measured against comparable indices that are consistent with the
City’s Investment Policy Statements, market opportunities, and liquidity/cash flow requirements.
The following schedule includes the actual fund returns as well as stocks and bond market
indices to gauge relative performance.
One Year
3-Year
Average
5-Year
Average
Operating Fund* 	11.72 	5.94 	4.99
Pension Fund 	0.33 	-0.96 	2.99
Indices
Fixed Income
Barclays Aggregate Bond 	10.56 	6.41 	5.13
BofA ML US Treasuries 1 - 3 Year 	3.46 	5.17 	4.03
Citigroup Treasury Bill 3-Month 	0.39 	2.63 	2.96
Equity
Russell 1000 Large Cap Index 	-6.14 	-5.10 	1.49
Russell 2000 Small Cap Index 	-9.55 	-4.57 	2.41
MSCi EAFE Int'l Equity Index 	3.80 	-3.12 	6.57
*Excludes depository accounts
% Annual Return
INVESTMENT PORTFOLIO PERFORMANCE
(Gross of investment management fees)
October 1, 2008 to September 30, 2009
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
3. 	CASH, INVESTMENTS AND SECURITIES LENDING (continued)
D. Securities Lending: The City participates in securities lending for both its operating and pension
portfolios. The City has a contract with its custodian, The Bank of New York Mellon (the City’s
Operating Portfolio and the Jacksonville Retirement System) that allows the custodian, acting as
agent, to lend securities held in the portfolios. The Police and Fire Pension fund withdrew from the
Securities Lending program with Northern Trust Company in March 2008. The transactions are
designed to be invisible to either the third party money managers or in-house staff who manage
segments of various portfolios. The market for securities lending was developed to provide
temporary access to a large portfolio of securities for broker/dealers who might have a need to
borrow specific instruments. Securities are loaned against collateral that may include cash, U.S
government securities and irrevocable letters of credit. U.S Securities are loaned against collateral
valued at a minimum of 102% of the market value of the securities plus any accrued interest. Non-
U.S. securities are loaned versus collateral valued at a minimum of 105% of the market value of the
securities plus any accrued interest. 	If the broker/dealer fails to return the security, upon request,
and then the custodian, acting as agent, will utilize the collateral to replace the security borrowed.
The securities loaned are on a rolling daily basis and the cash collateral can be deposited and/or
withdrawn from the investment on a daily basis. The weighted average maturity duration of the
collateral investment at September 30, 2009 was 54 days for the City’s Operating Portfolio and 80
days for the Jacksonville Retirement System.
The transaction establishes a rebate interest rate (assuming cash collateral), which is due back to the
broker/dealer upon return of the security. The cash is then invested short-term and the City and the
custodian share in the incremental return available above the rebated interest rate. The short-term
fixed income instruments can be invested in high quality, dollar-denominated fixed income
instruments, with a policy dollar-weighted, average maturity limit of less than 30 days. The City, as
a program participant, assumes the risk that (a) the overnight investment will not equal or exceed the
rebate interest rate, (b) the overnight investment will experience a loss in fair value (i.e., principal)
and (c) the collateral will not be sufficient if the borrower fails to return the security back to the
lending bank. As noted above, cash collateral is invested in short-term income instruments. When
non-cash collateral is provided the collateral must be obligations issued or guaranteed by the U.S.
Government or its agencies and instrumentalities. The City cannot pledge or sell these obligations in
the absence of a default by the borrower. While the net asset value of the collateral will fluctuate
and potentially subject the City to credit risk if the above-mentioned 102% daily adjusted collateral
were to fall below 100%, as of September 30, 2009, the City of Jacksonville maintained a sufficient
102.7%. During the fiscal year ended September 30, 2008, the Securities Lending program
experienced a realized loss in the value of certain securities held in the collateral investment pool of
$5.7 million which was reported as a reduction in income earned over the course of the year. During
the fiscal year ended September 30, 2009 the invested collateral market values recovered value,
increasing Securities Lending income by $2.2 million ($0.9 million Operating, $1.3 million
Jacksonville Retirement System).
The City periodically reviews the custodian’s practices to insure fair distribution of lending
opportunities as well as risk evaluation of prospective broker/dealer borrowers. For accounting
purposes, the Statements of Net Assets and Changes in Net Assets reflect the increase in assets,
liabilities, interest income and expense associated with securities lending activity.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
4. 	ACCOUNTS AND MORTGAGES RECEIVABLE
The accounts and mortgages receivable balances in the funds listed below, in thousands, are shown net
of an allowance for doubtful accounts. No other funds had an allowance for doubtful accounts at
September 30, 2009.
Accounts 	Allowance for
Fund 	Receivable 	Doubtful Accounts
General Fund 	$ 	43,671 	$ 	(28,407) 	$ 	15,264
Non-Major Special Revenue Funds:
Budgeted General Government 	2 	- 	2
Major Enterprise Fund:
Solid Waste Disposal 	8,861 	(3,553) 	5,308
Jacksonville Municipal Stadium 	184 	- 	184
Veterans Memorial Arena 	1,801 	(1) 	1,800
Non-Major Enterprise Funds:
Performing Arts 	94 	(27) 	67
Convention Center 	60 	(14) 	46
Equestrian Center 	64 	(53) 	11
Storm Water Services 	17,471 	(7,243) 	10,228
Motor Vehicle Inspection 	59 	(1) 	58
Baseball Stadium 	1 	- 	1
Mortgages 	Allowance for
Fund 	Receivable 	Doubtful Accounts
Non-Major Special Revenue Funds:
Community Development Block Grant 	$ 	4,885 	$ 	(1,920) 	$ 	2,965
Housing and Neighborhoods 	26,917 	(6,311) 	20,606
State Housing Initiative Partnership 	15,571 	(525) 	15,046
Net Amount Shown
on Balance Sheet
Net Amount Shown
on Balance Sheet
5. 	PROPERTY TAXES
A. Ad Valorem Property Taxes:
Property tax collections are governed by Chapter 197, Florida Statutes. The Duval County Tax
Collector bills and collects all property taxes levied within the consolidated city/county.
Discounts of 4, 3, 2, and 1% are allowed for early payment in November, December, January,
and February, respectively. The total millage rate levied by the City was 9.2727 for the fiscal
year ended September 30, 2009. The maximum millage rate for the City that may be levied is 20
mils due to the City being a consolidated City and County.
The Florida Constitution, as amended under Article VII, Section 4, limits the increase in
homestead property valuations for ad valorem tax purposes to a maximum of the lesser of (i)
three percent (3%) of the assessment for the prior year, or (ii) the percent change in the
Consumer Price Index for the preceding calendar year. The first tax year in which the limitations
of these constitutional provisions apply is January 1, 1995. Calendar year 1995 is the base year
upon which assessed just value of the homestead property is determined.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
5. 	PROPERTY TAXES (continued)
B. Property Tax Calendar:
The Tax Collector remits collected taxes at least monthly to the City. The City recognizes
property tax revenue as it is received from the Tax Collector since virtually all taxes levied will
be collected through the tax collection process. The calendar of events is as follows:
January 1 	Property taxes are based on assessed value at this date as determined by
the Duval County Property Appraiser.
July 1 	Assessment roll approved by the state.
September 30 	Millage resolution approved by the City Council.
October 1 	Beginning of fiscal year for which taxes have been levied.
November 30 	Last day for 4% maximum discount.
April 1 	Unpaid property taxes become delinquent.
May 31 	Tax certificates are sold by the Duval County Tax Collector. This is the
first lien date on the properties.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
6. 	CAPITAL ASSET ACTIVITY
Capital asset activity for the year ended September 30, 2009, was as follows (in thousands):
Primary Government
*Beginning Balance 	Dispositions/ 	Ending Balance
October 1, 2008 	Additions 	Reclassifications 	September 30, 2009
Governmental activities:
Capital assets not being depreciated:
Land 	277,562	$ 	2,842	$ 	-	$ 	280,404	$
Art In Public Places 	545 	148 	‐ 	693
Construction in progress 	53,913 	43,102 	(10,008) 	87,007
* Furniture and equipment in work in process 	43 	473 	(43) 	473
Software Development In Process 	6,304 	3,306 	- 	9,610
Total capital assets not being depreciated 	338,367 	49,871 	(10,051) 	378,187
Capital assets being depreciated:
Buildings 	523,110 	20,734 	- 	543,844
* Furniture, equipment and library books 	293,141 	36,581 	(18,013) 	311,709
Improvements 	177,661 	33,287 	- 	210,948
Infrastructure 	1,641,279 	155,575 	- 	1,796,854
Purchased Software 	6,296 	704 	‐ 	7,000
Internal Software 	12,549 	836 	‐ 	13,385
Total assets being depreciated 	2,654,036 	247,717 	(18,013) 	2,883,740
Less accumulated depreciation for:
Buildings 	147,428 	9,041 	- 	156,469
Furniture, equipment and library books 	208,236 	34,439 	(17,336) 	225,339
Improvements 	25,999 	7,218 	‐ 	33,217
Infrastructure 	294,444 	62,531 	‐ 	356,975
Purchased Software 	3,315 	2,101 	‐ 	5,416
Internal Software 	2,570 	1,269 	‐ 	3,839
Total accumulated depreciation 	681,992 	116,599 	(17,336) 	781,255
Total capital assets being depreciated, net 	1,972,044 	131,118 	(677) 	2,102,485
Governmental activities capital assets, net 	2,310,411	$ 	180,989	$ 	(10,728)	$ 	2,480,672	$
* Beginning balances have been reallocated to classify Internal Service Funds into major
classes of capital assets and accumulated depreciation.
Beginning Balance 	Dispositions/ 	Ending Balance
Business-type activities: 	October 1, 2008 	Additions 	Reclassifications 	September 30, 2009
Capital assets not being depreciated:
Land 	34,859	$ 	10,230	$ 	-	$ 	45,089	$
Total capital assets not being depreciated 	34,859 	10,230 	- 	45,089
Capital assets being depreciated:
Buildings and improvements 	547,912 	85 	- 	547,997
Infrastructure 	- 	2,841 	- 	2,841
Furniture and equipment 	7,075 	70 	(218) 	6,927
Total assets being depreciated 	554,987 	2,996 	(218) 	557,765
Less accumulated depreciation for:
Buildings and improvements 	146,268 	13,129 	- 	159,397
Furniture and equipment 	6,730 	150 	(214) 	6,666
Total accumulated depreciation 	152,998 	13,279 	(214) 	166,063
Total capital assets being depreciated, net 	401,989 	(10,283) 	(4) 	391,702
Business-type activities capital assets, net 	436,848	$ 	(53)	$ 	(4)	$ 	436,791	$
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
6. 	CAPITAL ASSET ACTIVITY
Depreciation expense was charged to the functions of the primary government as follows (in thousands):
Governmental activities:
General government 	27,296	$
Human services 	695
Public Safety 	11,036
Culture and recreation 	12,472
Transportation 	10,806
Economic environment 	80
Physical environment 	54,214
Total depreciation expense - governmental activities 	116,599	$
Depreciation expense was charged to the business-type activities as follows (in thousands):
Business-type activities:
Parking system 	369	$
Motor vehicle inspections 	1
Solid waste 	2,194
Stormwater Services 	-
Jacksonville Municipal Stadium 	5,476
Veterans Memorial Arena 	2,446
Baseball Stadium 	640
Performing Arts 	762
Convention Center 	651
Equestrian Center 	740
Total depreciation expense - business-type activities 	13,279	$
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CITY OF JACKSONVILLE , FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
7. INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS (continued)
A summary of interfund balances follows (in thousands):
DUE TO OTHER FUNDS 	AMOUNT 	DUE FROM OTHER FUNDS 	PURPOSE
MAJOR FUNDS:
General Funds
General Services 	3,000	$ 	Public Safety 	Emergency Incident Funding
General Services 	70 	Public Parking System 	Temporary Interfund Loan
General Services 	2 	Jacksonville Municipal Stadium 	Receivable Adjustment-Venues
General Services 	1 	Veterans Memorial Arena 	Receivable Adjustment-Venues
General Services 	2 	Convention Center 	Receivable Adjustment-Venues
General Services 	501 	Performing Arts 	Temporary Interfund Loan
General Services 	420 	Equestrian Center 	Temporary Interfund Loan
General Services 	360 	Copy Center 	Temporary Interfund Loan
General Services 	360 	Information Technology 	Temporary Interfund Loan
4,716
Capital Project Funds
Better Jacksonville Projects 	24,000 	Bond Projects 	BJP Bond Project Funding
24,000
Enterprise Funds
Veterans Memorial Arena 	33 	General Fund 	Receivable Adjustment-Venues
33
TOTAL 	28,749	$
ADVANCES TO OTHER FUNDS 	AMOUNT 	ADVANCES FROM OTHER FUNDS 	PURPOSE
NON-MAJOR FUNDS:
Internal Service Funds
Self Insurance 	8,500 	General Projects 	Loan for Redevelopment Agreement
8,500	$
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CITY OF JACKSONVILLE , FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
7. INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS (continued)
A summary of interfund transfers follows (in thousands):
TRANSFERS IN 	AMOUNT 	TRANSFERS OUT
MAJOR FUNDS:
General Fund
General Fund 	$ 	408 	Concurrency Management
General Fund 	25 	General Government Budgeted
General Fund 	4,746 	Tax Increment Districts
General Fund 	183 	Community Development Block Grant
General Fund 	751 	General Government Non Budgeted
Total 	6,113
Debt Service
Special Bonded Debt Obligations 	65,624 	General Fund
Special Bonded Debt Obligations 	2,003 	Tax Increment Districts
Special Bonded Debt Obligations 	6,335 	Better Jacksonville Plan Trust
Special Bonded Debt Obligations 	3,178 	Public Parking
Special Bonded Debt Obligations 	10,262 	Municipal Stadium
Special Bonded Debt Obligations 	3,362 	Convention Center
Special Bonded Debt Obligations 	2,707 	Stormwater Services
Special Bonded Debt Obligations BJP 	42,434 	Better Jacksonville Plan Trust
Total 	135,905
Capital Projects
Better Jacksonville Construction Project 	16,288 	Better Jacksonville Plan Trust Fund
Total 	16,288
Enterprise Funds
Solid Waste Disposal 	20,786 	General Fund
Solid Waste Disposal 	414 	Special Bonded Debt Obligations
Municipal Stadium 	7,567 	General Fund
Municipal Stadium 	99 	Veterans Memorial Arena
Municipal Stadium 	882 	Convention Center
Municipal Stadium 	7,732 	Special Bonded Debt Obligations
Veterans Memorial Arena 	5,550 	Special Bonded Debt-BJP
43,030
NON-MAJOR FUNDS:
Special Revenue
General Government - Budgeted 	1,035 	General Fund
General Government - Budgeted 	5,979 	General Capital Projects
General Government Non Budgeted 	67 	Concurrency Management
Jacksonville Children's Commission 	16,390 	General Fund
Community Development Block Grant 	270 	General Fund
Community Development Block Grant 	74 	Tax Increment Districts
Maintenance, Parks and Recreation 	1,728 	General Fund
Other Federal, State & Local Grant Funds 	4,579 	General Fund
Housing and Neighborhoods 	579 	Community Development Block Grant
Air Pollution Control 	424 	General Fund
Total 	31,125
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CITY OF JACKSONVILLE , FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
7. INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS (continued)
A summary of interfund transfers follows (in thousands):
TRANSFERS IN 	AMOUNT 	TRANSFERS OUT
Debt Service
Other Non-Bonded Debt Obligations 	101 	General Fund
Other Non-Bonded Debt Obligations 	1,153 	Tax Increment District
Total 	1,254
Capital Projects
General Capital Projects 	1,863 	General Fund
General Capital Projects 	1,951 	Municipal Stadium
General Capital Projects 	25 	General Government Non Budgeted
Grant Capital Improvement Projects 	128 	General Capital Projects
Grant Capital Improvement Projects 	2,262 	General Fund
Total 	6,229
Enterprise Funds
Public Parking System 	1,563 	General Fund
Public Parking System 	4,466 	Special Bonded Debt Obligations
Baseball Stadium 	554 	General Fund
Baseball Stadium 	188 	Veterans Memorial Arena
Baseball Stadium 	1,466 	Special Bonded Debt-BJP
Performing Arts 	323 	General Fund
Performing Arts 	259 	Veterans Memorial Arena
Performing Arts 	26 	Special Bonded Debt Obligations
Convention Center 	16 	Special Bonded Debt Obligations
Equestrian Center 	146 	General Fund
Equestrian Center 	61 	Veterans Memorial Arena
Equestrian Center 	79 	Special Bonded Debt Obligations
Stormwater Services 	1,561 	General Funds
Total 	10,708
Internal Service Funds
Fleet Management 	2,689 	General Fund
Fleet Management 	60 	Other Federal, State and Local Grants
Information Technology 	525 	General Fund
Self Insurance 	1,072 	General Fund
Total 	4,346
TOTAL 	$ 	254,998
In the fund financial statements, net transfers out are greater than total transfers in by $590. This is due to the treatment of transfers of
capital assets and debt from enterprise funds to the general government. No amounts were reported in the governmental funds as the
amount did not involve the transfer of current financial resources.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
7. 	INTERFUND RECEIVABLES, PAYABLES, ADVANCES AND TRANSFERS 	(continued)
During fiscal year 1999, the self-insurance fund advanced $14,000,000 to the capital projects fund
for the purpose of fulfilling City obligations under a redevelopment agreement for a new 900-room
hotel with substantial convention and business spaces. The total capital investment for the project
was $126.0 million. 	The City Council passed an ordinance to treat the funding from the self-
insurance fund as a loan which will be repaid from general fund revenues commencing on May 1,
2000 in equal annual installments over 20 years, plus simple interest of 4.4%. The balance of this
advance was $8,500,217 at September 30, 2009.
In fiscal year 2003, the City passed an ordinance to enter into a redevelopment agreement with
Vestcor Companies and its subsidiaries for the redevelopment of the Lynch Building and the
Roosevelt Hotel into apartment buildings as City historic landmarks. In fiscal year 2003, the City
used internal self-insurance funds, in an amount of $17,816,000, to provide permanent financing for
the Lynch Building project. The self-insurance fund will be repaid on an annual basis with funds
from the Northbank Downtown Tax Increment District. The terms of the repayment are a 30-year
amortization, with a 20-year term at a fixed interest rate of 6% per year. 	Annual payments are
$1,294,313 which includes both principal and interest with a balloon payment of $8,290,400 at the
end of the 20-year period. The balance of the loan at September 30, 2009 was $14,328,163 which is
recorded in the Self Insurance Fund.
Vestcor will repay the City an amount of $17,816,000 to the Downtown Economic Development
fund as created by ordinance 2000-1079-E. The terms of the repayment is a 40-year amortization,
with a 20-year term at a fixed interest rate of 1.525% per year. Annual payments are $595,248
which includes both principal and interest with a balloon payment of $10,304,798 on July 1, 2023.
The balance of the loan at September 30, 2009 was $15,725,315 which is recorded in the
Jacksonville Economic Development Commission Fund.
During fiscal year 2009, the City had financial transactions with its discretely presented component
units classified as follows for the financial reporting purposes:
JEA: Termination of Enhanced Joint Agency Financing Program- On November 5, 1996 the
City and JEA executed a Financial Agreement in relation to the use of an “enhanced joint agency
agreement” potentially requiring supplemental payments from JEA in support of certain bonds used
to acquire and construct various marine facilities for the Jacksonville Port Authority. On December
7, 2007, the City and JEA mutually agreed to terminate the Financial Agreement.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
7. 	INTERFUND RECEIVABLES, PAYABLES, ADVANCES AND TRANSFERS (continued)
JEA Contribution - On October 1, 1968, the City turned its electrical department over to the newly
created JEA. Additionally, on June 1, 1997, the JEA assumed the operation and all related assets and
liabilities of the water and sewer system from the City. The JEA is required by the City Charter to
contribute annually to the general fund of the City an amount not to exceed 5.513 mills per kilowatt
per hour sold and at a rate of 2.149 mills per cubic feet of water sold. For the fiscal year ending
September 30, 2009 these contributions totaled $76,094,124 and $20,593,422, respectively. Such
contributions to the City’s general fund are for the use of the public right-of-way in connection with
its electric distribution system and its water sewer distribution and collection system, and are based
on calculations contained within section 21.07 of the City Charter.
Jacksonville Transportation Authority (JTA) : Local Option One-Half Cent Sales Tax - On
August 11, 1989, Jacksonville citizens voted for the removal of all tolls from county/city bridges and
certain roads and replaced the revenue with a local option one-half cent sales tax that provides a
permanent funding source for the construction and maintenance of the City’s roads and bridges; the
operation and maintenance of the bus system and the refinancing of existing bonds issued for the
construction of such bridges and roads. 	All collections from the one-half cent sales tax are
statutorily required to be remitted to the JTA. Accordingly, the City remitted all collections from the
one-half cent sales tax to the JTA in the amount of $65.1 million in fiscal year 2009. Such collection
and payment by the City of this local option one-half cent sales tax is recorded in the Transportation
Special Revenue fund as revenue and a transportation expenditure in the equal amount. 	The JTA
reports the $65.1 million transfer from the City as sales tax revenue.
In fiscal year 2000, the City and the JTA entered into an interlocal agreement for the purpose of
jointly exercising the separate powers of each to the maximum extent allowable by the law in the
development, scheduling, financing, planning, permitting, design, construction and implementation
of a $750 million Road, Bridge and Drainage Capital Improvement Work Program. The term of the
agreement commenced on October 1, 2000 and is in effect until all of the bonds have been duly paid
in full or defeased in accordance with their terms. The City and JTA agreed to pledge the sales tax
and the constitutional gas tax for the payment of bonds issued to implement the program. Monies
available above debt service would be collected in a Pay-As-You-Go fund to assist with the payment
of program expenditures. The City is making available the Local Option Gas Tax for the operation
of the JTA’s Mass Transit Division.
Jacksonville Port Authority (JPA): Interlocal Agreement – In connection with a major port and
marine facilities capital improvement project (the ”Project”), the City and the JPA entered into an
Interlocal Agreement upon the issuance of $43,605,140 Excise Taxes Revenue Bonds, Series 1993
(the “1993 Bonds”). Subsequent to this transaction, the parties entered into an Amended and
Restated Interlocal Agreement in conjunction with the issuance of $57,150,000 Excise Taxes
Revenue Bonds, Series 1996B (the “1996B Bonds”). The 1996B Bonds were refunded by the
Excise Taxes Revenue Refunding Bonds, Series 2001A (the “2001A Bonds”).
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
7. 	INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS (continued)
JPA: (continued)
The 1993 Bonds were partially refunded by the Excise Taxes Revenue Refunding and Improvement
Bonds, Series 2003C (the “2003C Bonds, and together with the 1993 Bonds and 2001A Bonds, the
“Bonds”).
Under the Amended and Restated Interlocal Agreement, the City agreed to issue the bonds to
finance the Project, and the JPA, in consideration therefore, agreed to reimburse the City for debt
service payments on the bonds from certain revenues allocated to the JPA. Any insufficiency in the
extent of such revenues allocated to the JPA under the Amended and Restated Interlocal Agreement
or any amendments to the Amended and Restated Interlocal Agreement does not affect in any
manner any obligation of the City pursuant to the terms of the Bonds. The Amended and Restated
Interlocal Agreement is not for the benefit of the holders of the bonds and the JPA has no obligation
under that Amended and Restated Interlocal Agreement to any third party bondholder. 	The
revenues allocated to the JPA are not pledged as security for the bonds.
The Amended and Restated Interlocal Agreement provides for the allocation of three sources of
revenue (collectively referred to as the “Pledged Revenues”) by the City to the JPA. The first source
of revenue relates to the allocation of half of the increased revenues in the Telecommunications Tax,
which is 85% of the Communication Services Tax (the “Authority Allocation No. 1”). The second
source of revenue relates to the amount calculated by multiplying one quarter (.25) mills by the gross
kilowatt hours (as defined in Article 21 of the City Charter) sold by JEA during the twelve month
period ending May 31 of the prior fiscal year (the “Authority Allocation No. 2”). The third source
of revenues relates to the $800,000 annual contribution remitted by the City to the JPA as described
in Section 5(a) of the JPA act. 	Such Pledged Revenues are to be applied by the City to the payment
of debt service on the bonds for such fiscal year prior to being paid to the JPA. For the fiscal year
ended September 30, 2009, the amount of Pledged Revenues in excess of the debt service
requirements of the bonds was $2.4 million with a total of $2.7 million being distributed to JPA.
In previous years, the City expended $43.1 million on the Project from proceeds of the 1993 Bonds
for the benefit of the JPA under the Amended and Restated Interlocal Agreement, which completed
the 1993 Bond Program. 	In previous years, the City expended $64 million on the Project from
proceeds of the 1996B Bonds for the benefit of the JPA under the Interlocal Agreement. The City
accounts for these expenditures in the Capital Projects Funds. The City does not capitalize these
capital outlay expenditures.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. LONG-TERM OBLIGATIONS
A. Bonds and loans outstanding at September 30, 2009, are comprised of the following (in thousands):
SPECIAL OBLIGATION BONDS PAYABLE FROM SPECIFIC
REVENUE SOURCES OTHER THAN AD VALOREM TAXES:
Amount 	Amount 	Remaining 	True Interest
Issued 	Outstanding 	Coupon Rates 	Cost (1)
Governmental Activities:
Excise Taxes Revenue Bonds:
Series 1993 	$ 	43,605 	$ 	7,545 	6.20-6.30% 	6.292%
* Series 1995A 	7,580 	1,735 	5.00-5.125% 	5.113%
* Series 1999A 	75,834 	1,395 	4.00-5.00% 	4.325%
Series 2001B 	46,735 	43,135 	4.25-5.125% 	5.271%
Series 2002A 	56,685 	25,320 	4.250-5.50% 	4.270%
Series 2002B 	68,475 	57,770 	3.30-5.375% 	4.576%
Series 2003A 	18,745 	17,565 	3.00-4.50% 	4.051%
* Series 2003B 	17,535 	3,280 	3.00-5.00% 	2.914%
Series 2003C (AMT) 	34,540 	32,535 	3.00-5.250% 	4.915%
* Series 2005A 	42,820 	42,820 	3.50-5.00% 	4.685%
Series 2006A 	36,540 	36,540 	3.375-5.00% 	4.559%
Series 2006B (AMT) 	9,255 	9,255 	3.625-4.00% 	4.169%
Series 2006C 	23,555 	23,555 	4.88-5.22% 	5.228%
Series 2007 	42,245 	41,295 	3.50-5.00% 	4.534%
Series 2009A 	39,585 	39,585 	2.50-5.00% 	4.399%
* Series 2009B 	18,535 	18,535 	2.50-5.00% 	3.035%
* Series 2009C 	2,275 	2,275 	2.50-5.00% 	3.281%
Local Government Sales Tax Revenue Bonds:
* Series 1996 	47,682 	2,688 	5.125% 	5.352%
Series 2001 	103,725 	81,195 	4.00-5.50% 	4.571%
Series 2002 	63,060 	47,775 	3.125-5.375% 	4.407%
Guaranteed Entitlement Revenue Bonds:
Series 2002 	115,265 	102,330 	3.50-5.375% 	5.019%
Capital Project Revenue Bonds:
* Series 2008A 	67,035 	66,711 	Variable, assumed 4.53% 	5.559%
* Series 2008B 	67,035 	66,711 	Variable, assumed 4.53% 	5.559%
Total Special Obligation Bonds Payable
from Specific Revenue Sources
other than Ad Valorem Taxes 	$ 	1,048,346 	$ 	771,550
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. LONG-TERM OBLIGATIONS (continued)
A. Bonds and loans outstanding at September 30, 2009, are comprised of the following (in thousands): (continued)
SPECIAL OBLIGATIONS BONDS PAYABLE FROM SPECIFIC REVENUE SOURCES
OTHER THAN AD VALOREM TAXES - BETTER JACKSONVILLE PLAN:
Amount 	Amount 	Remaining 	True Interest
Issued 	Outstanding 	Coupon Rates 	Cost (1)
Transportation Revenue Bonds ($152,568 authorized but unissued):
Series 2001 	$ 	179,280 	$ 	164,300 	4.10-5.50% 	4.042%
Series 2007 	100,675 	98,035 	4.00-5.00% 	4.745%
Series 2008A 	154,535 	154,535 	Variable, assumed 4.01% 	5.079%
Series 2008B 	121,740 	117,570 	Variable, assumed 4.01% 	4.089%
Sales Tax Revenue Bonds ($34,731 authorized but unissued):
* Series 2001 	163,956 	142,491 	4.10-5.50% 	5.263%
* Series 2003 	158,416 	139,632 	3.00-5.250% 	4.715%
* Series 2004 	164,200 	148,145 	2.00-5.00% 	4.345%
Series 2008 	105,470 	105,470 	4.00-5.00% 	4.626%
Special Obligation Bonds ($191,985 authorized but unissued)
Series 2009B-1A 	52,090 	52,090 	2.00-5.00% 	4.006%
Series 2009B-1B (Taxable BABs) 	55,925 	55,925 	6.259% (taxable) 	6.341%
Total Special Obligation Bonds Payable from
Specific Revenue Sources Other Than Ad Valorem
Taxes - Better Jacksonville Plan 	$ 	1,256,287 	$ 	1,178,193
NOTES PAYABLE FROM GENERAL REVENUE:
U.S. Government Guaranteed:
Series 1995 (Coach) 	$ 	3,845 	$ 	2,245 	4.32-5.19% (taxable) 	N/A
Series 1996 (Sally Beauty) 	1,065 	240 	6.70-6.88% (taxable) 	N/A
Series 1996B (Hilton Hotel) 	2,850 	1,635 	6.70-7.03% (taxable) 	N/A
Series 1997 (La Villa) 	1,700 	755 	6.70-7.08% (taxable) 	N/A
Series 1997 (HTV Associates) 	700 	95 	6.70-6.78% (taxable) 	N/A
Series 1997 (Armor Holdings) 	775 	495 	6.70-7.08% (taxable) 	N/A
Series 1997 (Hampton Inns) 	550 	325 	6.70-7.03% (taxable) 	N/A
Total Notes Payable from General Revenue 	$ 	11,485 	$ 	5,790
NOTES PAYABLE FROM BJP REVENUE:
State of Florida Infrastructure Bank ($13,279 authorized but unissued):
Series 2005 	$ 	29,942 	$ 	21,260 	2.00% 	1.901%
Series 2007 	46,779 	39,459 	2.50% 	2.456%
Total Notes Payable from BJP Revenue 	$ 	76,721 	$ 	60,719
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. LONG-TERM OBLIGATIONS (continued)
A. Bonds and loans outstanding at September 30, 2009, are comprised of the following (in thousands): (continued)
BONDS and NOTES PAYABLE FROM INTERNAL SERVICE OPERATIONS:
Special Revenue Bonds ($221,571 authorized but unissued):
Amount 	Amount 	Remaining 	True Interest
Issued 	Outstanding 	Coupon Rates 	Cost (1)
Series 2008 	$ 	54,215 	$ 	54,215 	3.50-5.625% 	4.966%
Series 2009A 	$ 	28,613 	$ 	28,613 	Variable, assumed 5.12% 	5.071%
(taxable)
Commercial Paper Notes Maturing No Later Than 270 Days after
Date of Issuance, and in No Event Later than December 31, 2034
($62,227 authorized but unissued): 	$ 	122,705 	$ 	73,815 	Variable, assumed 4.31%
Total bonds and notes payable from Internal Service Funds 	156,643
Total Governmental Activities 	$ 	2,569,759 	$ 	2,172,895
Business-Type Activities:
Excise Taxes Revenue Bonds:
* Series 1995A 	$ 	12,270 	$ 	3,100 	5.00-5.125% 	5.113%
Series 1996A 	19,965 	1,230 	4.70-5.50% 	4.993%
* Series 1999A 	56 	15 	4.00-5.00% 	4.325%
Series 1999B 	40,835 	2,465 	4.875-5.75% 	5.388%
* Series 2003B 	9,530 	3,745 	3.00-5.00% 	2.915%
* Series 2005A 	2,000 	2,000 	3.50-5.00% 	4.685%
* Series 2009B 	10,475 	10,475 	3.00-5.00% 	3.035%
* Series 2009C (AMT) 	21,455 	21,455 	3.00-5.00% 	3.281%
Local Government Sales Tax Revenue Bonds:
* Series 1996 	17,958 	1,012 	5.125% 	5.352%
Capital Project Revenue Bonds
* Series 2008A 	250 	249 	Variable, assumed 5.40% 	5.559%
* Series 2008B 	250 	249 	Variable, assumed 5.40% 	5.559%
Sales Tax Revenue Bonds
* Series 2001 	54,474 	47,329 	4.10-5.50% 	5.263%
* Series 2003 	52,634 	46,378 	3.00-5.250% 	4.715%
* Series 2004 	54,555 	49,205 	2.00-5.00% 	4.345%
Capital Improvement Revenue Bonds:
Series 1997 	8,285 	6,250 	4.80-5.250% 	5.452%
Series 1998 	37,310 	34,975 	4.30-5.00% 	5.250%
Series 2002A 	54,135 	52,475 	3.00-5.00% 	4.820%
Series 2002B 	42,170 	34,825 	3.00-5.250% 	4.820%
Series 2002C 	26,920 	24,455 	3.00-5.250% 	4.820%
Total Business-type Activities 	$ 	465,527 	$ 	341,887
* Indicates individual bond series that were issued in support of both Governmental Activities and Business-Type Activities. The par amount of bonds
allocated to the Business-Type Activities was determined prorata based on the project funded at the time of closing.
(1) True Interest Cost (TIC) is the actual cost of financing debt and refers to the overall rate of interest to be paid over the life of the bonds, factoring in
coupon interest, any premium or discounts, and the time value of money.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. LONG-TERM OBLIGATIONS (continued)
B. Debt Service Requirement to Maturity:
Debt service requirement to maturity on the city's Long-Term Obligations at
September 30, 2009, are as follows (in thousands):
General Long-Term Bonds
Bonds Payable 	Total
Fiscal Year 	Special 	From 	Other Long-Term 	Long-Term
Ending 	Special Obligation 	Obligation BJP 	Enterprise Funds 	Obligations 	Obligations
September 30 	Principal 	Interest 	Principal 	Interest 	Principal 	Interest 	Principal 	Interest 	And Interest
2010 	$ 34,115 	$ 35,155 	$ 21,434 	$ 53,333 	$ 15,743 	$ 15,953 	$ 46,830 	$ 7,289 	$ 229,852
2011 	32,861 	36,403 	23,291 	52,521 	13,125 	15,161 	24,091 	6,600 	204,053
2012 	39,538 	35,067 	36,828 	51,329 	13,704 	14,631 	19,469 	5,692 	216,258
2013 	36,503 	34,297 	25,673 	50,091 	12,962 	14,087 	17,643 	4,990 	196,246
2014 	38,471 	32,869 	28,792 	48,929 	13,575 	13,511 	14,724 	4,390 	195,261
2015- 2019 	203,058 	127,161 	189,497 	218,963 	68,885 	57,564 	59,753 	15,239 	940,120
2020- 2024 	133,044 	76,078 	193,372 	179,082 	67,999 	41,753 	27,377 	5,616 	724,321
2025- 2029 	124,383 	45,320 	365,574 	113,973 	85,193 	23,256 	5,760 	2,894 	766,353
2030- 2034 	118,337 	14,914 	265,922 	30,172 	50,691 	2,792 	7,505 	1,092 	491,425
2035- 2039 	11,240 	153 	27,810 	2,866 	10 	1 	42,080
Total Principal and
Interest 	771,550 	437,417 	1,178,193 	801,259 	341,887 	198,709 	223,152 	53,802 	4,005,969
Less: Interest to
be paid 	- 	(437,417) 	- 	(801,259) 	- 	(198,709) 	- 	(53,802) 	(1,491,187)
Totals 	$ 771,550 	$ - 	$ 1,178,193 	$ - 	$ 341,887 	$ - 	$ 223,152 	$ - 	$ 2,514,782
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. LONG-TERM OBLIGATIONS (continued)
C. Changes in Long-Term Liabilities:
Changes in long-term liabilities for the fiscal year ended September 30, 2009,
are summarized as follows (in thousands):
Balance 	Balance
October 1, 	September 30, 	Due within
2008 	Additions 	Reductions 	2009 	one year
Governmental activities:
General long-term obligations:
Special Obligation Bonds 	779,533 	60,395 	68,378 	771,550 	34,115
Special Obligation -BJP 	1,090,568 	108,015 	20,390 	1,178,193 	21,434
Other long-term obligations:
Notes Payable- General Revenue 	6,630 	- 	840 	5,790 	945
Notes Payable- BJP 	66,414 	- 	5,695 	60,719 	5,035
Debt activity reported in governmental funds 	1,943,145 	168,410 	95,303 	2,016,252 	61,529
Bonds/Notes Payable- Banking Fund
Special Revenue Bonds 	54,215 	28,613 	- 	82,828 	535
Notes Payable 	99,515 	- 	25,700 	73,815 	40,315
Debt activity reported in internal service funds 	153,730 	28,613 	25,700 	156,643 	40,850
Total governmental activities 	2,096,875 	197,023 	121,003 	2,172,895 	102,379
Deferred amounts:
Loss on Advance Refunding 	(4,449) 	(295) 	(679) 	(4,065) 	-
Issuance premiums 	20,246 	7,904 	1,865 	26,285 	-
Issuance discounts 	(3,315) 	(155) 	(3,160) 	-
Total deferred amounts 	12,482 	7,609 	1,031 	19,060 	-
Accrued Compensated Absences 	60,867 	36,443 	35,571 	61,739 	18,521
Capitalized Lease Obligations 	609 	- 	296 	313 	313
Estimated Liability for Self-
Insurance Fund Losses 	82,926 	3,806 	- 	86,732 	-
Pollution Remediation 	139,330 	14,250 	13 	153,567 	14,237
Other Post-Employment Benefits 	8,073 	6,766 	- 	14,839 	-
Miscellaneous long-term liability 	266 	1,267 	- 	1,533 	-
Governmental activity long-term obligations 	2,401,428 	267,164 	157,914 	2,510,678 	135,450
Business-type activities:
Revenue Bonds 	357,124 	31,930 	47,167 	341,887 	15,743
Less: Unamortized Discount/Premium and,
Deferred Loss on Advance Refunding 	(1,441) 	- 	(283) 	(1,158) 	-
Total Revenue Bonds, less Unamortized
Discount/Premium and, Deferred
Loss on Advance Refunding 	355,683 	31,930 	46,884 	340,729 	15,743
Accrued Compensated Absences 	693 	648 	- 	1,341 	402
Liability for Landfill Closure
and Post Closure Care 	46,943 	17,465 	740 	63,668 	7,826
Picketville Waste Site 	- 	700 	68 	632 	-
Other Post-Employment Benefits 	156 	316 	- 	472 	-
Loans Payable - Banking Fund 	- 	2,250 	- 	2,250 	-
Business-type activity long-term
liabilities 	403,475 	53,309 	47,692 	409,092 	23,971
TOTAL LONG-TERM
LIABILITIES 	2,804,903	$ 	320,473	$ 	205,606	$ 	2,919,770	$ 	159,421	$
Internal Service Funds predominantly serve the governmental funds. Accordingly, long-term liabilities of $3,668 for
compensated absences payable and $313 for capital leases are included above in the totals for governmental activities.
Compensated absences for governmental activities are generally liquidated by the general fund.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
D. Pledged Revenues:
The City has formally committed to secure certain debt issued by the City with specific future
revenues. 	A summary of those debt issues and the related pledged revenues follows. The
detailed listing of individual series by pledge source is included in Note 8A.
R ange of 	Approxim ate 	Current year 	Current year 	Principal and
rem aining 	future principal 	revenue 	principal 	interest as %
term 	and interest 	received 	and interest 	of revenue
2011 - 2034 	$691,524,550 	$119,651,685 	$46,281,545 	38.68%
1/2 C ent Sales Tax: 	2018 	$170,604,481 	$70,510,011 	$17,395,298 	24.67%
Revenues: 	2032 	$176,277,469 	$7,825,119 	$7,448,800 	95.19%
(Capital Project B onds): 	2034 	$225,870,120 	$96,687,546 	$4,261,483 	4.41%
T ransportation Sales T ax: 	2027 - 2037 	$915,275,757 	$73,825,240 	$28,548,838 	38.67%
Better Jacksonville
(Infrastructure) Sales Tax: 	2014 - 2030 	$1,183,496,636 	$63,330,499 	$55,989,494 	88.41%
Im provem ent Revenues: 	2019 - 2030 	$250,529,720 	$19,117,281 	$11,458,270 	59.94%
(Better Jacksonville)
Sports Facilities Capital
Local G overnm ent
Guaranteed Entitlem ent
JEA Charter Revenues
Excise T axes:
Excise Taxes: Bonds have been issued to fund citywide capital projects, and are supported by a
pledge against the proceeds of the Utilities Services Taxes and the Occupational License Taxes.
Local Government 1/2 Cent Sales Tax: Bonds have been issued to fund the River City
Renaissance program and various citywide capital improvements, and are supported by a pledge
against the proceeds of the local government half-cent sales tax.
Guaranteed Entitlement Revenues: Bonds have been issued to fund the construction and
renovation of various criminal justice facilities, and are supported by a pledge against the City's
"guaranteed entitlement" portion of the State's shared revenues under the Revenue Sharing Act
for counties and municipalities, which is derived from the State's i) sales and use tax and ii)
Cigarette Tax.
JEA Contribution Revenues (Capital Project Bonds): Bonds have been issued to fund
drainage and general capital programs, and are supported by a pledge against the JEA
Contribution, which is annually appropriated to the City from available Electric and Water &
Sewer revenues.
(Better Jacksonville) Transportation Sales Tax: Bonds have been issued to fund acquisition
and construction of road, bridge, drainage and other transportation projects, and are supported by
a pledge against the discretionary half-cent Transportation Sales Tax and Gas Tax.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
D. Pledged Revenues (continued)
Better Jacksonville (Infrastructure) Sales Tax: Bonds have been issued to fund the
acquisition and construction of capital projects constituting part of the Better Jacksonville Plan,
and are supported by a pledge against the discretionary half-cent Infrastructure Sales Tax.
Sports Facilities Capital Improvement Revenues: Bonds have been issued to fund renovations
to the Municipal Stadium, and are supported by a pledge against the proceeds of Franchise Fees,
15% of the Communications Services Taxes, Sports Facility Sales Tax Rebates, Convention
Development Taxes and the Sports Facilities Tourist Development Taxes.
E. New Indebtedness and Refunding Issued by the City:
On September 15, 2009, the City closed on the sale of $28,613,000 Special Revenue and
Refunding Bonds, Taxable Series 2009A with a true interest cost of 5.071% and a targeted
average coupon rate of 5.00% with a mandatory sinking schedule beginning October 1, 2010 and
a maturity date of October 1, 2014. The proceeds of the 2009A bonds were used to currently
retire a maturing portion of the City’s outstanding commercial paper ($3,000,000), to advance
refund a portion of the Commercial Paper program ($19,522,733 maturing on October 28, 2009),
and to reimburse the City’s Building Inspection Funds for leasehold capital expenditures from
prior fiscal years ($5,980,000). The issuance provided net proceeds of $28,472,733, which is
inclusive of underwriter’s discounts and costs of issuance totaling $140,267. Since both the
refunded and refunding bonds are variable rate, no economic gain or loss (based on the present
value differences of the debt service payment streams of the old and new bonds) was realized.
On September 30, 2009, the City closed on the sale of $108,015,000 Special Revenue Bonds
issued as Series 2009B-1A ($52,090,000) and Taxable Direct Payment Build America Special
Revenue Bonds Series 2009B-1B ($55,925,000). The 2009B-1A bonds have a true interest cost
of 4.006% and a targeted average coupon rate of 4.787% with a mandatory sinking schedule
beginning October 1, 2010 and a maturity date of October 1, 2025. The 2009B-1B Taxable
Direct Pay Build America Bonds have a true interest cost of 4.163% after interest rebate and a
targeted average coupon rate of 6.259% with a mandatory sinking schedule beginning October 1,
2010 and a maturity date of October 1, 2030. The proceeds of the 2009B-1A and 2009B-1B
bonds were used to fund the acquisition and construction of various capital projects constituting
a part of the Better Jacksonville Plan ($100,000,000) and to fund a Debt Service Reserve Fund
($10,746,579). 	The issuance provided net proceeds of $111,882,556, which is inclusive of
underwriter’s discounts and costs of issuance totaling $1,135,976 and a bond premium of
$3,867,556.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
E. New Indebtedness and Refunding Issued by the City: (continued)
On September 30, 2009, the City closed on the sale of $92,325,000 Excise Tax Revenue and
Refunding Bonds, Series 2009A, Series 2009B, and AMT Series 2009C with a true interest cost
of 4.399%, 2.886%, and 3.281%, respectively, and a targeted average coupon rate of 4.545%,
4.854%, and 3.861%, respectively, with a mandatory sinking schedule beginning October 1,
2010 and a maturity date of October 1, 2034. 	The proceeds of the 2009 bonds, along with
$1,278,417 in other available debt service funds, were used i) to fund the acquisition and
construction of various capital projects, ii) to refund the City’s Excise Tax Revenue Bonds
Series 1999A ($18,005,000) under Governmental Activities, and iii) to refund the City’s Excise
Tax Revenue Bonds Series 1996 ($10,475,000) and Series 1999B ($21,455,000) bonds under the
Business-Type Activities. 	The issuance provided net proceeds of $97,639,172, which was
inclusive of underwriter’s discounts and costs of issuance totaling $877,113 and a bond premium
of $4,035,754. 	As a result of the refunding, an economic gain was realized (the difference
between the net present values of the old and new debt service payments) of 	$927,423, or
8.854%, on the refunded Series 1996 bonds, $1,449,466.26, or 8.050%, on the refunded Series
1999A bonds, and $1,474,743.35, or 6.874%, on the refunded Series 1999B bonds.
F. 	Demand Bonds Issued by the City:
Each series of demand bonds listed below meets the criteria for inclusion as long term debt of the
City.
$154,535,000 Transportation Revenue Bonds, Series 2008A:
Bond Terms: The Series 2008A Transportation Bonds (the Bonds) are uninsured variable rate
demand bonds which mature and are remarketed every seven days at a reset interest rate.
Liquidity Agreement Terms: Liquidity for the Bonds is provided by a Standby Bond Purchase
Agreement (the Agreement) with JPMorgan Chase Bank (the Bank) dated April 1, 2008 and
expiring April 10, 2012.
Terms of take out: The Agreement contains a mandatory purchase provision requiring the Bank
to purchase the Bonds if the Agreement is not replaced or renewed by the expiration date. If the
Bonds were to be purchased by the Bank, then the City would be required to amortize the balance
of the Bonds over 12 equal quarterly installments beginning 180 days after the date of purchase.
The City intends to replace or renew this Agreement prior to the current expiration date.
As of September 30, 2009 the Bank was not holding any of the Bonds pending remarketing.
$121,740,000 Transportation Revenue Bonds, Series 2008B:
Bond Terms: The Series 2008B Transportation Bonds (the Bonds) are uninsured variable rate
demand bonds which mature and are remarketed every seven days at a reset interest rate.
Liquidity Agreement Terms: 	Liquidity for the Bonds is provided by a Letter of Credit and
Reimbursement Agreement (the Agreement) with Wachovia Bank (the Bank) dated May 1, 2009
and expiring May 1, 2010.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
F. 	Demand Bonds Issued by the City: (continued)
Terms of take out: The Agreement contains a mandatory purchase provision requiring the Bank
to purchase the Bonds if the Agreement is not replaced or renewed by the expiration date. If
either i) the Bonds were to be purchased by the Bank or ii) the Bank extends an advance to the
City under the Letter of Credit, then the City would be required to amortize the balance of the
Bonds over 10 equal semi-annual installments beginning 6 months after the date of purchase or
advance.
The City intends to replace or renew this agreement prior to the expiration date.
As of September 30, 2009, there were no advances outstanding or bank bonds held under this
Agreement.
$67,285,000 Capital Projects Bonds, Series 2008A:
Bond Terms: The Series 2008A Capital Projects Bonds (the Bonds) are uninsured variable rate
demand bonds which mature and are remarketed every seven days at a reset interest rate.
Liquidity Agreement Terms: 	Liquidity for the Bonds is provided by a Letter of Credit and
Reimbursement Agreement (the Agreement) with the Bank of America (the Bank) dated July 1,
2008 and expiring July 15, 2011.
Terms of take out: The Agreement contains a mandatory purchase provision requiring the Bank
to purchase the Bonds if the Agreement is not replaced or renewed by the expiration date. If
either i) the Bonds were to be purchased by the Bank or ii) the Bank extends an advance to the
City under the Letter of Credit, then the City would be required to amortize the balance of the
Bonds over 10 equal semi-annual installments beginning 6 months after the date of purchase or
advance.
As of September 30, 2009, there were no advances outstanding or bank bonds held under this
Agreement.
$67,285,000 Capital Projects Bonds, Series 2008B:
Bond Terms: The Series 2008A Capital Projects Bonds (the Bonds) are uninsured variable rate
demand bonds which mature and are remarketed every seven days at a reset interest rate.
Liquidity Agreement Terms: 	Liquidity for the Bonds is provided by a Letter of Credit and
Reimbursement Agreement (the Agreement) with SunTrust Bank (the Bank) dated July 1, 2008
and expiring July 15, 2011.
Terms of take out: The Agreement contains a mandatory purchase provision requiring the Bank
to purchase the Bonds if the Agreement is not replaced or renewed by the expiration date. If
either i) the Bonds were to be purchased by the Bank or ii) the Bank extends an advance to the
City under the Letter of Credit, then the City would be required to amortize the balance of the
Bonds over 10 equal semi-annual installments beginning 6 months after the date of purchase or
advance.
As of September 30, 2009, there were no advances outstanding or bank bonds held under this
Agreement.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
G. Non-asset debt: The city has issued debt for the benefit of its component units or other public
use entities where the asset acquired or constructed will not be owned by the primary
government. 	An expense is recorded by the city instead of a capital asset on the city-wide
statements, while the debt remains as a liability of the city. The following is a listing of the
outstanding debt in the Governmental Activities that was issued for non-asset backed debt:
Excise Taxes Bonds 	Entity or Purpose 	Amount
Series 1993 	Jacksonville Port Authority 	$ 	7,545,140
Series 2001B 	Economic Development 	43,135,000
Series 2002B 	Shands Jacksonville Medical Center 	57,770,000
Series 2003C (AMT) Jacksonville Port Authority 	32,535,000
Better Jacksonville Plan (BJP) Transportation Bonds
Series 2007 	Jacksonville Transportation Authority (JTA)
road projects 	98,035,000
Series 2008 	Refund Series 2003 and 2004 bonds that
Refund the State of FL Bonds for JTA 	117,570,000
BJP State Infrastructure Bank Loan
Loan #1 	JTA road projects 	21,260,447
Loan #2 	JTA road projects 	39,458,379
Other Bond Issues
Various 	Misc. projects - BJP 	162,366,000
Various 	Misc. projects – other 	53,390,120
Banking Fund Financed Projects
Various 	Misc. projects – other 	947,000
TOTAL 	$ 	634,012,086
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
H. Defeased Debt:
The city has defeased certain serial bonds by placing the proceeds of new bonds in an irrevocable
trust to provide for all future debt service payments on the old bonds. Accordingly, the trust
account assets and the liability for the defeased bonds are not included in the city’s financial
statements.
As of September 30, 2009, the city had legally defeased the following bond maturities (in
thousands):
ISSUE 	REFUNDED BY
PRINCIPAL
BALANCE AT
SEPTEMBER 30, 2009
INVESTMENT BALANCE
WITH ESCROW AGENT AT
SEPTEMBER 30, 2009 (a)
Special Obligation Bonds payable from Specific
Revenue Sources Other Than Ad Valorem Taxes:
Sales Tax Revenue Bonds,
Series 1996 (RCR)
Cash Refunded on
October 10, 2002 	$14,535 	$15,733
Excise Taxes Revenue
Refunding and Capital
Improvement Bonds, Series
1999A
Excise Taxes
Revenue Refunding
Bonds, Series 2009B 	$18,005 	$18,594
Excise Taxes Revenue
Bonds, Series 2001A
Cash Refunded on
August 31, 2009 	$8,395 	$8,605
Excise Taxes Revenue
Refunding Bonds, Series
1996A
Excise Taxes
Revenue Refunding
Bonds, Series 2009B 	$10,475 	$10,784
Excise Taxes Revenue
Refunding and Capital
Improvement Bonds, Series
1999B
Excise Taxes
Revenue Refunding
Bonds, Series 2009C 	$21,455 	$22,375
(a) Source: Escrow Agent’s Records
Bonds Payable from Enterprise Funds:
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
I. 	Lease Obligations: (continued)
At September 30, 2009, the city has one capital lease agreement in place. The lease meets the
criteria of a capital lease as defined by FASB Statement No. 13, Accounting for Leases, which
defines a capital lease generally as one which transfers benefits and risks of ownership to the
lessee. The lease agreement contains options that allow the City to cancel the leases if sufficient
funds are not appropriated. Since cancellation of the leases is not foreseen, the lease has been
capitalized. Further, upon satisfaction of the lease obligations, asset title will pass to the City.
The City has copy equipment which was acquired through a capital lease (recorded in the Copy
Center Internal Service Fund). Depreciation of the items acquired through this capital lease was
$769 thousand in fiscal year 2009 and was included in depreciation expense of capital assets.
The assets acquired through capital leases are as follows (in thousands):
Internal Service Fund
Copy Center
Asset:
Furniture and Equipment
Less: Accumulated Depreciation
$1,154
(769)
Total 	$385
The future minimum lease obligations as of September 30, 2009, were as follows (in thousands):
Fiscal Year Ending September 30, 	General Fund
2010 	$ 323
Total minimum lease payments 	$ 323
Less: Amount representing interest 	(10)
Present value of minimum lease
Payments
$ 313
Classified as:
Current 	$313
Non-current 	-
Total 	$313
The City does not have any material operating leases.
J. 	Conduit Debt:
The City issued certain conduit debt in the form of industrial development revenue bonds (IDB's)
and private activity bonds (PAB's) to provide financial assistance to private-sector entities for the
acquisition and construction of industrial and commercial facilities deemed to be in the public
interest. 	Conduit debt refers to certain limited-obligation revenue bonds or similar debt
instruments issued by the City for the express purpose of providing capital financing for a specific
nongovernmental third party. Although conduit debt bears the name of the City as issuer, it is
collateralized by the resources provided by the loan with the third party on whose behalf they are
issued. The City acts solely as a conduit issuer with respect to the debt.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
J. 	Conduit Debt: (continued)
Conduit debt is collateralized by the property financed and is payable solely from payments
received on the underlying mortgage loans. Upon repayment of the IDB's and PAB's, ownership
of the acquired facilities transfers to the private-sector entity serving the bond issue. None of the
assets or revenues of the City are pledged to the payment of IDB's or PAB's and under the
constitution and laws of Florida, the City may not legally pledge any of its revenues or assets to
the payment thereof. Neither the City nor the State, or any political subdivision thereof, are
obligated in any manner for repayment of the bonds. Accordingly, the bonds are not reported as
liabilities in the accompanying financial statements.
Effective January 1, 1983, the City pursuant to Chapter 159, Florida Statutes, assumed
responsibility for approving applications for IDB's and PAB's. As of September 30, 2009, the
City had authorized $2,034,577,469 in IDB's and PAB's, of which $1,648,563,523 have been
issued. From time to time, certain issues of such conduit debt may be in default or under
investigation as to tax-exempt status of interest on such debt, however, this has no effect on the
City's financial position.
As of September 30, 2009, the City has authorized a total of $776,236,000 Jacksonville Housing
Finance Authority (JHoFA), formerly Duval County Housing Finance Authority (DCHFA),
Single Family and Multi-Family Bonds, of which $541,721,142 have been issued. The amount
of Single Family Housing Revenue Bonds authorized and issued are $513,290,000 and
$363,166,142, respectively, with a total amount outstanding of $40,882,663. The amount of
Multi-Family Housing Bonds authorized and issued is $262,946,000 and $178,555,000,
respectively, with a total amount outstanding of $78,625,000. There were $73,500,000 Multi-
Family Housing Revenue Bonds authorized but unissued during the fiscal year ended 2009. The
amount of Multi-Family Housing Bonds both authorized and issued during the fiscal year ended
2009 is $73,500,000 and $0, respectively. Refundings of previous issues make up $88,120,000
of the total amount authorized, $87,875,000 of the total amount issued, and $28,267,663 of the
total amount outstanding.
As of September 30, 2009, the City has authorized $907,415,000 of Jacksonville Health
Facilities Authority (JHFA) Bonds, of which $861,096,184 have been issued. During 2009, the
Jacksonville Health Facilities Authority issued $ 30,000,000 of revenue bonds on behalf of
Baptist Medical Center.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
K. Interest Rate Swaps with Better Jacksonville Plan:
On July 1, 2003, the City of Jacksonville entered into a 17-year floating receiver swap with
Wachovia Bank rated A+. 	The notional amount of the swap as of September 30, 2009 was
$40,365,000 and has a termination date of October 1, 2020. 	There were no payments at the
initiation of the swap. The City receives a floating rate of the BMA Index and pays a fixed rate of
4.01%, which could result in a basis risk if there are changes in the tax laws. The City receives
payments monthly and makes payments semi-annually. The swap is related to the $47,775,000
Transportation Revenue Bonds, Series 2003 (Auction Rate Securities), which, together with the
$80,275,000 Transportation Revenue Bonds, Series 2004A (with a swap notional amount of
$76,300,000), has been refunded by the $121,740,000 Transportation Revenue Bonds, Series
2008B. The swap was structured as an integrated hedge with the same amortization as the bonds,
which resulted in synthetic fixed rate debt. 	For purposes of credit, the swap is secured by a
pledge on the City’s transportation sales tax and constitutional gas tax with a lien on parity to the
bonds. The counterparty does not have the right to terminate this transaction unless a termination
event occurs. The City retains the right to terminate this swap agreement at any time.
As of September 30, 2009, the underlying swap had a fair value of $(4,276,665). This fair value
was obtained by the counter-parties’ mark-to-market reports submitted to the City. The threshold
for posting collateral is when the market value of the swap exceeds $(25 million); which then
requires the City to post an amount of collateral equal to the residual exposure. Collateral is in
the form of cash. A lower credit rating will also increase the amount of collateral required.
On September 30, 2004, the City of Jacksonville entered into a 23-year floating-to-fixed interest
rate swap with Wachovia Bank rated Aa2/A+. The notional amount of the swap as of September
30, 2009 was $76,300,000 and has a termination date of October 1, 2027. 	There were no
payments at the initiation of the swap. 	The City pays Wachovia a fixed rate of 3.455% and
receives floating based on 67% of 1-month LIBOR, which could result in a basis risk if there are
changes in the tax laws. The swap is related to the $80,275,000 Transportation Revenue Bonds,
Series 2004A (Auction Rate Securities), which, together with the $47,775,000 Transportation
Revenue Bonds, Series 2003 (with a swap notional amount of $40,365,000), has been refunded by
the $121,740,000 Transportation Revenue Bonds, Series 2008B. The swap was structured as an
integrated hedge with the same amortization as the bonds, which resulted in synthetic fixed rate
debt. For purposes of credit, the swap is secured by a pledge on the City’s transportation sales tax
and constitutional gas tax with a lien on parity to the bonds. The counterparty does not have the
right to terminate this transaction unless a termination event occurs. The City retains the right to
terminate this swap agreement at any time.
As of September 30, 2009, the underlying swap had a fair value of $(8,383,232). This fair value
was obtained by the counter-parties’ mark-to-market reports submitted to the City. The threshold
for posting collateral is when the market value of the swap exceeds $(25 million); which then
requires the City to post an amount of collateral equal to the residual exposure. Collateral is in
the form of cash. A lower credit rating will also increase the amount of collateral required.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
K. Interest Rate Swaps with Better Jacksonville Plan: (continued)
As of September 30, 2009, the City was not exposed to credit risk (the risk of economic loss due to a
counterparty default on the swap agreements) because each had a negative fair value. However,
should interest rates change and the fair values of the swaps become positive, the City would then be
exposed to credit risk in the amount of the swap’s fair value.
As of September 30, 2009, the swaps expose the City to basis risk (the risk of loss due to the
mismatch in interest-earning assets and interest-incurring liabilities). The agreement dated July 1,
2003 calls for the City to pay a fixed rate and receive a variable payment based on the BMA index. If
the fixed rate is greater than the rates on the BMA index the City will be liable for the difference. The
agreement dated September 30, 2004 calls for the City to pay a fixed rate and receive a variable
payment based on the one month LIBOR. If the fixed rate is greater than the rates on the LIBOR
index, the City will be liable for the difference.
As of September 30, 2009, the swaps expose the City to market risk (the risk of loss due to the pricing
of the swap under the current economic environment) because each swap currently has a negative fair
value. If the swaps were to be terminated under the current economic conditions, the City would be
liable to the counterparty for a make-whole payment in the amount equal to the negative fair value.
Fiscal Year
Ending 9/30 	Principal 	Interest 	Total 	Fixed 	Variable 	Net
2010 	4,475	$ 	400	$ 	4,875	$ 	4,090	$ 	258	$ 	4,348	$
2011 	4,535 	385 	4,920 	3,918 	247 	4,165
2012 	5,160 	369 	5,529 	3,740 	236 	3,976
2013 	4,680 	352 	5,032 	3,555 	224 	3,779
2014 	5,615 	336 	5,951 	3,349 	210 	3,559
2015-2019 	38,840 	1,353 	40,193 	12,781 	783 	13,564
2020-2024 	32,945 	1,221 	34,166 	5,373 	673 	6,046
2025-2029 	21,320 	1,077 	22,397 	1,112 	552 	1,664
$117,570 	$5,493 	$123,063 	$37,918 	$3,183 	$41,101
The actual rates as of September 30, 2010 for the bond and swaps as of fical year end were as follows:
City of Jacksonville $47,775,000 Transportation Revenue Bonds, Series 2003 (refunded by the Series 2008B bonds):
The 7-day variable rate reset was 0.340%
The BMA rate for swap receipts was 0.329%
City of Jacksonville $80,275,000 Transportation Revenue Refunding Bonds, Series 2004A (refunded by the Series 2008B bonds):
The 7-day variable rate reset was 0.340%
The 67% of LIBOR rate for swap receipts was 0.175%
Swap Payments and Associated Debt
Using rates as of September 30, 2010, the debt service requirements for the City's hedged variable-rate bon
current interest rates remain the same for their term, were as follows (in thousands):
Variable-Rate Bonds 	Swap Interest Payments
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
L. Interest Expense:
Total interest expense for the fiscal year ended September 30, 2009 was $94.3 million for
governmental activities and $8.3 million for business-type activities.
M. JEA - Long-Term Debt:
The Electric System, Bulk Power Supply System, SJRPP System, Water and Sewer System and
District Energy System (DES) revenue bonds (JEA Revenue Bonds) are each governed by one or
more bond resolutions. The Electric System bonds are governed by both a senior and a
subordinated bond resolution; the Bulk Power Supply System bonds are governed by a single
bond resolution; the Water and Sewer System bonds are governed by both a senior and a
subordinated bond resolution; the SJRPP System bonds are governed by the First and Second
Power Park Resolutions; and the DES bonds are governed by a single bond resolution. In
accordance with the bond resolutions of each system, principal and interest on the bonds are
payable from and secured by a pledge of the net revenues of the respective system. In general,
the bond resolutions require JEA to make monthly deposits into the separate debt service sinking
funds for each System in an amount equal to approximately one-twelfth of the aggregate amount
of principal and interest due and payable on the bonds within the bond year. Interest on the fixed
rate bonds, other than the SJRPP capital appreciation bonds, is payable semiannually on April 1
and October 1 and principal is payable on October 1.
In accordance with the requirements of the SJRPP First Power Park resolution and the
Agreement for Joint Ownership and Construction and Operation of St. Johns River Power Park
Coal Units #1 and #2 between JEA and FPL, FPL is responsible for paying its share of the debt
service on bonds issued under the First Power Park Resolution. The various bond resolutions
provide for certain other covenants, the most significant of which (1) requires JEA to establish
rates for each system such that net revenues with respect to that system is sufficient to exceed
(by a certain percentage) the debt service for that system during the fiscal year and any
additional amount required to make all reserve or other payments required to be made in such
fiscal year by resolution of that system, and (2) restricts JEA from issuing additional parity
bonds unless certain conditions are met.
The following JEA long-term debt presentation contains highly summarized data. 	A more
detailed debt presentation is available in JEA’s separately issued financial report, which may be
obtained from its administrative office in the JEA Plaza at 21 West Church Street, Jacksonville,
Florida 32202.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
M. JEA - Long-Term Debt: (continued)
Long-term bonded debt activity for the year ended September 30, 2009 was as follows (in thousands):
Accretion of
SJRPP Issue
Par Amount of 	Scheduled 	2 Series 7 	Bonds 	Current
Bonds Payable
September 30,
2008
Par Amount of
Bonds Issued
Bonds Refunded
or Defeased
Bond Principal
Payments
Capital
Appreciation
Bonds
Payable
September 30,
2009
Portion
September 30,
2009
Electric System 	$ 	2,834,164 	$ 	514,115 $ 	(392,685) $ 	(52,068) 	$ 	- 	$ 	2,903,526 	$ 	46,755
Bulk Power Supply 	- 	77,945 	- 	- 	- 	77,945 	-
SJRPP System 	1,337,730 	64,305 	- 	(95,500) 	2,528 	1,309,063 	100,205
Water and Sewer System 	1,939,221 	130,168 	(89,420) 	(23,200) 	- 	1,956,769 	27,442
District Energy System 	47,800 	- 	- 	- 	- 	47,800
Total 	$ 	6,158,915 	$ 	786,533 $ 	(482,105) $ 	(170,768) $ 	2,528 	$ 	6,295,103 	$ 	174,402
-
N. 	JAA - Long-Term Indebtedness:
A summary of noncurrent liability activity for the year ended September 30, 2009 was as
follows (in thousands): Beginning
Balance 	Increases 	Decreases
Ending
Balance
Due within
one year
Revenue bonds
Revenue refunding bonds
Revenue notes
$ 127,375
57,355
41,490
$ 	-
-
-
$ 2,000
4,795
540
$ 125,375
52,560
40,950
$ 	2,055
4,985
1,965
Total 	226,220 	- 	7,335 	218,885 	$ 9,005
Unamortized deferred loss on bond
refunding
Unamortized bond discount
Unamortized bond premium
(10,211)
(56)
6,122
-
-
-
863
3
(509)
(9,348)
(53)
5,613
Total bonds and notes payable 	$ 222,075 	- 	$ 7,692 	$ 215,097
The above JAA long-term debt presentation contains highly summarized select data. A more
detailed debt presentation is available in JAA’s separately issued financial report, which may be
obtained by contacting the JAA Chief Financial Officer at P.O. Box 18018, Jacksonville, Florida
32229-0018.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
8. 	LONG-TERM OBLIGATIONS (continued)
O. 	JPA - Long-Term Debt, Capital Leases and Other Noncurrent Liabilities:
A summary of noncurrent liability activity for the year ended September 30, 2009 was as follows
(in thousands): Amounts
Beginning 	Ending 	Due within
Balance 	Additions 	Reductions 	Balance 	one year
Bonds payable, notes payable and 	capital leases:
Revenue bonds 	$ 	108,130 	$ 	- $ 	(1,190) 	$ 	106,940 	$ 	-
Revenue refunding bonds 	53,295 	- 	(1,715) 	51,580 	3,960
Commercial Paper 	77,000 	- 	(77,000) 	- 	-
State Infrastructure Bank Loan 	45,100 	- 	(3,650) 	41,450 	3,657
Unamortized original issue
discounts, premiums, and
amounts deferred on refunding 	(1,340) 	- 	285 	(1,055) 	-
Total bonds and notes payable 	282,185 	- 	(83,270) 	198,915 	7,617
Liability for pollution remediation 	1,568 	- 	- 	1,568 	-
Capital Leases 	6,242 	- 	(964) 	5,278 	1,001
Compensated Absences & other 	1,298 	576 	(496) 	1,378 	396
Line of Credit 	- 	35,295 	- 	35,295 	-
$ 	291,293 	$ 	35,871 $ 	(84,730) 	$ 	242,434 	$ 	9,014
The above JPA long-term debt presentation contains highly summarized select data. A more
detailed debt presentation is available in JPA’s separately issued financial report, which may be
obtained from its administrative office at 2831 Tallyrand Avenue, Jacksonville, Florida 32206.
P. JTA – Long-Term Debt:
Accrued compensated absences at September 30, 2009 consisted of the following (in thousands):
Additions 	Reductions
Governmental
Activities:
Compensated absences 	$ 	308 	$ 	190 	$ 	(34) 	$ 	464 	$ 	157
Business-type
Activities:
Compensated absences 	$ 	813 	$ 	1,733 	$ 	(1,342) 	$ 	1,204 	$ 	145
Due Within
One Year
Ending
Balance
Beginning
Balance
The above JTA long-term debt presentation contains highly summarized select data. A more
detailed debt presentation is available in JTA’s separately issued financial report which may be
obtained from its administrative office at 100 North Myrtle Avenue, Jacksonville, Florida 32203.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
9. 	PENSION PLANS
The City sponsors two employer public employee retirement systems (PERS), administered by two
separate and distinct pension boards of trustees, that provide retirement, death and disability
benefits: the City of Jacksonville Retirement System and the Police and Fire Pension Plan.
Substantially all employees of the City participate in one of these two plans. In addition, less than
1% of City employees participate in the State of Florida Retirement System.
The City of Jacksonville Retirement System, as amended, encompasses the Corrections Officers
Retirement Plan which was established by the Laws of Florida 2004-411, and covers all certified
Corrections Officers. Currently, both the General Employees Retirement Plan and the Corrections
Officers Retirement Plan have the same benefits. Both are governed by the same board.
Under both the City of Jacksonville Retirement System and Police and Fire Pension Plans, the State
of Florida requires plan contributions be made based upon an actuarial valuation and any
contribution shortfalls are the responsibility of the City to fund. The projection of benefits for
financial reporting purposes does not explicitly incorporate the potential effects of legal or
contractual funding limitations.
The City of Jacksonville Retirement System and Police and Fire Pension Plan are considered to be a
part of the City’s financial reporting entity, as discussed in Note 1.B. Effective for the fiscal year
ending September 30, 1997, these PERS adopted GASB Statement No. 25, Financial Reporting for
Defined Benefit Pension Plans, intended to provide information needed to assess (1) funding status
of a PERS on a long-term, going-concern basis; (2) progress made in accumulating sufficient assets
to pay benefits when due; and (3) whether employers are making actuarially determined
contributions. These PERS also follow GASB Statement No. 27, Accounting for Pensions by State
and Local Governmental Employers, which require measurement and disclosure of an amount for
annual pension cost on the accrual basis of accounting, regardless of the amount recognized as
pension expenditures.
A. Summary of Significant Accounting Policies:
(1) Basis of Accounting -The City's pension trust financial statements are prepared using the
accrual basis of accounting. Plan member contributions are recognized in the period in which
the contributions are due. Employer contributions to each plan are recognized when due and
the employer has made a formal commitment to provide the contributions. Benefits and
refunds are recognized when due and payable in accordance with the terms of each plan.
(2) Method Used to Value Investments - Investments are reported at fair value. Short-term
investments are reported at cost, which approximates fair value. Securities, traded on a
national or international exchange, are valued at the last reported sales price at current
exchange rates. The fair value of real estate investments is based on independent appraisals
or estimates of fair value as provided by third party fund managers. Investments that do not
have an established market are reported at estimated fair value as provided by third party
fund managers.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
9. 	PENSION PLANS (continued)
B. City of Jacksonville Retirement System:
(1) Plan Description - The City of Jacksonville Retirement System is a cost-sharing, multiple-
employer contributory defined benefit pension plan. All full-time City employees, the
employees of JEA and the employees of JHA are eligible to participate in the General
Employees Retirement Plan upon employment. All certified Corrections Officers employed
by the City are eligible to participate in the Corrections Officers Retirement Plan upon
employment. There are no separately issued financial statements for the City of Jacksonville
Retirement System. The system is administered by a seven-member board of Trustees that
makes recommendations to the City Council. 	The City Council is responsible for
establishing or amending the pension plan provisions.
The payroll for members covered by the system was $ 303.9 million during the 2009 fiscal
year, consisting of $175.6 million City of Jacksonville payroll, $124.4 million JEA payroll
and $3.9 million JHA payroll. 	The total 2009 payroll was $426.9 million for the City,
$140.5 million for the JEA, $9.1 million for JPA, $12.7 million for JAA and $8.5 million for
JHA, for a total of $597.7 million.
The City of Jacksonville Retirement System provides for retirement, survivor, death and
disability benefits. Under normal retirement provisions, a member may retire after reaching
the age of 55 with 20 years of credited service or at age 65 with five years or more of
credited service. The requirements for early retirement are: (1) when an employee reaches
age 50 and has 20 years of service, reduced 1/2% per month for retirement prior to age 55;
(2) any age after 25 years of service adjusted to a benefit accrual rate of 2% per year; and (3)
any age after 30 years of creditable service at an unreduced rate of 2 1/2% per year.
Benefits vest after five years of credited service equal to 2 1/2% of a member's average
earnings for each year of credited service up to 32 years with a maximum of 80%. Average
earnings is the average monthly salary or wages for the highest 36 months of employment
within the ten years preceding retirement. The regular benefit is increased by 3% on the
April 1 nearest the fifth anniversary of the initial benefit commencement date, and on each
April 1 thereafter. A monthly supplement is payable equal to 5 times the number of years of
creditable service to subsidize retiree's health insurance. However, only that portion of the
increase in excess of the supplement is payable. Members who terminate covered
employment with less than five years of credited service shall be paid a refund of 100% of
their contributions to the Plan. All members of the City of Jacksonville Retirement System
are required to contribute 8% of their earnings actuarially determined and required by City
Ordinance effective October 1, 1993. There is no mandatory retirement age.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
9. 	PENSION PLANS (continued)
B. City of Jacksonville Retirement System: (continued)
At October 1, 2008, the most recent census data reported by the actuary, Plan's membership
consisted of:
Retirees and beneficiaries currently receiving benefits
and terminated employees with future benefits 	General
Employee
Corrections
Officer 	Total
Retired 	4,534 	88 	4,622
Current employees:
Vested 	3,523 	449 	3,972
Nonvested 	1,628 	104 	1,732
Total Current Employees 	5,151 	553 	5,704
Total Membership 	9,685 	641 	10,326
(2) Contributions - The City's funding policy provides for contributions at actuarially determined
rates that, expressed as percentages of annual covered payroll, are adequate to accumulate
sufficient assets to pay benefits when due. Level percentages of payroll employer
contribution rates are determined using the "entry age" actuarial cost method. Under this
method, the cost of each member's projected retirement benefit is funded through a series of
payments, determined as a level percentage of each year's earnings, from age at hire to
assumed exit age.
The level-percentage-of-payroll method is also used to amortize the unfunded liability and
changes in Plan provisions, actuarial assumptions and gains and losses over a period of 30
years. If the Plan is in a surplus position, the surplus is recognized as an amortization credit
in a level dollar amount over ten years. The amortization period is closed.
City contribution requirements are, as part of the funding policy, met through two sources;
cash payments from the City, and allocations from the Past Excess Contribution account,
maintained as part of the pension fund in accordance with State requirements to track prior
payments made in excess of the actuarially required amounts. Contributions during fiscal
year 2009 totaled $58.2 million. The City contributed $33.2 million in cash with no
allocation from the past excess contribution account. Employees paid $25.0 million.
Contributions during fiscal 2008 and 2007 were $57.0 million and $54.5 million,
respectively. These contributions were made in accordance with contribution requirements
determined through an actuarial valuation performed February, 2009. The actuarial methods
used for this purpose are the same as those used in determining funding progress.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
9. 	PENSION PLANS (continued)
B. City of Jacksonville Retirement System: (continued)
(3) Trend Information - Trend information gives an indication of whether the actuarial value of
plan assets is increasing or decreasing over time in relation to the actuarial accrued liability
for benefits. Nine-year historical trend information is presented on a year-by-year basis and
is included in the accompanying required supplemental information. 	The Schedule of
Funding Progress – Actuarial Assumptions for this pension plan are as follows:
(4) Annual Pension costs and Contributions – The fund had annual pension costs of $34.6
million for the fiscal year ended September 30, 2009 which was equal to the actual and
required contributions. Three-year trend information is as follows:
(in thousands) 	Annual 	Net Pension
Pension 	Percentage 	Obligation
Valuation Date 	Cost 	Contributed 	(Asset)
General Employees Pension Plan
9/30/2007 	29,297 	101% 	(284) 	77.3%
9/30/2008 	29,371 	100% 	(117) 	126.1%
9/30/2009 	29,491 	100% 	(156) 	171.6%
Corrections Officers Plan
9/30/2007 	1,830 	136% 	(652) 	142.1%
9/30/2008 	4,329 	100% 	(21) 	208.0%
9/30/2009 	5,268 	100% 	146 	342.3%
Unfunded
Actuarial Liability
% of Covered Payroll
Actuarial Accrued Liability - Present values are determined under the Individual Entry Age Actuarial
Cost Method.
Investment rate of return 	8.4%
Projected salary increases 	4.0% to 7.5%
Includes inflation at: 	3.5%
Cost-of-living adjustments 	3.00% and Def. 5yrs.
Amortization method 	Level percent open
Remaining amortization period 	24 to 30 years
Asset value method 	5 year smoothing
Actuarial value of assets – General Employees 	$1,591,345
Actuarial value of assets – Corrections 	$ 	86,358
Actuarial Accrued Liability – General Employees 	$2,065,464
Actuarial Accrued Liability – Corrections 	$ 181,031
Unfunded Actuarial Liability – General Employees 	$ 474,119
Unfunded Actuarial Liability – Corrections 	$ 	94,673
Funded Ratio – General Employees 	77.05%
Funded Ratio – Corrections 	47.70%
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
9. 	PENSION PLANS
B. City of Jacksonville Retirement System: (continued)
(5) The Statement of Fiduciary Net Assets – Jacksonville Retirement System - General
Employees and Corrections Officers Plan for the year ended September 30, 2009 is as
follows (in thousands):
ASSETS
Equity in cash and investments.................................................. 	$ 	28,747
Receivables
Interest and dividends.......................................................... 	4,130
Accounts.............................................................................. 	-
Total receivables............................................................. 	4,130
Investments, at fair value:
U.S. Government obligations............................................... 	43,993
Federal Agencies..................................................................... 	117,271
Domestic corporate bonds.................................................... 	263,305
Short-Term Investments.......................................................... 	37,319
Domestic stocks................................................................... 	543,579
International stocks.............................................................. 	231,400
Real Estate............................................................................... 	82,855
Other Fixed Income................................................................. 	60,509
Alternative Investments........................................................ 	43,556
Total investments............................................................ 	1,423,787
Capital assets:
Other capital assets, net of depreciation............................... 	5
Net capital assets............................................................. 	5
Securities Lending Collateral..................................................... 	103,599
TOTAL ASSETS..................................................................... 	1,560,268
LIABILITIES
Obligations Under Securities Lending Agreement.............. 	105,108
Accounts payable and accrued liabilities............................ 	6,522
Accrued Compensated Absences............................................ 	70
Due to Drop Participants.................................................... 	5,023
TOTAL LIABILITIES.......................................................... 	116,723
NET ASSETS HELD IN TRUST FOR
PENSION BENEFITS................................................. 	$ 1,443,545
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
9. 	PENSION PLANS
B. City of Jacksonville Retirement System: (continued)
(6) The Statement of Changes in Fiduciary Net Assets – Jacksonville Retirement
System for the year ended September 30, 2009 is as follows (in thousands):
ADDITIONS
Contributions:
Employer............................................................................... 	$ 	32,765
Plan Member......................................................................... 	25,018
Total contributions........................................................... 	57,783
Other additions:
Miscellaneous.................................................................. 	467
Transfer In........................................................................ 	-
Investment income:
Net appreciation (depreciation) 	-
in fair value of investments
Interest, dividends, and Securities Lending..................... 	(3,239)
TOTAL ADDITIONS............................................................... 	55,011
DEDUCTIONS
Benefits payments...................................................................... 	114,989
DROP Benefits............................................................................... 	2,749
Refunds of contributions............................................................ 	7,811
Administrative expenses............................................................. 	1,121
TOTAL DEDUCTIONS........................................................... 	126,670
Net change in net assets........................................................ 	(71,659)
NET ASSETS, BEGINNING OF YEAR................................ 	1,515,204
NET ASSETS, END OF YEAR............................................... 	$ 1,443,545
C. Police and Fire Pension Plan:
(1) Plan Description - The Police and Fire Pension Plan (the “Plan”) is a single-employer
contributory defined benefit pension plan covering all full-time civil-service members of the
City of Jacksonville’s Sheriff’s Office and Fire and Rescue Departments. The Plan is
administered solely by a five-member board of trustees. There are separately-issued financial
statements for the Police and Fire Pension Plan. The City’s payroll for members covered by
the Plan was $156 million during the fiscal year, excluding DROP participants. The Plan, as
amended effective April 1, 2001, provides, in general, a 3% annual rate of accrual for
retirement benefits after 20 years of credited membership, regardless of age, with a minimum
benefit of 60% of the average salary received for the 52 pay periods immediately preceding
retirement. An additional 2% for each completed year over 20 up to a maximum of 80% may
be earned. 	There is no mandatory retirement age. Effective April 1, 2000, the Fund
provides for a cost of living increase to pensioners and their beneficiaries of 3% per annum.
Pension benefits vest after a minimum of five years of membership. Benefits are computed
based on average salary for the 52 pay periods immediately preceding vesting multiplied by
3% times the number of credited years of service. Employees, in this category, may
alternatively select a 100% payout of member contributions to the Plan without interest,
upon withdrawal from the Plan.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
9. 	PENSION PLANS (continued)
C. Police and Fire Pension Plan: (continued)
At September 30, 2009, the Plan's membership consisted of:
Retirees and beneficiaries currently receiving benefits 	1,926
Deferred Retirement Option Program (DROP) Participants
Terminated Employees entitled to benefits but not yet receiving them
314
38
Active plan members 	2,583
Total membership 	4,861
(2) The City is currently contributing 32.11% of Plan members’ salaries. The Plan members
contribute 7.00% of salaries, and DROP participants contribute 2.00%. The remaining
required contribution is primarily comprised of state insurance contributions, fines and
forfeitures, and transfers from reserve account.
The State of Florida requires funding of pension contributions to be made based upon an
actuarial valuation; the most recent valuation is as of October 1, 2008. The City Council has
the authority to amend its contribution to the Plan to not less than the minimum state
requirement.
(3) Net Assets Available for Benefits - Net assets available for benefits are designated pursuant
to an agreement between the Police and Fire Pension Plan Board of Trustees and the City
effective April 1, 2000, consisting of the following actuarially computed components as of
September 30, 2009 (in thousands):
Combined Reserve Account (1) 	$ 	13,048
Base benefits fund 	715,443
Total net assets available for benefits 	$ 728,491
(1) The value of the Combined Reserve Account is composed of the value of
the City Budget Stabilization Account and the Enhanced Benefit Account.
The City stabilization reserve account was established for the purpose of cushioning
actuarial losses in the base benefits fund and giving the City greater flexibility in its funding
of the Plan. The enhanced benefits account was established to hold any remaining State
premium tax refunds not assigned to offset City contribution requirements. The base benefits
fund consists of the assets pledged to provide fund benefits. The combined balances as of
September 30, 2009, have been calculated under the terms of the 2000 agreement between
the Plan and the City of Jacksonville.
(4) Trend Information - Trend information gives an indication of whether the actuarial value of
plan assets is increasing or decreasing over time in relation to the actuarial accrued liability
for benefits. Six-year historical trend information, on a year- by-year basis, is included in
the accompanying required supplemental information.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
9. 	PENSION PLANS (continued)
C. Police and Fire Pension Plan: (continued)
Actuarial methods and assumptions used in the valuations on which reported information
about the Annual Required Contribution, Annual Pension Cost, the funded status, and the
funding progress of the Plan is based on the following:
Valuation date 	October 1, 2008
Actuarial cost method 	Individual entry age
Amortization method 	Level percent, open
Remaining amortization period 	5 - 30 years
Asset valuation method 	5 year smoothing
Actuarial Assumptions:
Net investment rate of return* 	8.50%
Projected salary increases* 	5.00%
*Includes inflation percentage of 	3.00%
Post retirement benefit increases 	3.00%
Actuarial value of assets 	$855,997
Actuarial accrued liability (AAL) 	$1,753,946
Unfunded AAL 	$897,949
Funded ratio 	48.80%
See Note 1.B. concerning financial statement availability.
(5) During the fiscal year, the Plan received a remittance from the State of Florida in the amount
of $8.9 million pursuant to Chapters 175 and 185, Florida Statutes. Such remittances,
which are reported as State insurance contributions in the Statement of Changes in Fiduciary
Net Assets, 	are generally earmarked under state policy and legal guidance for the purpose
of granting enhanced benefits to public safety pension plans throughout the State of Florida.
The remittances received by the Plan are governed by a Restated Agreement executed
between the Plan and the City.
The Agreement stipulated that $6.2 million of the $8.9 million remittance received during
the fiscal year is to be allocated for expenditures authorized within the current benefit
structure, with the remaining $2.7 million being uncommitted and earmarked for use in
funding future benefits and/or ad-hoc, non-recurring expenditures as authorized by the
Trustees of the Plan. During the fiscal year, $1.6 million of the $2.7 million uncommitted
element was expended for ad-hoc non-recurring expenditures.
(6) Annual Pension Costs and Contributions - The Fund had annual pension costs of
$67,993,368 for the fiscal year ended September 30, 2009, which was equal to the actual
and required contributions. Three-year trend information is as follows : (in thousands)
Plan fiscal years
ended
September 30th
Annual
pension cost
(“APC”)
Percentage
contributed
Net Pension
Obligation
Unfunded
Actuarial Liability
% of Covered
Payroll
2007 	55,927 	100% 	- 	373.45%
2008 	65,389 	100% 	- 	538.23%
2009 	67,993 	100% 	- 	577.24%
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
9. 	PENSION PLANS (continued)
D. Florida Retirement System:
(1) Plan Description - The City also participates in the Florida Retirement System (FRS), a
multiple-employer cost-sharing retirement system which covers less than 1% of the City’s
full-time employees. FRS is a defined-benefit contributory retirement plan, administered by
the State of Florida, Division of Retirement. The City payroll for employees covered by FRS
was $3.2 million during the fiscal year; the City’s total payroll for all employees was $463.9
million.
The System provides vesting of benefits after six years of creditable service. Members are
eligible for normal retirement after they have met one of the following; (1) after 30 years of
service regardless of age; (2) six years of service and age 62; or (3) 25 years special risk
service (age 55 if not continuous). Early retirement may be taken any time after completing
six years of service; however, there is a 5% benefit reduction for each year prior to normal
retirement. Benefits are computed on the basis of age, average final compensation and
service credit. Average final compensation is the average of the five highest years of
earnings. The System also provides death and disability benefits. Benefits are established by
state statutes
(2) Contributions – For the fiscal years ended September 30, 2009, 2008, and 2007, the City
contributed $562,000, $569,000, and $577,000 respectively, to the System for covered
employees. For the fiscal year ended September 30, 2009, the contributions represented less
than 1% of the System’s total contributions required by all participating employers of $3.2
billion. 	Contributions in fiscal years 2008 and 2007 were also less than 1% of the total
contributions required by all participating employers, which amounted to approximately $3.0
and $2.3 billion per year.
The funding methods and the determination of benefits payable are provided in various Acts
of the State Legislature. These Acts require that employers make contributions actuarially
determined at the rates in effect at September 30, 2009, of 9.85% of the compensation for
regular members, 20.92% for special risk members, 16.53% for elected county officials,
13.12% for senior management and 10.91% for DROP Plan members.
(3) Trend Information - Ten-year historical trend information showing the System’s progress in
accumulating sufficient assets to pay benefits when due is presented in the System’s June 30,
2009 annual financial report. The report may be obtained from the State of Florida,
Department of Management Services, Division of Retirement P.O. Box 9000, Tallahassee,
Florida 32315-9000.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
10. 	POST EMPLOYEMENT BENEFITS OTHER THAN PENSION (OPEB)
Plan Description: The City provides retirees with the option to purchase health insurance from the
City’s single employer, experience rated health insurance contract plan (Plan) that provides medical
benefits to active and eligible retirees at the City’s group rate as mandated by Florida Statute
112.0801 and therefore has an implicit rate subsidy benefit for the retirees’ participation. As of the
valuation date, the Plan had approximately 7,919 active participants and 1,397 retirees receiving
benefits. The Plan does not issue a separate publicly available financial report.
Funding Policy: To date, the City has followed a pay-as-you-go funding policy, contributing only
those amounts necessary to provide for its portion of current year benefit costs and expenses plus
any addition to the reserve for accrued costs incurred but not yet reported, as determined as part of
the insurance contract. The contribution requirements of Plan members are established by the City.
The City pays any remaining required amounts after contributions of plan members are taken into
account. Currently, retired members pay the full premium associated with the coverage elected; no
direct City subsidy is currently applicable; however, there is an implicit cost discussed below.
Spouses and other dependents are also eligible for coverage, and the member is responsible for
payment of the applicable premiums. Plan members contributed $3.9 million in premiums for fiscal
year 2009, representing 35.5% of the total fiscal year 2009 OPEB cost.
State of Florida law prohibits the City from separately rating retirees and active employees. The
City therefore assigns to both groups equal, blended-rate premiums. 	Although both groups are
assigned the same blended rate premiums, GAAP requires the actuarial liabilities to be calculated
using age-adjusted premiums approximating claim costs for retirees separate from active members.
The use of age-adjusted premiums results in the full expected retiree obligation recognized in this
disclosure.
Annual OPEB Cost and Net OPEB obligation: The City’s annual other postemployment benefit cost
(expense) is calculated based on the annual required contribution of the employer (ARC).
The City has elected to calculate the ARC and related information using the Entry Age Normal
Salary Based Cost Method. The ARC represents a level of funding that, if paid on an ongoing basis,
is projected to cover normal costs each year and to amortize any unfunded actuarial liability (or
funding excess) over a period not to exceed 30 years. Annual requirements include a 4.5% discount
rate, compounded annually, based on assumptions that the plan will be unfunded. The annual health
care cost trend rate was assumed at 9.5% at September 30, 2009 grading down by 0.5% each year
until an ultimate health care cost trend rate is reached in 2018 of 5.0%. 	The salary increase
assumption is 4% per year.
The actuarial accrued liability (AAL) was determined as of September 30, 2009, based on the above
assumptions and cost method, and applied to member date current at September 30, 2009. Liabilities
were developed based on age adjusted costs for retirees currently receiving Plan benefits as of
September 30, 2009, with an AAL calculated to be $137 million, which is unfunded (or 0% funded).
The annual covered payroll is $387 million, resulting in an unfunded AAL of 35.4%. The actuarial
calculations reflect a long-term perspective using methods and assumptions that are designed to
reduce short-term volatility in AAL and actuarial value of assets. The Plan provisions affecting the
valuation were those in effect on September 30, 2009.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
10. 	POST EMPLOYEMENT BENEFITS OTHER THAN PENSION (OPEB) (continued)
OPEB Government Accounting Standards Board (GASB) 45 results are not based on the assumption
that all members terminate service as of the valuation date, but rather on the assumption that the
various forces of decrement-future disablement, future mortality, future termination of employment,
and future retirement-continue to be operative.
Plan Obligation: 	2009 	2008
Annual Required City
Contribution (ARC) 	10,933,000	$ 	13,280,398	$
Interest on Plan Obligation 	371,000 	-
Adjustment to ARC 	(294,000) 	-
Annual Plan Retiree Cost 	11,010,000	$ 	13,280,398	$
Contributions Made 	(3,911,400) 	(5,037,444)
Change in Plan Obligation 	7,098,600 	8,242,954
Plan Obligation Beg of Year 	8,242,954 	-
Plan Obligation End of Year 	15,341,554	$ 	8,242,954	$
At fiscal year end 2009, the City accrued $14.839 million in the Governmental Statement of Net
Assets, $472,000 in the Business-Type Statement of Net Assets, $30,000 in the Jacksonville
Economic Development Commission (JEDC), and $1,000 in the Jacksonville Housing Finance
Authority (JHFA) two discreetly presented component units.
The City’s annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the
net OPEB obligation for 2009 and the preceding year are as follows:
Percentage
Fiscal Year 	Annual OPEB 	of Annual OPEB 	Net OPEB
Ended 	Cost 	Cost Contributed 	Obligation
9/30/2007 	12,280,398 	37.9% 	8,242,954
9/30/2009 	11,010,000 	35.5% 	15,341,554
As of September 30, 2009, the most recent actuarial valuation date, the plan was 0% funded. The
actuarial accrued liability for benefits was $136.9 million, and the actuarial value of assets was $0,
resulting in an unfunded actuarial liability (UAAL) of $136.9 million. The covered payroll (annual
payroll of active employees covered by the plan) was $386.8 million and the ratio of the UAAL to
the covered payroll was 35.4 percent.
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and
assumptions about the probability of occurrence of events far into the future. Examples include
assumptions about future employment, mortality, and the healthcare cost trend. 	Amounts
determined regarding the funded status of the plan and the annual required contributions of the
employer are subject to continual revision as actual results are compared with past expectations and
new estimates are made about the future. The schedule of funding progress, presented as required
supplementary information (RSI) following the notes to the financial statements, presents multiyear
trend information about whether the actuarial value of plan assets is increasing or decreasing over
time relative to the actuarial accrued liabilities for benefits.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
11. 	DEFERRED COMPENSATION PROGRAM AND 401A PLAN
The City offers its employees a deferred compensation program created in accordance with Internal
Revenue Code (IRC) Section 457 and Chapter 112.215, Florida Statutes. During the year ended
September 30, 1999, the City complied with the requirements of subsection (g) of IRC Section 457
and, accordingly, all assets and income of the plan are held in trust for the exclusive benefit of the
participants and their beneficiaries. Pursuant to the provisions of GASB Statement No. 32,
Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation
Plans, the financial statements do not display deferred compensation balances in an Agency Fund.
The City also provides a defined contribution plan under the Internal Revenue Code, Section 401(a).
The plan provides an employer-paid, pre-tax allowance for employees under certain union contracts,
managerial and confidential, and some appointed personnel. It also allows employees to participate
on a post-tax basis. This benefit does not replace a pension plan, or serve in lieu of a qualified
pension plan. 	The City contributes from .25% to 1.00% of the base salary of the employee
depending on the bargaining unit and specific leave plan. For the year ended September 30, 2009,
the City contributed $436,855 for 401A plan benefits.
12. 	RISK FINANCING
The City is exposed to various risks of loss related to torts, theft, damage to and destruction of
assets, and natural disasters. The Risk Management Division (“Division”) administers the public
liability (general liability and automobile liability) and workers’ compensation self-insurance
program (“Program”) covering the activities of the City general government, JEA, Jacksonville
Housing Authority, Jacksonville Port Authority, and the Jacksonville Aviation Authority.
The Program’s self-insurance fund provides coverage for the workers’ compensation and tort
liability of the City, its officers, employees, or agents. It is established pursuant to Jacksonville City
Ordinance, Chapter 128. The Program is a combination of self-insurance, coupled with a layer of
excess coverage to mitigate aberrant and substantial unexpected losses.
While the City self-insures for automobile liability and automobile first party property damage,
general liability and workers’ compensation; it transfers its risk through the purchase of insurance
for its other exposures.
Major Categories of Policies purchased to transfer risk
Type of Policy 	Principal Named Insured (1)
Excess Workers’ Compensation
And General Liability Policy 	City, JEA, JPA, JHA, JAA
Property (Real & Personal) 	City, JPA
Boiler & Machinery 	City, JPA
Crime/Employee Dishonesty Policy 	City, JAA, JPA, JHA
Aircraft Hull and Liability Policy 	City, JEA, JPA, JHA, JAA
Watercraft Hull and Liability Policy 	City, JEA, JPA, JHA
Wharfinger Policy 	City
Fine Arts Policy 	City
(1)
City – City of Jacksonville, JEA – JEA, JPA - Jacksonville Port Authority, JHA - Jacksonville Housing Authority, JAA -
Jacksonville Aviation Authority
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
12. 	RISK FINANCING (continued)
The following schedule indicates the types of insurance and reinsurance acquired, the deductible or
retention level (per occurrence), and where appropriate the limit of the reinsurance coverage
acquired (per occurrence):
Retention Level 	Coverage 	Policy Limit
$5,000,000 	General Liability 	$1,000,000(1)
$1,200,000 	Employer’s Liability 	$1,000,000(1)
$1,200,000 	Workers’ Compensation 	Statutory
$100,000 	Property (Real & Personal) 	$480,000,000(2) (3) (4)
$50,000 	Boiler & Machinery 	$100,000,000
$50,000 	Employee Dishonesty Bond 	$3,000,000
(Includes computer fraud)
$0 	Aircraft Liability 	$20,000,000
$2,000 	Watercraft (P & I) 	$1,000,000
$1,000 	Wharfinger Liability 	$5,000,000
$1,000 	Fine Arts-Scheduled 	$105,625
(1)
Under the General Liability, and Employer’s Liability policies there is an annual $3,000,000 aggregate limit. In addition
to the deductible amounts, the City is responsible for the excess payments above the policy per occurrence and aggregate
limits.
(2)
The property retention and limits are on a per occurrence basis.
(3)
The policy deductible for named windstorm losses is equal to 5% of total values of the locations involved in the
occurrence, subject to a minimum retention of $500,000 and maximum of $25M.
(4)
The property retention and limits are shared between the entities.
The Division performs the following functions internally: loss prevention, workers’ compensation
claims, general liability and automobile liability claims, and related management activities.
Annually, as of September 30, the Program has a third party actuary review of the claim history for
all open claim years. The actuary projects the ultimate claim payment obligation (including the
incurred but not reported claims and claim development) for each year’s claim experience and the
probable loss fund cost for the new year. These projections are provided as a range of estimates
(low, middle and high), with a discounted alternative for each of the three estimates. The liability is
established at the middle undiscounted range. The following table reflects the discounted and
undiscounted estimates:
Estimated Risk Management Liability (1) (3)
(In thousands)
Discounted (2) Undiscounted
Low 	$58,871,575 	$71,157,239
Middle 	$65,604,862 	$79,270,917
High 	$72,338,149 	$87,384,596
(1) Actuarial projection excludes property liability.
(2) 4 % yield on investments assumption
(3)
Actuarial Unallocated Loss Adjustment Expense (ULAE) projections are $6,285,202 discounted and $7,461,194 undiscounted.
Actuarial Unallocated Loss Adjustment Expense (ULAE) projections are not included.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
12. 	RISK FINANCING (continued)
The probable loss fund estimate is used to budget the self-insurance fund for general liability,
automobile liability, and workers’ compensation. As an internal service fund, charges are billed to
the various funds and component units of the City. If an adjustment is necessary to increase the
reported fund liability to reflect the actuary’s estimated ultimate claim payment, then the self-
insurance fund will either draw upon its accumulated net assets and/or initiate a year-end billing to
the City itself and component units of the City. The City’s practice of cash funding the projected
ultimate claims payment is intended to temporarily accumulate net assets, which can be used to meet
changes in estimates over time. Projected ultimate claims payment experience is as of the end of
each fiscal year, even though some payments may not be made until a later date.
The City maintains separate fiscal year accounting, which allows any excess revenues available to be
returned to the City itself, and component units and the accumulation of an operating reserve
authorized by the City of Jacksonville Ordinance Code Section 106.106. As of September 30, 2009,
the City has available excess revenues in the Self-Insurance fund of $8,243 (in thousands) and an
operating reserve in the amount of $2,499, (in thousands) for a combined unrestricted net asset of
$10,742 (in thousands). In the Supplemental Section of the City’s Comprehensive Annual Financial
Report, is a trend information schedule for general/auto liability and workers’ compensation, entitled
“Schedule of Self-Insurance Ten Year Claims Development Information,” which reflects the claims
paid and liability projection development of each of the most recent ten years as of September 30,
2009.
The following schedule presents the changes in aggregate claims liabilities for the past two years of
the self-insurance fund’s general liability, automobile liability, and workers’ compensation.
SELF-INSURANCE FUND
CHANGES IN AGGREGATE CLAIMS LIABILITIES (including ULAE)
FOR THE YEARS ENDING SEPTEMBER 30 (in thousands)
General/Auto 	Workers
Liability 	Compensation 	Totals
2009 	2008 	2009 	2008 	2009 	2008
Unpaid claims and claims adjustment
expenses at beginning of fiscal year 	$ 	11,953 	$ 	11,252 	$ 	70,972 	$ 	66,722 	$ 	82,925 	$ 	77,974
Incurred claims and claim adjustment expenses:
Provisions for insured events of the current fiscal year 	3,586 	5,066 	8.,973 	13,175 	12,559 	18,241
Increases (decreases) in provision for
insured events of prior fiscal years 	257 	1,073 	9,077 	4,551 	9,334 	5,624
Total incurred claims and claim adjustment Expenses 	3,843 	6,139 	18,050 	17,726 	21,893 	23,865
Payments:
Claims and claim adjustment expenses
attributable to insured events of current fiscal year 	1,428 	1,942 	3,147 	2,894 	4,575 	4,836
Claims and claim adjustment expenses
attributable to insured events of prior fiscal year 	3,173 	3,496 	10,338 	10,582 	13,511 	14,078
Total Payments 	4,601 	5,438 	13,485 	13,476 	18,086 	18,914
Total unpaid claims and claim adjustment
expenses at end of fiscal year 	$ 	11,195 	$ 	11,953 	$ 	75,537 	$ 	70,972 	$ 	86,732 	$ 	82,925
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
13. 	OTHER REQUIRED INDIVIDUAL FUND AND COMPLIANCE DISCLOSURES
A. Compliance with Finance Related Legal and Contractual Provisions:
In the opinion of management, the City has no violations of finance related legal and contractual
provisions.
B. Fund Deficits:
The following individual funds had a fund deficit at September 30, 2009, (in thousands):
Fund Balance/
Net Asset
Major Capital Fund:
Better Jacksonville Plan Construction Project 	$(31,688)
Non-Major Enterprise Fund:
Baseball Stadium 	(179)
Non-Major Special Revenue Fund:
Public Safety 	(1,790)
Internal Service Funds:
Copy Center 	(432)
The Better Jacksonville Plan is a $2.25 billion construction plan that was appropriated in its
entirety in FY2001. Funding for the plan comes from two ½ cent dedicated sales tax and from
bond issued to support the construction as it occurs. In FY2009, the fund balance went negative
due to the timing of debt issues versus construction expenditures. The City will address the
deficit in FY2010 with currently authorized but unissued Better Jacksonville bonds.
The Baseball Stadium Net Asset deficit is due to transferring $29.3 million net book value for
assets and $30.6 million of related debt to the enterprise fund from Governmental Activities City
wide in 2008. The transfer was made to align all activity for the arena into one fund. The deficit
will be eliminated over time as the bond principal payments will be greater under the debt
schedule as compared to the reduction in net book value for the assets due to the straight line
depreciation recorded over the life of the assets in the fund.
Public Safety – The Emergency Incidents Fund deficit is a result of Tropical Storm Fay. The
deficit is made up of the 12.5% share of the costs and those costs that were not covered for
reimbursement under the Stafford Act. The city will ultimately have to cover these costs after
the event has been audited and is ready to close.
The Copy Center’s rates are being reviewed and will be adjusted to reduce the fund deficit in FY
2010.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
13. 	OTHER REQUIRED INDIVIDUAL FUND AND COMPLIANCE DISCLOSURES
C. Landfill Closure and Postclosure Care Costs:
The State of Florida's Solid Waste Management Act of 1988 (the "Act") and regulations of the
U.S. Environmental Protection Agency (EPA) and the State of Florida Department of
Environmental Protection (FDEP) require the City to be responsible for constructing and
maintaining the final landfill cover, monitoring ground water and methane gas, and continuing
leachate management 30 years after its municipally owned landfills stop accepting solid waste
and are closed. The estimated total costs of municipal solid waste landfill (MSWLF) closure and
postclosure care costs reported by the City are based upon professional consulting engineers'
studies prepared annually pursuant to rules promulgated by EPA and FDEP. However, existing
EPA and FDEP closure and postclosure regulations may change which might require the City to
revise its MSWLF cost estimates used in the future.
MSWLF costs, for open landfills, are recognized in accordance with GASB Statement No. 18,
Accounting for Municipal Solid Waste Landfill Closure and Postclosure Care Costs. A liability
of the Solid Waste Disposal Enterprise Fund (the "Fund") is recorded based upon landfill
capacity used at fiscal year-end and a current operating expense of the Fund in the fiscal year in
which the MSWLF costs are recovered through earned, operating revenue.
The estimated liability for MSWLF closure and postclosure care costs at September 30, 2009, is
(in thousands):
Balance,
September 30,
2008
Accrual
of
Costs
Payment
of
Costs
Balance,
September 30,
2009
Closed Landfills -
Postclosure care costs 	$ 11,333 	$ (303) 	($740) 	$ 10,290
Operating Landfill -
Closure and Postclosure care costs 	34,910 	18,468 	- 	53,378
Total Landfill Postclosure
Care Costs 	$ 46,243 	$ 18,165 	($740) 	$ 63,668
At September 30, 2009, the closure and postclosure care costs for the closed landfills (North and
East sites) had been fully accrued as these two landfills both stopped accepting solid waste in
April 1992. Of the total MSWLF closure and postclosure care cost liability, $46.2 million had
been accrued for the cost of closure and $17.5 million has been increased for postclosure care
costs through September 30, 2009.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
13. 	OTHER REQUIRED INDIVIDUAL FUND AND COMPLIANCE DISCLOSURES
C. Landfill Closure and Postclosure Care Costs: (continued)
Funding MSWLF costs for these two closed landfills will be provided from future operating
revenues of Solid Waste Disposal Enterprise Fund activities. As discussed in Note 1.P., after
adjustments for the current year change in estimate, the $61.2 million in MSWLF closure and
postclosure care costs recorded for the City's two closed landfills, North and East, and the $9.1
million in Waste Dump Site decontamination costs have been capitalized and recorded as a
deferred charge in the Solid Waste Disposal Enterprise Fund. Through fiscal 2008, $22.4 million
of this deferred charge had been expensed to solid waste disposal operations. Additionally,
during fiscal 2009, $2.7 million of this deferred charge was expensed to solid waste operations,
resulting in a balance at September 30, 2009, of $19.7 million. It is the intent of the City that
these costs be recovered from future operating revenues of the Solid Waste Disposal Enterprise
Fund, and accordingly will be recognized as operating expenses as such revenue is earned.
The total closure and postclosure liability for the operating landfill (Trailridge) is $53.4 million.
This total is based on the estimated capacity used of 69.682% or 13,947,154 tons used with a
total estimated capacity of 20,015,335 tons. The City will recognize the remaining estimated
cost of closure and postclosure costs of $23.2 million as the remaining capacity is filled.
These amounts are based upon what it would cost to perform all closure and postclosure care in
2009. The City expected to close the landfill in approximately three years (2012); however, it is
presently extending the life of the landfill by increasing the capacity (Phase III) and the life to 24
more years (2036). 	As mentioned, actual costs may be higher due to inflation, changes in
technology, or changes in environmental regulations.
Annually, the Florida Department of Environmental Protection (FDEP) requires the City to meet
a proof of financial responsibility for its two closed (East and North) and one open (Trailridge)
municipally owned landfills. This proof of financial responsibility provides assurance to FDEP
that future closure and postclosure care costs will be adequately funded by the City. At
September 30, 2009, this proof of financial responsibility has been met by the City under Rule
62-701.630(5)(c) of the Florida Administrative Code by $28.7 million in deposits made to a
restricted cash escrow account of the Solid Waste Disposal Enterprise Fund.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
13. 	OTHER REQUIRED INDIVIDUAL FUND AND COMPLIANCE DISCLOSURES
C. Landfill Closure and Postclosure Care Costs: (continued)
The amount to be deposited into the escrow account is based on estimates made annually by a
registered Professional Engineer plus an adjustment for additional future costs associated with
the closing of the Trail Ridge landfill. The escrow account was comprised of the following
estimated components at September 30, 2009 (in thousands):
Trail Ridge 	North 	East 	Total
Current cost of closure (1) 	$21,611,053 	$ 	- 	$ 	- 	$21,611,053
Annual cost of postclosure care (2) 	- 	889,771 	380,299 	1,270,070
Total estimated closure and
postclosure care costs 	$ 	21,611,053 	$ 	889,771 	$ 380,299 	$ 22,881,123
Balance in escrow account (3) 	$ 	27,408,772 	$ 	889,771 	$ 380,229 	$ 28,678,772
City funding above state minimum (4) 	$ 	5,797,719 	$ 	- 	$ 	- 	$ 	5,797,719
1) Trail Ridge – Total submitted cost of $ 25,424,769 x 17/20 (requirement is to annually fund
current estimate divided by years remaining in landfill life; landfill is expected to reach capacity in
2012; at September 30, 2009 17 years of the 20 year landfill life have passed), North – landfill was
certified closed in October 1999, East landfill was certified closed in April 1995.
2) Trail Ridge – Total cost of $ 33,864,394 x 0/30 (since landfill is not closed yet, 30 year post
closure care period has not begun) North – total cost of $ 17,795,416 x 1/20 (requirement is to fund
one year of postclosure care), East – total cost of $ 7,605,975 x 1/20 (requirement is fund one year
postclosure care).
3) The $28,678,842 escrowed amounts are accounted for in the Solid Waste Disposal Fund, in
separate subfund 443 - Landfill Closure per City of Jacksonville ordinance and is legally restricted.
It consists of bank accounts to meet DEP funding requirements, with remaining funds to meet the
additional amount required by the City of Jacksonville funding ordinance.
4) The City funding above the state minimum of $ 5,797,719 represents the difference between the
funding required by the State of Florida and the funding required by City ordinance. The funding of
landfill closure is based on a formula passed by City ordinance, which approximates the projected
cash flow needs for the future liability as calculated under GASB 18 – Accounting for Municipal
Solid Waste Landfill Closure and Postclosure care costs. The liability is based on a per cell closing
methodology utilized by the Solid Waste Division of the City.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
14. 	LESSOR OPERATING LEASE
A. Jacksonville Jaguars, Inc. - The City has entered into a lease dated September 7, 1993, pursuant
to which the City leases the Jacksonville Municipal Stadium and adjacent practice facilities to the
Jacksonville Jaguars, Inc. (Jaguars) for a period of 30 years from the first National Football
League (NFL) regular season play in 1995; Amendment 5, executed September 6, 2002, extends
the lease an additional five years.
The lease entitles the Jaguars to use the stadium on game days, for practices and summer training
camp, and for the period necessary before game days. During other periods of time, the City has
the right to use the stadium, except for certain administrative spaces, training facilities, suites,
and other areas that are for the exclusive use of the Jaguars.
For the first five years, rent is deferred in the amount of $250,000 per year; in years 6-10 rent is
$500,000 per year; in years 11-20 $1,000,000; and in the final 15 years $1.25 million, including
the lease extension. 	Amendment 8, executed January 2006, reduced the total Jaguars rent
obligations by $8,600,000, which was provided through rental reductions in the amount of
$1,433,333 for six payments beginning with the November 2005 payment through the June 2008
payment.
Amendment 8 also reduces supplemental lease obligations, with the City’s acceptance of
payment from the Jaguars in the amount of $10,197,891 for the full satisfaction of amounts due
for Super Bowl net revenues. Rents from years 11 through the end of the lease are subject to
escalation based on one-half of any increase in the Consumer Price Index, but not to exceed
2.5% per year.
In addition, the Jaguars are obligated to pay supplemental rent in an amount equal to the annual
debt service incurred by the City for certain costs of renovation of $53.1 million requested by the
Jaguars over a 30 year period with interest computed on a tax-exempt basis; inclusive of
Amendment 7 executed May 27, 2004.
The lease generally permits the City to retain revenues from City events at the stadium, with
some exceptions. Amendment 8 outlines provisions for advertising revenue generated from
electronic signage for different stadium functions. 	The City is required to provide electricity,
water and sewer services for the stadium at its expense. The City must maintain the Stadium and
all leasehold improvements. Per Amendment 8, the City agreed to provide $1,000,000 for
additional electronic signs. 	The City is required to pay for game day personnel, excluding
concessions, on the days of Jaguar games. Amendment 8 gives the Jaguars the responsibility to
provide concessions to all events within the concessions area. 	The Jaguars retain all net
revenues from concessions and similar sales on NFL game days. The lease obligates the Jaguars
to maintain its franchise at the stadium in Jacksonville and to not relocate unless it pays the City
certain guaranteed amounts. Amendment 9 outlines a revenue sharing agreement for the stadium
naming rights and provides the parameters for the marketing of the stadium name. 	Also,
Amendment 9 details additional advertising rights and allows for certain fixed signage at the
stadium.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
14. 	LESSOR OPERATING LEASE (continued)
A. Jacksonville Jaguars, Inc.
A summary of scheduled lease payments is as follows:
Year 	Payment
2010 	3,964,861
2011 	4,127,519
2012 	4,091,334
2013 	4,047,200
2014 	4,006,519
2015 - 2019 	22,931,825
2020 - 2024 	20,242,264
2025 - 2029 	31,100,431
2030 	3,074,554
B. Shands Jacksonville
Under an agreement with a not-for-profit corporation, Shands Jacksonville, formerly known as
University Medical Center, the City leases to Shands certain capital assets, principally land and
buildings, over a term to September 30, 2027 with an option to renew for an additional 40 years
to 2067 at $1 per year. 	In addition, Shands is to be a full service hospital in support of the
indigent care programs of the City of Jacksonville and Duval County under the agreement.
Shands is to maintain, in good condition, and make improvements and betterments to the
hospital as necessary over the life of the lease. At termination of the lease, all leased property
shall revert to the City.
15. 	LITIGATION, CONTINGENCIES, AND COMMITMENTS
A. Litigation:
The City is named as party in legal proceedings which occur in the normal course of government
operations. Such litigation includes, but is not limited to, claims asserted against the City arising
from alleged torts, alleged breaches of contract, condemnation proceedings and other alleged
violations of state or federal laws.
It is not possible at the present time to estimate the ultimate outcome or liability, if any, to the
City for these proceedings. However, it is the City’s opinion that ultimate liability in these
matters, if any, is not expected to have a material adverse effect on the City’s financial position.
B. Grants and Contracts:
The City participates in various federal and state assisted grant programs that are subject to
review and audit by the grantor agencies. Entitlement to these resources is generally conditional
upon compliance with the terms and conditions of grant agreements and applicable federal and
state regulations, including the expenditure of resources for allowable purposes. Any
disallowance resulting from a federal or state audit may become a liability of the City. All City
agencies and departments are required to comply with various federal regulations issued by the
U.S. Office of Management and Budget if such agency or department is a recipient of federal
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
15. 	LITIGATION, CONTINGENCIES, AND COMMITMENTS (continued)
B. Grants and Contracts: (continued)
grant, contracts or their sponsored agreements. Certain agencies and departments may not be in
total compliance with these regulations. Failure to comply may result in questions concerning
the allocability of related direct and indirect charges pursuant to such agreements. It is believed
that the ultimate disallowance pertaining to these regulations, if any, will be immaterial to the
overall financial condition of the City.
C. Self-Insurance:
Through the City’s Risk Management Division, the City maintains an insurance and self-
insurance program (See Note 12). The Division administers the public liability (general liability
and automobile liability) and workers’ compensation self-insurance program covering the
activities of the City general government, JEA, Jacksonville Housing Authority, Jacksonville
Port Authority, and Jacksonville Aviation Authority under the City’s Ordinance Code Chapter
128. The City purchases commercial insurance for workers’ compensation claims in excess of
$1.2 million. Under the laws of the State of Florida, the City has sovereign immunity for state
tort claims in excess of $100,000 per person, and $200,000 per occurrence. The City retains
coverage on all other types of insurance including real and tangible property. The self-insured
programs of the City, which are included in the Self-Insurance Internal Service Fund, are funded
on a dollar-for-dollar basis determined actuarially for the estimated losses for claim development
and incurred but not reported claims, and unallocated loss adjustment expenses. Claims are
reserved on an ultimate probable cost basis.
D. Pollution Remediation:
Governmental Accounting Standards Board Statement No. 49 Accounting and Financial
Reporting for Pollution Remediation Obligations (GASB 49) became effective in fiscal year
2009. GASB 49 provides proper accounting and financial reporting for pollution remediation
obligations. While GASB 49 does not require the City to search for pollution, it does require
the City to reasonably estimate and report a remediation liability when any of the following
obligating events has occurred:
• 	The City is compelled to take remediation action because pollution creates an
imminent endangerment to public health,
• 	The City is in violation of pollution prevention,
• 	The City is named, or has evidence that it will be named as responsible party by a
regulator,
• 	The City is named, or has evidence that it will be named in a lawsuit to enforce
cleanup, or
• 	The City commences or legally obligates itself to conduct pollution remediation
activities.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
15. 	LITIGATION, CONTINGENCIES, AND COMMITMENTS (continued)
D. Pollution Remediation: (continued)
The City recorded a pollution remediation liability as of September 30, 2009 of approximately
$154.2 million (See Note 8. C for schedule) using the expected cash flow technique. Under this
technique, the City estimated a reasonable range of potential outlays and multiplied those outlays
by their probability of occurring. This did not have any material effects on beginning balance of
net assets for FY09. However, this liability could change over time due to changes in cost of
goods and services, changes in remediation technology, or changes in laws and regulations
governing the remediation efforts.
The USEPA identified the City as a PRP at the Whitehouse Waste Oil Pits Superfund Site in
western Duval County. The City and other PRPs participated in the USEPA’s Pilot Allocation
Project which resulted in the EPA assuming as much as 65% of the liability at the site, with the
City being allocated less than 10% of the liability. The USEPA estimates $20 million site costs,
with the City paying approximately $2 million over the life of the project (which includes a 30
year operations and maintenance period). Site work was substantially complete in October 2006
when operations and maintenance work began. 	The PRPs have more than $1.9 million on
deposit to fund operations and maintenance; however until USEPA officially declares the
remedial action complete, the prospect for additional work remains. In January 2008, the City
met with adjacent property owners to negotiate the purchase of additional private property to
account for the location of the remedial berm. Negotiations are ongoing, with the estimated
additional purchase within the limits of the remaining funds contributed by PRPs. The City and
other PRPs settled with the USEPA which had sought reimbursement of its cost of a removal
action in 1995, regarding the Bill Johns Waste Oil Site. 	The City's liability is based on
contracting with the waste oil service to empty used oil collection points operated under a
recycling grant from the State. The Florida Department of Environmental Protection (FDEP) has
submitted a demand to the PRPs to assess the site further to determine the extent of
contamination that may remain after the removal action. The liability to FDEP is being assessed,
but the site may be eligible for the state-funded clean up program, relieving the City of any
financial exposure. Because of the uncertainty of this event, no accrual has been recorded.
Incinerator Ash Site Pollution Remediation: The City has identified four sites that were used for
incinerator ash waste. 	The common practice during the 1950s and 1960s was to incinerate
garbage and then mix the residual ash waste with other soil and use it as fill dirt.
The City and the U. S. Environmental Protection Agency (EPA) signed an agreement in 1999 to
develop a plan to remediate the four sites. In order to make the sites and surrounding areas safe
from a variety of residual pollutants, the City has proposed to the EPA a plan to clean up the
areas by removing the top two feet of soil, placing a barrier, and then replacing the topsoil with
untainted dirt. The project is estimated to take several years to complete once started and a cost
estimate of $110.9 million has been accrued based on the City’s estimate used in its five year
capital project plan. Approximately $22.7 million has been appropriated for FY2010.
Department of Environmental Protection (DEP) Sites: The City, working in conjunction with the
DEP, have identified four sites of potential liability including the Burke St. Lime Pitts, Doe Boy
Dump Site, Gold Merit / Pope Plan and Southside Incinerator Site.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
15. 	LITIGATION, CONTINGENCIES, AND COMMITMENTS (continued)
D. Pollution Remediation: (continued)
The project, which is estimated to take several years to complete once started, has an estimated
cost of $37.18 million, which has been accrued by the City and included in the City’s five year
capital projects plan.
Various other remediation sites exist within the City and $5.5 million as been accrued for their
estimated liability based on their inclusion in the City’s five year capital projects plan.
The liability for the Waste Dump Site at September 30, 2009, of $0.632 million is based on the
most recent estimate by the Federal Government of the City's allocated share of the clean-up and
long term care cost of the site under a Participation Agreement and Consent Decree with the
Environmental Protection Agency. The City was identified as a responsible party, sharing 65%
of the total clean-up costs
E. 	Shipyards Project:
In previous fiscal years, the City provided economic development grant monies to a developer
totaling approximately $36.5 million, funded by tax exempt bond proceeds (City of
Jacksonville, Florida Excise Tax Revenue Bonds, Series 2001B). The grant was to provide for
certain public improvements related to a project titled “Shipyards”. The original developer did
not complete the improvements anticipated in the public offering, and a City review of the
project determined that the developer had inappropriately spent City grant proceeds (financed
by the bonds) on private use elements of the overall project and/or business expenditures not
related to the project, and therefore was in default under the Redevelopment Agreement. The
City also determined that the original developer’s default may have resulted in the private use
portion of the bond proceeds exceeding limits allowed by the tax code. On June 28, 2005 the
City reached agreement with a replacement developer to provide the anticipated public
improvements with some modifications, and soon thereafter the developer commenced work on
certain of the public improvements. In April 2009, the City deemed the replacement developer
in default under the terms of replacement development agreement and in June 2009 the
developer filed for bankruptcy protection. The City has obtained approval from the bankruptcy
court to pursue a foreclosure action for purposes of obtaining title to the entire property through
the foreclosure process.
The City anticipates that over time the tax exempt status of interest on the bond issue will be
preserved by virtue of the City’s retained beneficial ownership of the property in addition to the
modified public improvements made by the replacement developer prior to their default.
The City in a previous fiscal year elected to notify the Internal Revenue Service of the matter
and enter into voluntary negotiations intended to preserve the tax exempt status of interest on
the bonds and provide for a city settlement payment. The settlement is anticipated to address the
time period between the point of misuse and the substitution of appropriate public uses, and the
incremental cost between tax exempt and taxable debt. While the City has submitted legal
arguments that it believes will result in favorable settlement terms, the City estimates that the
eventual settlement payment could be as much as $2.5 million. This amount is accrued in the
entity-wide financial statements as due to independent agencies and other governments.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
15. 	LITIGATION, CONTINGENCIES, AND COMMITMENTS (continued)
F. 	Other Litigation:
The City is involved in a federal court litigation concerning alleged breach of agreement claims
involving its landfill and disputed costs. 	The plaintiff seeks unspecified damages, but is
expected to claim damages of over $1,000,000 from the City.
The City is involved in a matter where the plaintiff is seeking reimbursement of attorney fees for
previous litigation. Currently the parties have agreed on a stay of further litigation until the
Court of Appeals renders a decision on a related issue. Potential liability exposure is $1,400,000
plus interest running from April 2008.
The City is involved in two state law claims for negligence involving a motor vehicle accident.
Maximum potential liability exposure is $100,000 per claim.
The City is involved in a federal civil rights and wrongful death claim. Discovery is pending.
Liability is not likely, but the plaintiff is seeking a large sum of damages. A potential loss
estimate cannot be made at this time.
The City is involved in a case filed in state court by property owners for violation of civil rights,
negligence, and inverse condemnation for the City’s emergency demolition of property.
Maximum potential liability is the value of the plaintiff’s property plus attorney fees. Estimated
potential liability exposure is $200,000 - $500,000.
The City is involved in a state law claim for negligence in connection with an accident involving
an alleged defective sidewalk. Maximum potential liability exposure is $100,000.
Since September 30, 2009, the City settled several legal matters including: state law claims for
negligence and other threatened state law claims. The City does not consider the settlement
amounts to be material.
In accordance with relevant accounting standards, no accrual has been made in the
accompanying financial statements for these cases because relevant criteria have not been met.
Funding for these payments, if any, will be from general revenue sources and earnings.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
15. 	LITIGATION, CONTINGENCIES, AND COMMITMENTS (continued)
G. Construction Commitments: At September 30, 2009, the City had major construction contracts
for the following projects:
Public Works Projects
Ed Ball Building 	1,547,402	$
Economic Development Projects
Edward Waters College 	550,000
Hallmark Partners - Phase I & II 	9,021,850
Miles Development - Phase I & II 	5,421,449
Pinnacle Project 	800,000
Shipyards Project 	3,122,399
Infrastructure Projects
Pedestrian Vehicle RR Crossing 	3,358,702
Coastline Drive & Riverwalk Repairs 	958,198
Metro Park Marina - lighting, Elec & Water 	671,400
Springfield Rd Improvement Project 	513,896
Public Works/Banking Fund Improvement Projects 	1,921,779
Courthouse Projects 	157,354,138
Public Works Road Projects 	42,703,328
Countywide Resurfacing 	8,986,926
Drainage Rehab Projects 	9,532,524
Septic Tank Remediation 	15,284,831
Jacksonville Ash Site 	6,377,027
Radio System Replacement 	1,374,448
269,500,297	$
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
15. 	LITIGATION, CONTINGENCIES, AND COMMITMENTS (continued)
H. Encumbrance Commitments:
At September 30, 2009, the City had encumbrance commitments in the Governmental Funds as
follows:
ENCUMBRANCES: (in thousands)
MAJOR FUNDS
General Fund 	$16,705
* 	Better Jacksonville Construction Project 	84,513
Total Major Funds 	101,218
NON-MAJOR FUNDS
Concurrency Management Fund 	3,137
Air Pollution Control & Monitoring Fund 	-
Tourism Development Fund 	1,467
Clerk of the Court 	58
Transportation Fund 	2,365
Budgeted General Government 	4,926
Public Safety Fund 	31
Emergency 9-1-1 Fund 	415
Tax Increment Districts Fund 	950
Jacksonville Children's Commission 	1,213
Community Development Block Grant 	5,502
Maintenance, Parks and Recreation Fund 	106
Other Federal, State, & Local Grants Fund 	10,009
Housing and Neighborhoods 	2,932
State Housing Initiative Partnership 	4,745
Non-Budgeted General Government 	651
General Project 	34,819
Bond Projects 	25,933
Grant Projects Funds 	5,737
River City Renaissance Project Fund 	3
Total Non-Major Funds 	105,001
TOTAL ENCUMBRANCES 	$206,218
*The Better Jacksonville Plan Construction Project Fund accounts for funds associated with the $2.25 billion
improvement plan. Council appropriated funds for the plan in its entirety at the inception, while funding sources
including dedicated sales tax and debt issues are secured as needed. Multi-year contracts are encumbered and
funding sources are obtained as construction occurs.
16. 	SUBSEQUENT EVENTS
A. City Debt Issuance
On December 15, 2009 the City issued bonds totaling $107,640,000 as Special Revenue Bonds
Series C-1 Bonds ($70,330,000 tax exempt) and Taxable Special Revenue Bonds Series 2009 C-
2 ($37,310,000 Build America Bonds) to finance a portion of the costs of acquisition and
construction of certain drainage and Capital Improvement Plan projects and to fund a portion of
the City’s composite Special Revenue Bond Cash Debt Service Reserve Account.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
16. 	SUBSEQUENT EVENTS (continued)
B. Defined Contribution Pension Plan
On October 1, 2009 the City introduced a Defined Contribution (DC) Plan alternative to the
City’s Defined Benefit (DB) Plan for all full time new and existing employees. The DC
alternative plan was established within the Jacksonville Retirement System and administered by
the same seven-member Board of Trustees. The City Council is responsible for establishing or
amending plan provisions.
C. Pension lawsuit
In December 2009, a group of plaintiffs filed an action against the City in federal court. The
plaintiffs alleged that the City operated its General Employees Pension Plan and its Correctional
Officers Pension Plan in such a manner that it violated the American with Disabilities Act and
the terms of the pension itself by requiring a different process to be followed for persons with
certain medical issues. 	Subsequently, plaintiffs alleged a class action in an amended complaint,
which the City answered and to which affirmative defenses were raised. Initial reviews of the
potential class indicate that it may be approximately 1,300. Plaintiffs seek 1) admission into the
pension plan and 2) purchase or credit by the City for pension contributions for years in which
plaintiffs were excluded, and attorneys fees.
D. Police and Fire Pension
The City contribution percentage to the Police and Fire Pension Plan increased by 18.91% for
the fiscal year beginning October 1, 2009. The increase in contribution is the result of the most
recent actuarial valuation.
E. JEA
JEA made additional debt draws and issued bonds to finance capital expenditures and refund
existing debt. 	The draws for capital expenditures, which will be replaced with permanent
financing in 2010, total $14,000,000. The refunding draw totals $ $4,285,000. The bonds issued
include $45,955,000 of Electric System Revenue Bonds, Series Three 2009D and $68,600,000 of
Electric System Subordinated Revenue Bonds, 2009 Series F to fund capital expenditures. JEA
also issued $27,675,000 of Subordinated Electronic System Revenue Bonds, 2009 Series G to
refund prior issues.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
17. 	MAJOR DISCRETELY PRESENTED COMPONENT UNITS - ADDITIONAL
DISCLOSURE
A. JEA/City of Jacksonville
JEA is a separately-governed authority and is also considered to be a discretely presented
component unit of the City of Jacksonville. JEA provides electric, water and sewer service to
the City and its agencies and bills for such service using established rate schedules. JEA utilizes
various services provided by departments of the City, including insurance, legal and motor pool.
JEA is billed on a proportionate cost basis with other user departments and agencies. 	The
revenues for services provided and expenses for services received by JEA for these related-party
transactions with the City were as follows (in thousands):
Revenues 	Expenses
Fiscal year 2009 	$ 35,056 	$ 	6,176
The calculation of the City contribution is based on a formula negotiated with the City of
Jacksonville. Fiscal year 2009 is the first year of an eight year agreement. This calculation is
subject to a minimum average increase of $2,500,000 per year using 2008 as the base year for
the combined assessment for the JEA Electric Enterprise Fund and Water and Sewer Fund.
There is also a maximum annual assessment for the combined Electric Enterprise Fund and
Water and Sewer Fund.
The JEA Electric System is required to contribute annually to the City’s General Fund an
amount not to exceed 5.5 mills per kilowatt hour delivered by JEA to retail users in JEA’s
service area, and to wholesale customers under firm contracts having an original term of more
than one year, other than sales of energy to FPL from JEA’s St. Johns River Power Park System.
The contribution for fiscal year 2009 amounted to $76,094,124. The JEA Water and Sewer
System is required to contribute annually to the City’s General Fund an amount not to exceed 2.1
mils per cubic foot of potable water and sewer service provided, excluding reclaimed water
service. The contribution for fiscal years 2009 amounted to $20,593,422.
Although the calculation for the annual transfer of available revenue from JEA to the City is
based upon formulas that are applied specifically to each utility system operated by JEA, JEA
may, in its sole discretion, utilize any of its available revenues regardless of source to satisfy its
total annual obligation to the City.
In addition to the contributions described above, JEA is also obligated to make semi-annual
payments with respect to a portion of the debt service for the City’s Excise Tax Revenue Bonds,
Series 1999A and 1995A through Fiscal Year 2009. In fiscal year 2009, JEA made principal and
interest payments to the City of $1,124,000.
Franchise Fees - Effective April 1, 2008, the City enacted a 3% franchise fee from designated
revenues of the Electric and Water and Sewer Utility systems. The ordinance authorizes JEA to
pass through these fees to its electric and water and sewer funds. For the year ended September
30, 2009, JEA recorded $30,999,000 and $6,534,000 in its electric and water and sewer funds,
which are included in JEA operating revenues and expenses.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
17. 	MAJOR DISCRETELY PRESENTED COMPONENT UNITS - ADDITIONAL
DISCLOSURE (continued)
A. JEA/City of Jacksonville (continued)
Risk Management - JEA insures its risks related to general liability, automobile liability, and
workers’ compensation through the City’s self insurance program. 	The City’s Director of
Administration and Finance manages the self-insurance program, estimates the liabilities through
actuarial and other methods, and assesses the user departments and agencies. JEA purchases
property insurance separate from the City for its insurable assets. In addition, JEA purchases
property, liability and workers’ compensation insurance for its St. Johns River Power Park
facility, including ownership interest of Florida Power and Light Company, as an additional
insured.
Better Jacksonville Plan - The City is providing funding for sewer improvements as a part
of the Better Jacksonville Plan. The City receives sales tax revenues, a portion of which are
used for capital contributions to JEA for sewer improvements. These contributions
amounted to $1,516,000 in fiscal year 2009.
B. JPA – Prior Period Restatement
In 2009, JPA adopted Governmental Accounting Standards Board (GASB) No. 49, Accounting
and Financial Reporting for Pollution Remediation Obligations. As a result, JPA reduced net
assets, invested in capital assets by $777,000 for amounts previously capitalized, and reduced
unrestricted net assets by $1,568,000 for estimated liabilities recognized in accordance with
GASB 49.
18. 	NET ASSETS:
The government –wide and business-type Fund Financial Statements utilizes a net assets
presentation. 	Net assets are categorized as invested in capital assets net of related debt,
restricted, and unrestricted.
Invested in Capital Assets Net of Related Debt - is intended to reflect the portion of net assets
which are associated with non-liquid, capital assets less outstanding capital asset related debt.
The net related debt is the debt less the outstanding liquid assets and any associated unamortized
cost.
Restricted Assets – are liquid assets (generated from revenues and not bond proceeds), which
have third-party (statutory, bond covenant or granting agency) limitations on their use. The City
would typically use restricted assets first, as appropriate opportunities arise, but reserves the
right to selectively defer the use there of to a future project or replacement equipment
acquisition.
Unrestricted Net Assets – typically represents unrestricted liquid assets. 	While City
management may have categorized and segmented portions for various purposes, the City
Council has authority to revisit or alter these managerial decisions.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
18. 	NET ASSETS: (continued)
While the Unrestricted Net Assets balance is a single number in accordance with GASB
Statement 34, the impact of non-asset debt will appear to reduce the year-end discretionary
balance available to the government.
However, in the City’s case, given that a portion of these non-asset bonds/loans reported in the
Governmental Activities column have a dedicated revenue source (to amortize the debt over
time) the year-end available portion of the Net Assets to the city is greater than is apparent. The
following schedule illustrates these differences (000s):
Governmental Unrestricted Net Assets
(per statement – page 22) 	$ 	(393,192)
Impact of Better Jacksonville Plan’s
(BJP) bond financed capital expenditures incurred by
component units and other entities. Includes refinancing
of state held debt for associated component unit. 	438,690
Economic Incentives to be repaid by
TIF revenue and/or Developer 	46,931
Governmental - Unrestricted Net Assets
(adjusted for dedicated revenue funded portions) 	$ 	92,429
Because the BJP program has dedicated sales tax revenue sources which will be used to repay
the related debt service and either the CRA’s tax increment financing (TIF) 	revenue or the
Developer repayments are anticipated to address the related debt service principal and all or a
portion of the interest, the Government Unrestricted Net Assets (adjusted for dedicate revenue
funded portions of non-assets debt) more truly reflect the General Government’s available
(although partially tentatively targeted) portion of net assets.
19. 	FUND BALANCE DISCLOSURE:
In accordance with Governmental Accounting Standards Board Statement 54, Fund Balance
Reporting and Governmental Fund Type Definitions, the City classifies governmental fund
balances as follows:
Nonspendable - includes fund balance amounts that cannot be spent either because it is not in
spendable form or because of legal or contractual requirements.
Spendable Fund Balance
ƒ 	Restricted – includes fund balance amounts that are constrained for specific purposes which
are externally imposed by providers, such as creditors or amounts constrained due to
constitutional provisions or enabling legislation.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
19. 	FUND BALANCE DISCLOSURE: (continued)
ƒ 	Committed – includes fund balance amounts that are constrained for specific purposes that
are internally imposed by the government through formal action of the highest level of
decision making authority. The City’s original budget legislation begins with the Budget
Office combining historical data, assessment of needs for the upcoming year and the
Mayor’s platform to review, and/or make changes to each department’s budget. In June, a
Budgetary Committee will meet again with each department for final review and approval of
preliminary budget. Budget is then formally presented to City Council the first Council
Meeting in July for their review, revisions and final approval by September 30th, at which
time it becomes law. All subsequent budget requests made during the year, after Council’s
approval, must be presented on a Budget Transfers (BT) and again approval by Council.
City Council may also amend the budget outside of the BT process.
ƒ 	Assigned – includes spendable fund balance amounts that are intended to be used for specific
purposes that are neither considered restricted or committed. Fund Balance may be assigned
through the following: 1) The Director of Finance is authorized by City Council to assign
amounts for a specific purpose. 	(2) 	The City Council has authorized the Director of
Finance, in coordination with the Council Auditor, to recapture excess fund balance that isn’t
restricted or committed and transfer the excess to the General Fund – General Service
District. Excess fund balance that is not recaptured is classified as assigned by the Director
of Finance to be used for the purpose of the subfund.
ƒ 	Unassigned - includes residual positive fund balance within the General Fund which has not
been classified within the other above mentioned categories. Unassigned fund balance may
also include negative balances for any governmental fund if expenditures exceed amounts
restricted, committed, or assigned for those specific purposes.
The City uses restricted amounts to be spent first when both restricted and unrestricted fund
balance is available unless there are legal documents/contracts that prohibit doing this, such as in
grant agreements requiring dollar for dollar spending. Additionally, the City would first use
committed, then assigned, and lastly unassigned amounts of unrestricted fund balance when
expenditures are made.
The City Council established an emergency reserve policy and fund beginning with the fiscal
year 2006 budget. The emergency fund is contained as a separate subfund within the General
Fund and is included in each annual budget. The emergency reserve shall not be used except as
initiated by the Mayor through written communication to City Council, explaining the
emergency, and requires approval by two-thirds vote of all City Council members.
The City does not have a formal minimum fund balance policy. However, the City’s Ordinance
code addresses various targeted reserve positions and the Administration calculates targets and
actuals to report the results annually to City Council.
A schedule of City fund balances is provided in the following pages.
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2009
19. FUND BALANCE DISCLOSURE
A. FUND BALANCE CLASSIFICATION
SPECIAL
BONDED DEBT- 	BETTER
BETTER 	JACKSONVILLE
JACKSONVILLE 	SPECIAL 	PLAN
GENERAL 	PLAN 	BONDED DEBT- 	CONSTRUCTION
FUND 	OBLIGATIONS 	OBLIGATIONS 	PROJECT
FUND BALANCES:
Non Spendable:
Inventories 	6,259	$ 	-	$ 	-	$ 	-	$
Other 	- 	- 	- 	-
Spendable:
Restricted for:
Debt Service Reserved by Debt Covenants 	- 	87,371 	15,360 	-
Waterway Projects 	- 	- 	- 	-
Shipyard Project 	- 	- 	- 	-
Park Projects 	- 	- 	- 	-
Conservation and Resource Management 	- 	- 	- 	-
Transportation Projects 	- 	- 	- 	-
- 	- 	- 	-
- 	- 	- 	-
Regional Stormwater Facilities 	- 	- 	- 	-
Environmental 	- 	- 	- 	-
Drainage System Projects 	- 	- 	- 	-
- 	- 	- 	-
- 	- 	- 	-
Public Safety 	- 	- 	- 	-
- 	- 	- 	-
- 	- 	- 	-
Other 	- 	- 	- 	-
Committed to:
City Council Emergency Use 	44,112 	- 	- 	-
Debt Service 	- 	- 	- 	-
Drainage Projects 	- 	- 	- 	-
Waterway Projects 	- 	- 	- 	-
Water-Sewer Combination 	- 	- 	- 	-
Park Projects 	1,641 	- 	- 	-
Planning Projects 	6,763 	- 	- 	-
Physical Environment 	- 	- 	- 	-
Conservation and Resource Management 	- 	- 	- 	-
Transportation Projects 	856 	- 	- 	-
Emergency and Disaster Relief 	- 	- 	- 	-
Court Projects 	- 	- 	- 	-
Public Safety 	8,676 	- 	- 	-
Human Services 	- 	- 	- 	-
Industry Development 	- 	- 	- 	-
- 	- 	- 	-
Other 	798 	- 	- 	-
Assigned to:
Debt Service 	- 	- 	4,860 	-
Transportation Projects 	142 	- 	- 	-
Parks Projects 	273 	- 	- 	-
Planning Projects 	1,124 	- 	- 	-
Public Safety 	1,442 	- 	- 	-
Other 	133 	- 	- 	-
Unassigned:
Unassigned 	37,962 	(261) 	- 	(31,688)
Total Fund Balances 	110,181	$ 	87,110	$ 	20,220	$ 	(31,688)	$
Other Infrastructure and Development
Other Facilities Improvement
Other Grants
MAJOR FUNDS
Building
Other Grants
Human Services
Housing and Urban Development
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AIR POLLUTION 	CLERK 	BUDGETED
CONCURRENCY 	CONTROL AND 	TOURISM 	OF THE TRANSPORTATION 	GENERAL 	PUBLIC 	EMERGENCY
MANAGEMENT 	MONITORING 	DEVELOPMENT 	COURT 	FUND 	GOVERNMENT 	SAFETY 	9-1-1
-	$ 	-	$ 	-	$ 	-	$ 	-	$ 	-	$ 	-	$ 	-	$
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	642 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	142 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
2,642 	- 	- 	- 	- 	566 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	640 	- 	- 	- 	20,913 	- 	-
61,362 	- 	- 	- 	38,931 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	6,349
- 	- 	- 	200 	- 	10,248 	- 	-
- 	- 	- 	- 	- 	3,164 	525 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	3,319 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
57 	- 	789 	- 	- 	828 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	(2,315) 	-
64,061	$ 	1,282	$ 	4,108	$ 	200	$ 	39,073	$ 	35,719	$ 	(1,790)	$ 	6,349	$
(continued)
NONMAJOR
SPECIAL REVENUE FUNDS
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2009
19. FUND BALANCE DISCLOSURE (continued)
A. FUND BALANCE CLASSIFICATION (continued)
COMMUNITY
JACKSONVILLE 	DEVELOPMENT JOB TRAINING 	MAINTENANCE
TAX INCREMENT 	CHILDREN'S 	BLOCK 	PARTNERSHIP 	PARKS AND
DISTRICTS 	COMMISSION 	GRANT 	ACT GRANT 	RECREATION
FUND BALANCES:
Non Spendable:
Inventories 	-	$ 	-	$ 	-	$ 	-	$ 	-	$
Other 	- 	- 	- 	- 	-
Spendable:
Restricted for:
Debt Service Reserved by Debt Covenants 	- 	- 	- 	- 	-
Waterway Projects 	- 	- 	- 	- 	-
Shipyard Project 	- 	- 	- 	- 	-
Park Projects 	- 	- 	- 	- 	-
Conservation and Resource Management 	- 	- 	- 	- 	-
Transportation Projects 	- 	- 	- 	- 	-
- 	- 	- 	- 	-
- 	- 	- 	629 	-
Regional Stormwater Facilities 	- 	- 	- 	- 	-
Environmental 	- 	- 	- 	- 	-
Drainage System Projects 	- 	- 	- 	- 	-
- 	- 	3,898 	- 	-
- 	- 	- 	- 	-
Public Safety 	- 	- 	- 	- 	-
- 	- 	- 	- 	-
- 	- 	-
Other 	- 	- 	- 	- 	-
Committed to:
City Council Emergency Use 	- 	- 	- 	- 	-
Debt Service 	- 	- 	- 	- 	-
Drainage Projects 	- 	- 	- 	- 	-
Waterway Projects 	- 	- 	- 	- 	-
Water-Sewer Combination 	- 	- 	- 	- 	-
Park Projects 	- 	- 	- 	- 	2,762
Planning Projects 	- 	- 	- 	- 	-
Physical Environment 	- 	- 	- 	- 	-
Conservation and Resource Management 	- 	- 	- 	- 	-
Transportation Projects 	- 	- 	- 	- 	-
Emergency and Disaster Relief 	- 	- 	- 	- 	-
Court Projects 	- 	- 	- 	- 	-
Public Safety 	- 	- 	- 	- 	-
Human Services 	- 	4,825 	- 	- 	-
Industry Development 	950 	- 	- 	- 	-
- 	- 	- 	- 	-
Other 	- 	- 	- 	- 	-
Assigned to:
Debt Service 	- 	- 	- 	- 	-
Transportation Projects 	- 	- 	- 	- 	-
Parks Projects 	- 	- 	- 	- 	-
Planning Projects 	- 	- 	- 	- 	-
Public Safety 	- 	- 	- 	- 	-
Other 	3,707 	- 	- 	- 	-
Unassigned:
Unassigned 	- 	- 	- 	- 	-
Total Fund Balances 	4,657	$ 	4,825	$ 	3,898	$ 	629	$ 	2,762	$
Other Facilities Improvement
Other Grants
Building
Other Infrastructure and Development
Other Grants
Human Services
Housing and Urban Development
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METROPOLITAN 	OTHER FEDERAL, 	BETTER 	STATE HOUSING 	NON-BUDGETED
PLANNING 	STATE AND 	JACKSONVILLE 	HOUSING AND 	INITIATIVE 	GENERAL
ORGANIZATION 	LOCAL GRANTS 	PLAN TRUST 	NEIGHBORHOODS 	PARTNERSHIP 	GOVERNMENT
-	$ 	-	$ 	-	$ 	-	$ 	-	$ 	-	$
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	28,599 	18,676 	-
- 	- 	- 	- 	- 	-
- 	106 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
125 	263 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	920
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	5,043
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	21,167 	- 	- 	-
- 	4,583 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	355 	- 	- 	- 	4,604
- 	5,070 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	4,462 	- 	- 	- 	-
- 	- 	- 	- 	- 	3,803
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
-
- 	- 	- 	- 	- 	-
125	$ 	14,839	$ 	21,167	$ 	28,599	$ 	18,676	$ 	14,370	$
(continued)
NONMAJOR
SPECIAL REVENUE FUNDS
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2009
19. FUND BALANCE DISCLOSURE (continued)
A. FUND BALANCE CLASSIFICATION (continued)
OTHER
GENERAL 	NON-BONDED 	RIVER CITY
BONDED DEBT 	DEBT 	GENERAL 	BOND 	GRANT 	RENAISSANCE
OBLIGATIONS 	OBLIGATIONS 	PROJECTS 	PROJECTS 	PROJECTS 	PROJECT
FUND BALANCES:
Non Spendable:
Inventories 	-	$ 	-	$ 	-	$ 	-	$ 	-	$ 	-	$
Other 	- 	- 	- 	- 	- 	-
Spendable:
Restricted for:
Debt Service Reserved by Debt Covenants 	- 	- 	- 	- 	- 	-
Waterway Projects 	- 	- 	- 	- 	1,266 	-
Shipyard Project 	- 	- 	- 	3,122 	- 	-
Park Projects 	- 	- 	- 	2,823 	2,846 	142
Conservation and Resource Management 	- 	- 	- 	- 	-
Transportation Projects 	- 	- 	- 	9,734 	859 	3,267
- 	- 	- 	- 	616 	1,112
- 	- 	- 	- 	- 	-
Regional Stormwater Facilities 	- 	- 	- 	9,022 	- 	-
Environmental 	- 	- 	- 	- 	- 	-
Drainage System Projects 	- 	- 	- 	2,213 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	1,832 	- 	-
Public Safety 	- 	- 	- 	- 	-
- 	- 	- 	1,826 	- 	-
- 	- 	954
Other 	- 	- 	- 	356 	50 	-
Committed to:
City Council Emergency Use 	- 	- 	- 	- 	- 	-
Debt Service 	- 	- 	- 	- 	- 	-
Drainage Projects 	- 	- 	1,779 	- 	- 	-
Waterway Projects 	- 	- 	- 	- 	1,829 	-
Water-Sewer Combination 	- 	- 	9,522 	- 	- 	-
Park Projects 	- 	- 	1,660 	- 	1,369 	-
Planning Projects 	- 	- 	- 	- 	- 	-
Physical Environment 	- 	- 	8,924 	- 	- 	-
Conservation and Resource Management 	- 	- 	- 	- 	- 	-
Transportation Projects 	- 	- 	9,729 	- 	- 	-
Emergency and Disaster Relief 	- 	- 	- 	- 	- 	-
Court Projects 	- 	- 	- 	- 	- 	-
Public Safety 	- 	- 	20 	- 	- 	-
Human Services 	- 	- 	- 	- 	- 	-
Industry Development 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	-
Other 	- 	- 	3,645 	- 	574 	-
Assigned to:
Debt Service 	- 	197 	- 	- 	- 	-
Transportation Projects 	- 	- 	- 	- 	- 	-
Parks Projects 	- 	- 	- 	- 	- 	-
Planning Projects 	- 	- 	- 	- 	- 	-
Public Safety 	- 	- 	- 	- 	- 	-
Other 	- 	- 	- 	- 	- 	-
Unassigned:
Unassigned 	- 	- 	- 	- 	- 	-
Total Fund Balances 	-	$ 	197	$ 	35,279	$ 	31,882	$ 	9,409	$ 	4,521	$
Other Infrastructure and Development
Other Facilities Improvement
CAPITAL PROJECTS FUNDS
NONMAJOR
Other Grants
Human Services
Other Grants
NONMAJOR
DEBT SERVICE FUNDS
Housing and Urban Development
Building
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NONMAJOR
PERMANENT FUND
CEMETERY
MAINTENANCE
FUNDS 	2009 	2008
-	$ 	6,259	$ 	4,300	$
123 	123 	123
- 	102,731 	75,018
- 	1,266 	964
- 	3,122 	-
- 	5,811 	2,348
- 	642 	524
- 	13,860 	12,850
- 	1,728 	894
- 	629 	-
- 	9,022 	9,579
- 	- 	7,777
- 	2,213 	4,046
- 	51,173 	39,278
- 	1,832 	-
- 	106 	158
- 	1,826 	-
- 	954 	-
- 	794 	1,897
- 	44,112 	40,000
- 	- 	22,039
- 	2,841 	5,439
- 	1,829 	1,963
- 	9,522 	27,235
- 	12,475 	9,565
- 	9,971 	25,997
- 	8,924 	2,148
- 	21,553 	24,155
- 	132,045 	112,462
- 	10,932 	8,392
- 	10,448 	10,045
- 	17,344 	12,306
- 	9,895 	12,414
- 	4,269 	6,325
- 	4,462 	5,666
94 	10,588 	20,292
- 	5,057 	23,777
- 	142 	371
- 	273 	276
- 	1,124 	874
- 	1,442 	1,289
- 	3,840 	240
- 	3,698 	34,820
217	$ 	530,877	$ 	567,846	$
ALL FUNDS
(continued)
TOTAL
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REQUIRED SUPPLEMENTAL INFORMATION
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CITY OF JACKSONVILLE, FLORIDA
GENERAL FUND AND MAJOR SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
GENERAL FUND
VARIANCE WITH
FINAL BUDGET-
BUDGETARY 	POSITIVE
ORIGINAL 	FINAL 	ACTUAL 	ENCUMBRANCES 	ACTUAL 	(NEGATIVE)
REVENUE:
Property taxes.................................................................... 	$ 454,049 	$ 454,049 	$ 458,539 	-	$ 	$ 458,539 	$ 4,490
Utility service taxes........................................................... 	123,846 	123,846 	118,453 	- 	118,453 	(5,393)
Sales and use taxes........................................................... 	1,311 	1,311 	1,101 	- 	1,101 	(210)
Franchise Fees................................................................... 	40,714 	40,714 	38,891 	- 	38,891 	(1,823)
Licenses and permits......................................................... 	8,584 	8,584 	7,883 	- 	7,883 	(701)
Intergovernmental.............................................................. 	143,485 	143,484 	122,056 	- 	122,056 	(21,428)
Charges for services........................................................... 	73,538 	73,617 	69,713 	- 	69,713 	(3,904)
Fines and forfeitures.......................................................... 	4,697 	4,697 	3,364 	- 	3,364 	(1,333)
JEA contribution................................................................ 	96,688 	96,962 	96,962 	- 	96,962 	-
Interest............................................................................... 	13,190 	13,541 	21,918 	- 	21,918 	8,377
Other.................................................................................. 	18,990 	19,004 	20,267 	- 	20,267 	1,263
Total Revenue............................................................................ 	979,092 	979,809 	959,147 	- 	959,147 	(20,662)
EXPENDITURES AND ENCUMBRANCES:
Central Operations............................................................. 	21,607 	21,571 	19,890 	733 	20,623 	948
City Council....................................................................... 	9,276 	9,271 	8,813 	139 	8,952 	319
Clerk of the Courts............................................................ 	4,291 	4,291 	3,795 	- 	3,795 	496
Courts................................................................................. 	1,560 	1,560 	1,471 	8 	1,479 	81
Environmental and Compliance........................................ 	18,084 	18,983 	17,877 	232 	18,109 	874
Finance............................................................................... 	9,414 	9,395 	8,495 	37 	8,532 	863
Fire/Rescue........................................................................ 	157,300 	159,102 	152,981 	2,372 	155,353 	3,749
General Counsel................................................................ 	343 	428 	425 	- 	425 	3
Health Administrator......................................................... 	770 	1,328 	1,319 	- 	1,319 	9
Housing and Neighborhoods............................................. 	500 	500 	311 	189 	500 	-
Jacksonville Children's Commission................................. 	6,531 	6,531 	4,792 	1,640 	6,432 	99
Jacksonville Human Rights Commission.......................... 	1,244 	1,244 	1,223 	10 	1,233 	11
Mayor................................................................................. 	2,356 	2,356 	2,079 	- 	2,079 	277
Mayor's Boards and Commissions.................................... 	439 	464 	462 	1 	463 	1
Medical Examiner.............................................................. 	3,119 	3,110 	2,927 	50 	2,977 	133
Property Appraiser............................................................. 	9,353 	9,462 	9,079 	99 	9,178 	284
Public Defender................................................................. 	914 	914 	882 	- 	882 	32
Planning and Development................................................ 	9,677 	9,537 	8,447 	700 	9,147 	390
Pension Funds.................................................................... 	15 	15 	- 	- 	- 	15
Public Libraries.................................................................. 	38,796 	38,769 	37,131 	527 	37,658 	1,111
Public Works..................................................................... 	85,739 	85,735 	81,802 	3,590 	85,392 	343
Recreation and Community Services 	57,622 	54,743 	50,600 	1,729 	52,329 	2,414
State Attorney.................................................................... 	631 	534 	459 	10 	469 	65
Supervisor of Elections...................................................... 	8,261 	8,496 	7,506 	347 	7,853 	643
Office of the Sheriff........................................................... 	342,911 	344,582 	331,331 	4,048 	335,379 	9,203
Tax Collector..................................................................... 	17,020 	17,453 	14,942 	186 	15,128 	2,325
Federal Program Reserve................................................... 	2,058 	689 	- 	- 	- 	689
Contribution to Shands-Jacksonville................................. 	23,776 	23,776 	23,776 	- 	23,776 	-
Cash Carryover Reserves................................................... 	38,602 	38,602 	- 	- 	- 	38,602
Jacksonville Misc. Citywide Activities............................. 	28,417 	37,603 	34,652 	58 	34,710 	2,893
Total Expenditures..................................................................... 	900,626 	911,044 	827,467 	16,705 	844,172 	66,872
EXCESS OF REVENUE OVER (UNDER)
EXPENDITURES............................................................ 	78,466 	68,765 	131,680 	(16,705) 	114,975 	46,210
OTHER FINANCING SOURCES (USES):
Long Term Debt Issued..................................................... 	7,245 	9,188 	5,292 	- 	5,292 	(3,896)
Operating transfers in........................................................ 	5,224 	6,069 	6,113 	- 	6,113 	44
Operating transfers out...................................................... 	(142,178) 	(135,535) 	(131,062) 	- 	(131,062) 	4,473
Total Other Financing Sources (Uses)....................................... 	(129,709) 	(120,278) 	(119,657) 	- 	(119,657) 	621
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 	(51,243) 	(51,513) 	12,023 	(16,705) 	(4,682) 	46,831
FUND BALANCES - BEGINNING......................................... 	98,158 	98,158 	98,158 	- 	98,158 	-
FUND BALANCES - ENDING.............................................. 	46,915 	46,645 	110,181 	(16,705) 	93,476 	46,831
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	BUDGETARY DATA
The City uses the following procedures in establishing the budgetary data reflected in the
financial statements.
A. The City adopts its budget in accordance with Chapters 129 and 200, Florida Statutes,
the City Charter and Municipal Ordinance Code.
(1) The Mayor's Proposed Budget is presented to the City Council on the second
Tuesday in July; the budget ordinance, millage levy ordinance and related
resolutions are introduced.
(2) During the first Council meeting in September, public hearings are held on both
the budget and the millage rate. Following the public hearings, the Council adopts
a tentative budget and tentative millage rate. A final budget and millage is
adopted by full Council, and is effective on October 1.
The City presents a Budgetary Comparison Schedule as Required Supplementary
Information for the General Fund and each major special revenue fund with a legally
adopted budget. For the Fiscal Year 2009, no special revenue funds met the criteria to
be reported as a major fund. 	The City has opted to make this presentation in the
format and classifications of the budget document. These schedules report actual
expenditures using generally accepted accounting principles as well as expenditures
on the budgetary basis, which include amounts encumbered for future spending.
B. All funds of each governmental fund type with legally adopted annual budgets are
included in the Schedule of Revenue, Expenditures, and Changes in Fund Balance -
Budget and Actual.
C. The City adopts annual budgets for the General Fund, certain Special Revenue Funds,
and Proprietary Funds. The City reports Budgetary Comparisons for its General Fund
and Major Special Revenue Funds in the Required Supplementary Information
section of the report. 	None of these funds had an excess of expenditures over
appropriations for the year ended September 30, 2009. Proprietary Fund budgets are
adopted for management control purposes. 	The City is not required to include
Budgetary Comparisons for Proprietary Funds in this report. 	Project or program
budgets, which may not coincide with the City's fiscal year, or which may exceed a
single annual period, are adopted by separate ordinance for most Special Revenue
Funds and Capital Project Funds. Budgets are not formally adopted for Debt Service
Funds as internal spending controls are set by compliance with bond covenants. The
Special Revenue Funds which are not budgeted annually include the following:
Community 	Development 	Block 	Grant, 	Job 	Training 	Partnership 	Act 	Grant,
Maintenance, Parks and Recreation, Metropolitan Planning Organization, Other
Federal, State and Local Grants, Better Jacksonville Trust Fund, Housing and
Neighborhoods, State Housing Initiative Partnership, and Non-Budgeted General
Government.
D. Level of Budgetary Control - Expenditures may not exceed appropriations and are
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CITY OF JACKSONVILLE, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
1. 	BUDGETARY DATA (continued)
controlled in the following manner:
(1) The budget is adopted by ordinance which sets the legal level of control at the
fund level by department.
(2) The 	City 	has 	adopted 	more 	stringent 	administrative 	policies 	that 	control
expenditures 	at 	the 	major 	category 	(Personal 	Services, 	Operating 	Expense,
Capital Outlay, Debt Service) level within divisions within individual funds.
(3) The City, additionally, has adopted a Municipal Ordinance Code Policy that
provides transfer authority to the mayor, without City Council approval, within an
individual fund if the total transferred funds for a specific purpose, project or
issue is under $750,000 during the fiscal year. These transfers are reported to the
Finance Committee on a quarterly basis.
E. Supplemental Appropriations - The City Council may, through passage of an
ordinance, amend the budget in any manner permissible under state and local law,
with one exception. Bond covenants, trust and agency agreements, and certain clauses
of ordinances in effect may restrict certain budgetary items in terms of amount or use.
In certain instances the City may supplement the appropriations in a fund due to
unexpected high levels of receipts or under estimates of carry forward balances.
Supplemental appropriations to the Fiscal Year 2009 Annual Budget Ordinance were
made throughout the year, the effects of which were not material.
F. 	All appropriations in annually budgeted funds, except for amounts corresponding to
outstanding encumbrances, lapse at year-end or at the close of the authorizing
project/program, unless specifically carried forward by ordinance.
G. Formal budgetary integration is used as a management control device for all funds of
the City, except certain Debt Service Funds as explained in Note to RSI 1.C.
H. The City’s Annual Financial Plan, or published budget document, may be obtained
from the City’s Budget Office located at 117 West Duval Street, Suite 325,
Jacksonville, Florida 32202.
I. 	The Clerk of Court special revenue budget is not approved by the City. 	It is
submitted and approved by the state.
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CITY OF JACKSONVILLE, FLORIDA
REQUIRED SUPPLEMENTAL INFORMATION
SCHEDULE OF EMPLOYER CONTRIBUTIONS
CITY OF JACKSONVILLE RETIREMENT SYSTEM
SEPTEMBER 30, 2009
(in thousands)
Plan Year 	Annual 	Alloted from
Ending 	Required 	City Cash 	Past Excess 	Total Employer 	Percentage
September 30 	Contributions 	Contributions 	Contributions 	Contributions 	Contributed
Combined Plans
2001 	12,235	$ 	125	$ 	12,110	$ 	12,235	$ 	100%
2002 	12,724 	- 	12,724 	12,724 	100%
2003 	19,003 	8 	18,995 	19,003 	100%
2004 	25,775 	23,773 	2,002 	25,775 	100%
General Employees Pension Plan
2005 	27,724	$ 	14,607	$ 	13,117	$ 	27,724	$ 	100%
2006 	28,670 	7,934 	20,736 	28,670 	100%
2007 	29,297 	29,581 	- 	29,581 	101%
2008 	29,371 	29,488 	- 	29,488 	100%
2009 	29,491 	29,530 	- 	29,530 	100%
Corrections Officers Plan
2005 	3,233	$ 	1,787	$ 	1,446	$ 	3,233	$ 	100%
2006 	1,917 	1,917 	- 	1,917 	100%
2007 	1,830 	2,482 	- 	2,482 	136%
2008 	4,329 	4,350 	- 	4,350 	100%
2009 	5,268 	5,101 	146 	5,247 	100%
Certain adjustments are made to the annual required contribution if the plan carries a net pension obligation
(NPO) The net pension obligation (asset if a credit) is defined in GASB No. 27 as the cumulative difference at
the date of adoption (or transition) between annual requirements and actual contributions plus the cumulative
difference between the requirements and contributions after that date. For 2009, additional interest credits
attributable to the timing of contribution payments resulted in a net pension credit (negative NPO) of
$10 thousand for the plan as a whole represented by a net pension credit (negative NPO) of $156 thousand for
General Employees offset by a net pension debit (positive NPO) of $146 thousand for Corrections.
Note that the net pension asset is not the same as "past excess contributions," which stands for the
difference, including interest, between the City's contributions for a plan year and that year's funding requirement
determined as though the fund's assets did not include any contributions made in a prior year in excess
of that year's requirement.
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CITY OF JACKSONVILLE, FLORIDA
REQUIRED SUPPLEMENTAL INFORMATION
SCHEDULE OF EMPLOYER CONTRIBUTIONS
POLICE AND FIRE RETIREMENT SYSTEM
SEPTEMBER 30, 2009
(in thousands)
Plan Year 	Annual 	City 	Allocated from 	Court Fines and 	Total 	Total
Ending 	Required 	Cash 	Contribution 	Premium-Tax 	Employer 	Member 	Percentage
September 30 	Contributions 	Contributions 	Reserves 	Refunds 	Contributions 	Contributions 	Contributed
2004 	39,295 	22,098 	769 	7,654 	30,521 	8,774 	100%
2005 	50,727 	25,851 	8,753 	6,541 	41,145 	9,582 	100%
2006 	53,263 	34,712 	2,106 	6,800 	43,618 	9,646 	100%
2007 	55,927 	42,866 	(4,358) 	7,062 	45,570 	10,357 	100%
2008 	65,389 	47,145 	443 	7,150 	54,738 	10,651 	100%
2009 	67,993 	49,246 	329 	7,211 	56,785 	11,207 	100%
Notes: In all years shown, 100% of the ARC has been contributed thus producing a Net Pension Obligation of $0 for all years.
City Cash Contributions shown above do not include employer buyback contributions.
Total Member Contributions shown above include DROP contributions, but do not include employee buyback contributions.
See accompanying notes.
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CITY OF JACKSONVILLE, FLORIDA
REQUIRED SUPPLEMENTAL INFORMATION
SCHEDULE OF FUNDING PROGRESS
CITY OF JACKSONVILLE RETIREMENT SYSTEM
SEPTEMBER 30, 2009
(in thousands)
Actuarial 	Actuarial 	Annual 	UAAL as a %
Value of 	Accrued Liability 	Funded 	Covered 	of Covered
Assets (2) 	(AAL) (1) 	Unfunded AAL 	Ratio 	Payroll 	Payroll
Valuation Date 	(a) 	(b) 	(b-a) 	(a/b) 	( c ) 	((b-a)/c)
Combined Plans
9/30/2001 	1,459,649	$ 	1,511,829	$ 	52,180	$ 	96.55% 	234,684	$ 	22.2%
9/30/2002 	1,425,708 	1,528,742 	103,034 	93.26% 	243,446 	42.3%
9/30/2003 	1,426,783 	1,611,958 	185,175 	88.51% 	237,373 	78.0%
9/30/2004 	1,496,315 	1,810,451 	314,136 	82.65% 	236,540 	132.8%
General Employees Pension Plan
9/30/2005 	1,509,710	$ 	1,734,997	$ 	225,287	$ 	87.02% 	226,819	$ 	99.3%
9/30/2006 	1,593,296 	1,812,972 	219,676 	87.88% 	237,108 	92.6%
9/30/2007 	1,712,461 	1,904,929 	192,468 	89.90% 	248,887 	77.3%
9/30/2008 	1,673,435 	2,004,279 	330,844 	83.49% 	262,345 	126.1%
9/30/2009 	1,591,345 	2,065,464 	474,119 	77.05% 	276,257 	171.6%
Corrections Officers Plan
9/30/2005 	60,106	$ 	75,151	$ 	15,044	$ 	79.98% 	26,256	$ 	57.3%
9/30/2006 	68,791 	104,126 	35,335 	66.07% 	27,702 	127.6%
9/30/2007 	78,458 	116,945 	38,487 	67.09% 	27,083 	142.1%
9/30/2008 	83,056 	137,830 	54,774 	60.26% 	26,334 	208.0%
9/30/2009 	86,358 	181,031 	94,673 	47.70% 	27,661 	342.3%
(1) Actuarial Assumptions provided in the notes to financial statements
(2) Net of the unassigned past-excess contributions separate account
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CITY OF JACKSONVILLE, FLORIDA
REQUIRED SUPPLEMENTAL INFORMATION
SCHEDULE OF FUNDING PROGRESS
POLICE AND FIRE RETIREMENT SYSTEM
SEPTEMBER 30, 2009
(in thousands)
Actuarial
Actuarial 	Accrued 	Annual 	UAAL
Value of 	Liability 	Unfunded 	Funded 	Covered 	as a % of
Valuation 	Assets 	(AAL) (1) 	AAL 	Ratio 	Payroll 	Covered Payroll
Date 	(a) 	(b) 	(b-a) 	(a/b) 	(c) 	((b-a)/c)
09/30/04 	727,955 	1,222,355 	494,400 	59.55% 	118,510 	417.18%
09/30/05 	765,180 	1,314,424 	549,244 	58.21% 	130,392 	421.23%
09/30/06 	827,338 	1,376,659 	549,321 	60.10% 	134,694 	407.83%
09/30/07 	930,454 	1,464,508 	534,054 	63.53% 	143,006 	373.45%
09/30/08 	894,903 	1,692,975 	798,071 	52.86% 	148,277 	538.23%
09/30/09 	855,997 	1,753,946 	897,949 	48.80% 	155,558 	577.24%
(1) Actuarial Assumptions provided in the notes to the financial statements
(2) This account was redefined by the Restated Agreement effective April 1, 2000.
As of September 30, 2009, the value of the City Budget Stabilization Account was
$0 and the Enhanced Benefit Account was $13,048,401. These amounts
are not included in the Actuarial Value of Assets.
See accompanying notes.
(2)
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CITY OF JACKSONVILLE, FLORIDA
REQUIRED SUPPLEMENTAL INFORMATION
SCHEDULE OF FUNDING PROGRESS
CITY OF JACKSONVILLE POST EMPLOYMENT BENEFITS OTHER THAN PENSION (OPEB)
SEPTEMBER 30, 2009
(in thousands)
Actuarial 	Actuarial 	Unfunded 	Annual 	UAAL as
Valuation 	Accrued 	Value 	AAL 	Percentage 	Covered 	Percentage
Date 	Liability (AAL) 	of Assets 	(UAAL) 	Funded 	Payroll 	of Payroll
9/30/2007 	$175,117 	$0 	$175,117 	0.00% 	$370,069 (3) 	47.32%
9/30/2009 	$136,879 	$0 	$136,879 	0.00% 	$386,761 	35.39%
(1) Valuation information was available for the FY2007 and FY2009 study only.
(2) Actuarial Assumptions provided in the notes to financial statements. The City is not funding the AAL.
(3) FY2008 Annual Covered Payroll
(4) The decrease in Actuarial Accrued Liability (AAL) from fiscal year 2007 to 2009 was due to the following:
(a) A 4.5% discount rate was used in fiscal year 2009 as compared to a 4.0% discount rate in fiscal year 2007.
(b) Used marginally lower participation assumptions based on actual data provided by the City.
(c) The other key assumption that changed was the treatment of retirees who are not eligible for Medicare.
Based on the information provided by the City's health insurance carrier (Aetna), fiscal year 2009
assumed that 10% of the current retirees would not be eligible for Medicare.
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NON-MAJOR GOVERNMENTAL FUNDS:
SPECIAL REVENUE FUNDS
Special Revenue Funds account for the proceeds of specific revenue sources (other than
expendable trusts and major capital projects) that are legally restricted to expenditure for
specific purposes as described below.
The Concurrency Management Fund provides funding for maintenance and update of the
Concurrency Management System which is the basis for ensuring compliance with the 2010
Comprehensive Plan.
The Air Pollution Control and Monitoring Fund receives revenue from licenses and fees,
and contributions from the federal government to monitor and control environmental
problems related to the air quality in Jacksonville.
Tourism Development Fund collects revenues from tourist and convention development
taxes to fund tourism programs sponsored by the Tourist Development Council through the
City.
The Clerk of the Circuit Court Fund receives revenue collected on behalf of the state and
City by the courts system for various judgments, fines, bonds, fees and licenses, and other
miscellaneous amounts. 	The Fund includes Public Records Modernization activity which
receives revenues from a service charge authorized by Florida Statute 28.24(15)(d) to be
held in trust and used exclusively for equipment, personnel training, and technical assistance
in modernizing the official public records system of the Clerk’s office.
The Transportation Fund accounts for revenue from the City's six cent local option gas
tax, the state-shared 5th and 6th cent gas tax, and the one-half cent local option sales tax
used to fund major road and related capital infrastructure construction and maintenance and
the City's mass transit and automated skyway express system operations.
The Budgeted General Government Fund accounts for numerous smaller accounts whose
revenues are dedicated to a variety of specific purposes.
The Public Safety Fund funds specific public safety programs through user fees and
intergovernmental revenue for emergency management planning and disaster medical
services provided by the Office of the Sheriff and the City Department of Fire and Rescue.
The Emergency 9-1-1 Fund receives revenues from a fee added to the telephone bill of
telephone customers that may be used for system operations and improvements.
The Tax Increment Districts Fund receives a distribution of ad valorem tax revenue levied
and collected in the City's four tax increment districts used to promote future commercial
business development that expands property tax base values in the City's core downtown
areas and the northwest region.
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The Jacksonville Children's Commission Fund receives City funds, and various grants, to
serve as the community coalition for children. 	The autonomous board has the ongoing
responsibility of improving the lives of Jacksonville's children by serving as the central focus
for the evaluation, planning and distribution of funds for children's services that are
consistent with City programs and goals.
The Community Development Block Grant Fund receives monies from the federal
government in the form of community development block grants made available to specific
targeted areas of Jacksonville to assist in rehabilitation and revitalization in support of the
area's future economic growth and stability.
The Job Training Partnership Act Grant Fund accounts for direct federal assistance to
the Private Industry Council of Jacksonville in providing employment and training services
to the economically disadvantaged and displaced citizens of Jacksonville through
cooperative efforts with local private sector businesses.
The Maintenance, Parks and Recreation Fund receives revenues from user fees and
charges from parks and recreation facilities that are dedicated to parks maintenance and
improvements, and acquisition of new recreational facilities.
The Metropolitan Planning Organization Fund receives funds from the Federal Highway
Department and the Federal Urban Mass Transportation Administration, and the Florida
Department of Transportation for planning the future of Jacksonville's metropolitan area,
principally in the area of transportation.
The Other Federal, State and Local Grants Fund records all other miscellaneous grants
administered by the City from federal, state and local sources not specifically accounted for
by other funds covering diverse programs such as: day care, adult homemaker, beach
erosion, base conversion and redevelopment, economic capital development, aids treatment
care, senior services and nutrition, crime prevention and drug abuse, teenage pregnancy and
childhood development, foster grandparents, and waste tire disposal.
The 	Better 	Jacksonville 	Plan 	Trust 	Fund 	receives 	revenue 	from 	the 	half-cent
infrastructure sales tax. All monies placed into this trust are appropriated for Debt Service
requirements and contributions to the Better Jacksonville Capital Projects Fund.
Housing and Neighborhoods was designated as the housing agency for Affordable
Housing, State Housing Initiative Partnership funds, and all other matters related to housing,
with the exception of those matters which fall within the responsibility of the Jacksonville
Housing Authority.
The State Housing Initiative Partnership Fund accounts for revenue collected by the
Clerk of the Circuit Court on certain property transactions in Duval county passed from the
State earmarked for housing assistance and financial incentive programs to increase the
availability of affordable housing in Jacksonville including down payment assistance, home
owner repair and rehabilitation and acquisition of existing single family dwellings for home
ownership.
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The Non-Budgeted General Government Fund accounts for numerous smaller funds
whose revenues are dedicated to a variety of specific purposes.
DEBT SERVICE FUNDS
Debt Service Funds account for the accumulation of resources for, and the payment of,
interest and principal on most general governmental obligations. Individual debt service
funds are described below.
The General Bonded Debt Obligations Fund accounts for the accumulation of resources
for, and the payment of, principal and interest on the Duval County Certificates of
Indebtedness of 1972 General Obligation Bonds of the construction of the Police
Administration Complex.
The Other Non-Bonded Debt Obligations Fund accounts for the accumulation of
resources for, and the payment of, principal and interest on other non-bonded debt
obligations.
CAPITAL PROJECTS FUNDS
Capital Projects Funds account for financial resources segregated for the construction or
acquisition of major capital facilities (other than those financed by proprietary funds and
fiduciary funds). Descriptions of individual funds in this fund type follow.
The General Projects Fund receives monies appropriated from the General Fund and other
sources including proceeds from non-bonded debt for general capital improvements.
The Bond Projects Fund receives proceeds from the sale of bonded debt issued by the City
to fund major capital improvement projects.
The Grant Projects Fund accounts for monies received by the City under various federal,
state and local grants restricted to expenditure of specific capital improvements funded under
the grant program.
The River City Renaissance Project Fund accounts for proceeds of a comprehensive
capital improvement initiative (the "River City Renaissance") for projects concerning the
environment, children, health and social services, economic development, neighborhoods
and downtown, parks and recreation, and the arts.
PERMANENT FUND
The Permanent Fund is used to report resources that are legally restricted to the extent that
only earnings, and not principal, may be used for purposes that benefit the government or its
citizenry. The City accounts for its Cemetery Maintenance Funds as a Permanent Fund.
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CITY OF JACKSONVILLE, FLORIDA
COMBINING BALANCE SHEET -
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
SPECIAL REVENUE FUNDS
AIR POLLUTION 	CLERK
CONCURRENCY 	CONTROL AND 	TOURISM 	OF THE
MANAGEMENT 	MONITORING 	DEVELOPMENT 	COURT
ASSETS
Equity in cash and investments........................................................... 	$ 	64,529 	$ 	1,123 	$ 	4,054 	$ 	2,024
Cash in escrow and with fiscal agents................................................. 	- 	- 	100 	906
Receivables (net, where applicable, of
allowances for uncollectibles):
Accounts ................................................................................... 	- 	- 	- 	-
Mortgages.................................................................................. 	- 	- 	- 	-
Others......................................................................................... 	- 	- 	- 	-
Due from other funds........................................................................... 	- 	- 	- 	-
Due from independent agencies and other governments..................... 	- 	272 	- 	-
TOTAL ASSETS............................................................................... 	$ 64,529 	$ 1,395 	$ 4,154 	$ 2,930
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable and accrued liabilities....................................... 	$ 	17 	$ 	113 	$ 	46 	$ 	730
Contracts payable........................................................................... 	89 	- 	- 	-
Due to other funds.......................................................................... 	- 	- 	- 	-
Due to individuals.......................................................................... 	- 	- 	- 	-
Deposits.......................................................................................... 	362 	- 	- 	2,000
Advances from other funds............................................................ 	- 	- 	- 	-
Unearned revenue........................................................................... 	- 	- 	- 	-
TOTAL LIABILITIES...................................................................... 	468 	113 	46 	2,730
FUND BALANCES:
Non Spendable:
Non Spendable........................................................................... 	- 	- 	- 	-
Spendable:
Restricted................................................................................... 	- 	642 	- 	-
Committed................................................................................. 	64,061 	640 	4,108 	200
Assigned.................................................................................... 	- 	- 	- 	-
Unassigned................................................................................. 	- 	- 	- 	-
Total Fund Balances............................................................................ 	64,061 	1,282 	4,108 	200
TOTAL LIABILITIES AND FUND BALANCES......................... 	$ 64,529 	$ 1,395 	$ 4,154 	$ 2,930
See accompanying notes.
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SPECIAL REVENUE FUNDS
BUDGETED 	JACKSONVILLE
TRANSPORTATION 	GENERAL 	PUBLIC 	EMERGENCY 	TAX INCREMENT 	CHILDREN'S
FUND 	GOVERNMENT 	SAFETY 	9-1-1 	DISTRICTS 	COMMISSION
$ 	25,134 	$ 	36,467 	$ 	308 	$ 	6,565 	$ 	4,674 	$ 	3,213
- 	- 	- 	- 	- 	-
- 	2 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
14,814 	428 	909 	- 	- 	2,813
$ 39,948 	$ 36,897 	$ 1,217 	$ 6,565 	$ 4,674 	$ 6,026
$ 	857 	$ 	916 	$ 	7 	$ 	216 	$ 	17 	$ 	1,201
18 	- 	- 	- 	- 	-
- 	- 	3,000 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	262 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
875 	1,178 	3,007 	216 	17 	1,201
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
39,073 	35,719 	525 	6,349 	950 	4,825
- 	- 	- 	- 	3,707 	-
- 	- 	(2,315) 	- 	- 	-
39,073 	35,719 	(1,790) 	6,349 	4,657 	4,825
$ 39,948 	$ 36,897 	$ 1,217 	$ 6,565 	$ 4,674 	$ 6,026
(continued)
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CITY OF JACKSONVILLE, FLORIDA
COMBINING BALANCE SHEET -
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands; continued)
SPECIAL REVENUE FUNDS
COMMUNITY
DEVELOPMENT 	JOB TRAINING 	MAINTENANCE, 	METROPOLITAN
BLOCK 	PARTNERSHIP 	PARKS AND 	PLANNING
GRANT 	ACT GRANT 	RECREATION 	ORGANIZATION
ASSETS
Equity in cash and investments............................................................. 	$ 	1,573 	$ 	629 	$ 	3,163 	$ 	125
Cash in escrow and with fiscal agents.................................................. 	391 	- 	- 	-
Receivables (net, where applicable, of
allowances for uncollectibles):
Accounts ................................................................................ 	- 	- 	8 	-
Mortgages............................................................................... 	2,965 	- 	- 	-
Others..................................................................................... 	- 	- 	- 	-
Due from other funds............................................................................ 	- 	- 	- 	-
Due from independent agencies and other governments...................... 	866 	- 	- 	-
TOTAL ASSETS................................................................................. 	$ 5,795 	$ 629 	$ 3,171 	$ 125
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable and accrued liabilities...................................... 	$ 	1,066 	$ 	- 	$ 	409 	$ 	-
Contracts payable.......................................................................... 	- 	- 	- 	-
Due to other funds......................................................................... 	- 	- 	- 	-
Due to individuals......................................................................... 	- 	- 	- 	-
Deposits......................................................................................... 	6 	- 	- 	-
Advances from other funds........................................................... 	- 	- 	- 	-
Unearned revenue......................................................................... 	825 	- 	- 	-
TOTAL LIABILITIES....................................................................... 	1,897 	- 	409 	-
FUND BALANCES:
Non Spendable:
Non Spendable....................................................................... 	- 	- 	- 	-
Spendable:
Restricted................................................................................ 	3,898 	629 	- 	125
Committed.............................................................................. 	- 	- 	2,762 	-
Assigned................................................................................. 	- 	- 	- 	-
Unassigned............................................................................. 	- 	- 	- 	-
Total Fund Balances............................................................................. 	3,898 	629 	2,762 	125
TOTAL LIABILITIES AND FUND BALANCES.......................... 	$ 5,795 	$ 629 	$ 3,171 	$ 125
See accompanying notes.
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SPECIAL REVENUE FUNDS
OTHER FEDERAL, 	BETTER 	STATE HOUSING 	NON-BUDGETED 	TOTALS
STATE AND 	JACKSONVILLE 	HOUSING AND 	INITIATIVE 	GENERAL 	2008
LOCAL GRANTS 	PLAN TRUST 	NEIGHBORHOODS 	PARTNERSHIP 	GOVERNMENT 	2009 	Adjusted for GASB 54
$ 	9,634 	$ 	10,251 	$ 	3,429 	$ 	4,510 	$ 	14,479 	$ 195,884 	$ 186,781
43 	- 	1,837 	- 	1 	3,278 	2,371
- 	- 	- 	- 	2,598 	2,608 	2,670
- 	- 	20,606 	15,046 	- 	38,617 	26,835
- 	- 	- 	- 	15 	15 	-
- 	- 	- 	- 	- 	- 	-
7,336 	10,916 	3,232 	152 	381 	42,119 	49,691
$ 17,013 	$ 21,167 	$ 29,104 	$ 19,708 	$ 17,474 	$ 282,521 	$ 268,348
$ 	2,174 	$ 	- 	$ 	428 	$ 	1,032 	$ 	279 	$ 	9,508 	$ 	16,577
- 	- 	- 	- 	- 	107 	276
- 	- 	- 	- 	- 	3,000 	1,549
- 	- 	- 	- 	203 	203 	441
- 	- 	77 	- 	28 	2,735 	2,909
- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	2,594 	3,419 	3,553
2,174 	- 	505 	1,032 	3,104 	18,972 	25,305
- 	- 	- 	- 	- 	- 	-
369 	- 	28,599 	18,676 	- 	52,938 	40,979
14,470 	21,167 	- 	- 	14,370 	209,219 	203,163
- 	- 	- 	- 	- 	3,707 	-
- 	- 	- 	- 	- 	(2,315) 	(1,099)
14,839 	21,167 	28,599 	18,676 	14,370 	263,549 	243,043
$ 17,013 	$ 21,167 	$ 29,104 	$ 19,708 	$ 17,474 	$ 282,521 	$ 268,348
(continued)
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CITY OF JACKSONVILLE, FLORIDA
COMBINING BALANCE SHEET -
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands; continued)
OTHER
GENERAL 	NON-BONDED
BONDED DEBT 	DEBT 	2008
OBLIGATIONS 	OBLIGATIONS 	2009 	Adjusted for GASB 54
ASSETS
Equity in cash and investments.................................................. 	$ 	- 	$ 197 	$ 197 	$ 144
Cash in escrow and with fiscal agents....................................... 	39 	- 	39 	39
Receivables (net, where applicable, of
allowances for uncollectibles):
Accounts ............................................................................. 	- 	- 	- 	-
Mortgages............................................................................ 	- 	- 	- 	-
Others................................................................................... 	- 	- 	- 	-
Due from other funds................................................................. 	- 	- 	- 	-
Due from independent agencies and other governments........... 	- 	- 	- 	-
TOTAL ASSETS...................................................................... 	$ 39 	$ 197 	$ 236 	$ 183
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable and accrued liabilities................................ 	$ 	39 	$ 	- 	$ 	39 	$ 	39
Contracts payable.................................................................... 	- 	- 	- 	-
Due to other funds................................................................... 	- 	- 	- 	-
Due to individuals................................................................... 	- 	- 	- 	-
Deposits................................................................................... 	- 	- 	- 	-
Advances from other funds..................................................... 	- 	- 	- 	-
Unearned revenue................................................................... 	- 	- 	- 	-
TOTAL LIABILITIES............................................................ 	39 	- 	39 	39
FUND BALANCES:
Non Spendable:
Non Spendable..................................................................... 	- 	- 	- 	-
Spendable:
Restricted............................................................................. 	- 	- 	- 	-
Committed........................................................................... 	- 	- 	- 	-
Assigned.............................................................................. 	- 	197 	197 	144
Unassigned........................................................................... 	- 	- 	- 	-
Total Fund Balances................................................................... 	- 	197 	197 	144
TOTAL LIABILITIES AND FUND BALANCES................ 	$ 39 	$ 197 	$ 236 	$ 183
See accompanying notes.
TOTALS
DEBT SERVICE FUNDS
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RIVER CITY 	TOTALS
GENERAL 	BOND 	GRANT 	RENAISSANCE 	2008
PROJECTS 	PROJECTS 	PROJECTS 	PROJECT 	2009 	Adjusted for GASB 54
$ 51,282 	$ 13,021 	$ 7,986 	$ 4,521 	$ 	76,810 	$ 	124,936
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
432 	- 	- 	- 	432 	489
- 	24,000 	- 	- 	24,000 	-
1,079 	- 	3,079 	- 	4,158 	10,197
$ 52,793 	$ 37,021 	$ 11,065 	$ 4,521 	$ 105,400 	$ 135,622
$ 8,130 	$ 3,655 	$ 1,221 	$ - 	$ 13,006 	$ 19,198
452 	1,484 	435 	- 	2,371 	2,520
- 	- 	- 	- 	- 	30
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
8,500 	- 	- 	- 	8,500 	9,164
432 	- 	- 	- 	432 	489
17,514 	5,139 	1,656 	- 	24,309 	31,401
- 	- 	- 	- 	- 	-
- 	31,882 	5,637 	4,521 	42,040 	39,336
35,279 	- 	3,772 	- 	39,051 	64,885
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
35,279 	31,882 	9,409 	4,521 	81,091 	104,221
$ 52,793 	$ 37,021 	$ 11,065 	$ 4,521 	$ 105,400 	$ 135,622
(continued)
CAPITAL PROJECTS FUNDS
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CITY OF JACKSONVILLE, FLORIDA
COMBINING BALANCE SHEET -
NONMAJOR GOVERNMENTAL FUNDS
SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands; continued)
PERMANENT
FUND
CEMETERY
MAINTENANCE
FUNDS
2008 	2008
2009 	Adjusted for GASB 54 	2009 	Adjusted for GASB 54
ASSETS
Equity in cash and investments........................................................ 	$ 217 	$ 	195 	$ 273,108 	$ 312,056
Cash in escrow and with fiscal agents............................................. 	- 	- 	3,317 	2,410
Receivables (net, where applicable, of
allowances for uncollectibles):
Accounts ............................................................................... 	- 	- 	2,608 	2,670
Mortgages.............................................................................. 	- 	- 	38,617 	26,835
Others.................................................................................... 	- 	- 	447 	489
Due from other funds....................................................................... 	- 	- 	24,000 	-
Due from independent agencies and other governments................. 	- 	- 	46,277 	59,888
TOTAL ASSETS............................................................................ 	$ 217 	$ 195 	$ 388,374 	$ 404,348
LIABILITIES AND FUND BALANCES
LIABILITIES:
Accounts payable and accrued liabilities................................. 	$ 	- 	$ 	- 	$ 	22,553 	$ 	35,814
Contracts payable..................................................................... 	- 	- 	2,478 	2,796
Due to other funds.................................................................... 	- 	- 	3,000 	1,579
Due to individuals.................................................................... 	- 	- 	203 	441
Deposits.................................................................................... 	- 	- 	2,735 	2,909
Advances from other funds...................................................... 	- 	- 	8,500 	9,164
Unearned revenue..................................................................... 	- 	- 	3,851 	4,042
TOTAL LIABILITIES.................................................................. 	- 	- 	43,320 	56,745
FUND BALANCES:
Non Spendable:
Non Spendable...................................................................... 	123 	123 	123 	123
Spendable:
Restricted............................................................................... 	- 	- 	94,978 	80,315
Committed............................................................................. 	94 	72 	248,364 	268,120
Assigned................................................................................ 	- 	- 	3,904 	144
Unassigned............................................................................ 	- 	- 	(2,315) 	(1,099)
Total Fund Balances........................................................................ 	217 	195 	345,054 	347,603
TOTAL LIABILITIES AND FUND BALANCES..................... 	$ 217 	$ 195 	$ 388,374 	$ 404,348
See accompanying notes.
FUNDS
TOTALS
TOTAL NONMAJOR
GOVERNMENTAL
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(This page is intentionally left blank.)
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-- 213 of 364 --

CITY OF JACKSONVILLE, FLORIDA
COMBINING STATEMENT OF REVENUE, EXPENDITURES,
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
SPECIAL REVENUE FUNDS
AIR POLLUTION 	CLERK
CONCURRENCY 	CONTROL AND 	TOURISM 	OF THE
MANAGEMENT 	MONITORING 	DEVELOPMENT 	COURT
REVENUE:
Property taxes...................................................................................... 	$ 	- 	$ 	- 	$ 	- 	$ 	-
Sales and tourist taxes......................................................................... 	- 	- 	4,675 	-
Intergovernmental............................................................................... 	- 	2,296 	- 	5,081
Charges for services............................................................................ 	3,575 	- 	- 	18,509
Fines and forfeitures........................................................................... 	- 	- 	- 	-
Interest................................................................................................. 	6,041 	107 	422 	-
Other................................................................................................... 	- 	- 	732 	252
Total Revenue.......................................................................................... 	9,616 	2,403 	5,829 	23,842
EXPENDITURES:
General government....................................................................... 	1,057 	- 	- 	24,238
Human services.............................................................................. 	- 	- 	- 	-
Public safety................................................................................... 	- 	- 	- 	-
Culture and recreation.................................................................... 	- 	- 	560 	-
Transportation................................................................................ 	165 	- 	- 	-
Economic environment................................................................... 	- 	- 	5,758 	-
Physical environment..................................................................... 	- 	2,361 	- 	-
Capital outlay......................................................................................
Debt service:
Principal.......................................................................................... 	- 	- 	- 	-
Interest on fiscal charges................................................................ 	- 	- 	- 	-
Other............................................................................................... 	- 	- 	- 	-
Total Expenditures................................................................................... 	1,222 	2,361 	6,318 	24,238
EXCESS OF REVENUE OVER (UNDER)
EXPENDITURES............................................................................. 	8,394 	42 	(489) 	(396)
OTHER FINANCING SOURCES (USES):
Long term debt issued......................................................................... 	- 	- 	- 	-
Premium on special obligation bonds payable.................................... 	- 	- 	- 	-
Payment to escrow agent - refunded bonds........................................ 	- 	- 	- 	-
Transfers in......................................................................................... 	- 	424 	- 	-
Transfers out....................................................................................... 	(475) 	- 	- 	-
Total Other Financing Sources (Uses)..................................................... 	(475) 	424 	- 	-
NET CHANGE IN FUND BALANCES.............................................. 	7,919 	466 	(489) 	(396)
FUND BALANCES, BEGINNING OF YEAR ................................... 	56,142 	816 	4,597 	596
FUND BALANCES, END OF YEAR.................................................. 	$ 64,061 	$ 1,282 	$ 4,108 	$ 200
See accompanying notes.
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SPECIAL REVENUE FUNDS
BUDGETED 	JACKSONVILLE
TRANSPORTATION 	GENERAL 	PUBLIC 	EMERGENCY 	TAX INCREMENT 	CHILDREN'S
FUND 	GOVERNMENT 	SAFETY 	9-1-1 	DISTRICTS 	COMMISSION
$ 	- 	$ 	- 	$ 	- 	$ 	- 	$ 15,842 	$ 	-
93,189 	- 	- 	- 	- 	-
6,938 	1,585 	3,927 	- 	- 	31,723
- 	10,909 	- 	4,802 	- 	-
- 	997 	- 	- 	- 	-
2,045 	3,107 	61 	601 	- 	458
- 	228 	- 	- 	102 	997
102,172 	16,826 	3,988 	5,403 	15,944 	33,178
- 	5,092 	- 	- 	91 	-
- 	1,045 	- 	- 	- 	26,100
- 	10,768 	5,234 	4,708 	- 	-
- 	119 	- 	- 	- 	-
101,081 	- 	- 	- 	- 	-
- 	- 	- 	- 	5,586 	28,005
- 	6,544 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
101,081 	23,568 	5,234 	4,708 	5,677 	54,105
1,091 	(6,742) 	(1,246) 	695 	10,267 	(20,927)
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	7,014 	- 	- 	- 	16,390
- 	(25) 	- 	- 	(7,977) 	-
- 	6,989 	- 	- 	(7,977) 	16,390
1,091 	247 	(1,246) 	695 	2,290 	(4,537)
37,982 	35,472 	(544) 	5,654 	2,367 	9,362
$ 39,073 	$ 35,719 	($ 1,790) 	$ 6,349 	$ 4,657 	$ 4,825
(continued)
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CITY OF JACKSONVILLE, FLORIDA
COMBINING STATEMENT OF REVENUE, EXPENDITURES,
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
SPECIAL REVENUE FUNDS
COMMUNITY
DEVELOPMENT 	JOB TRAINING 	MAINTENANCE, 	METROPOLITAN
BLOCK 	PARTNERSHIP 	PARKS AND 	PLANNING
GRANT 	ACT GRANT 	RECREATION 	ORGANIZATION
REVENUE:
Property taxes....................................................................... 	$ 	- 	$ 	- 	$ 	- 	$ 	-
Sales and tourist taxes.......................................................... 	- 	- 	- 	-
Intergovernmental................................................................. 	6,435 	- 	- 	-
Charges for services............................................................. 	- 	- 	1,908 	-
Fines and forfeitures............................................................. 	- 	- 	- 	-
Interest.................................................................................. 	- 	62 	284 	-
Other..................................................................................... 	191 	- 	434 	-
Total Revenue............................................................................... 	6,626 	62 	2,626 	-
EXPENDITURES:
General government....................................................... 	- 	- 	- 	-
Human services.............................................................. 	- 	- 	- 	-
Public safety................................................................... 	- 	- 	- 	-
Culture and recreation.................................................... 	- 	- 	4,028 	-
Transportation................................................................ 	- 	- 	352 	-
Economic environment.................................................. 	4,926 	- 	- 	-
Physical environment..................................................... 	- 	- 	- 	-
Capital outlay........................................................................
Debt service:
Principal......................................................................... 	- 	- 	- 	-
Interest on fiscal charges................................................ 	- 	- 	- 	-
Other ............................................................................. 	- 	- 	- 	-
Total Expenditures........................................................................ 	4,926 	- 	4,380 	-
EXCESS OF REVENUE OVER (UNDER)
EXPENDITURES............................................................... 	1,700 	62 	(1,754) 	-
OTHER FINANCING SOURCES (USES):
Long term debt issued.......................................................... 	- 	- 	- 	-
Premium on special obligation bonds payable..................... 	- 	- 	- 	-
Payment to escrow agent - refunded bonds.......................... 	- 	- 	- 	-
Transfers in........................................................................... 	344 	- 	1,728 	-
Transfers out......................................................................... 	(762) 	- 	- 	-
Total Other Financing Sources (Uses).......................................... 	(418) 	- 	1,728 	-
NET CHANGE IN FUND BALANCES.................................... 	1,282 	62 	(26) 	-
FUND BALANCES, BEGINNING OF YEAR ......................... 	2,616 	567 	2,788 	125
FUND BALANCES, END OF YEAR........................................ 	$ 3,898 	$ 629 	$ 2,762 	$ 125
See accompanying notes.
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SPECIAL REVENUE FUNDS
OTHER FEDERAL, 	BETTER 	STATE HOUSING 	NON-BUDGETED 	TOTALS
STATE AND 	JACKSONVILLE 	HOUSING AND 	INITIATIVE 	GENERAL
LOCAL GRANTS 	PLAN TRUST 	NEIGHBORHOODS 	PARTNERSHIP 	GOVERNMENT 	2009 	2008
$ 	- 	$ 	- 	$ 	- 	$ 	- 	$ 	- 	$ 15,842 	$ 13,994
- 	63,330 	- 	- 	- 	161,194 	178,412
19,387 	- 	8,866 	8,128 	190 	94,556 	90,321
- 	- 	1 	- 	2,448 	42,152 	60,118
- 	- 	- 	- 	791 	1,788 	1,539
583 	855 	192 	604 	590 	16,012 	2,966
65 	- 	82 	(249) 	4,281 	7,115 	20,280
20,035 	64,185 	9,141 	8,483 	8,300 	338,659 	367,630
497 	- 	- 	- 	1,006 	31,981 	40,033
9,733 	- 	- 	- 	545 	37,423 	37,557
10,717 	- 	- 	- 	2,639 	34,066 	36,790
912 	- 	- 	- 	1,562 	7,181 	5,967
- 	- 	- 	- 	- 	101,598 	111,839
1,055 	- 	2,562 	5,028 	22 	52,942 	59,588
35 	- 	- 	- 	15 	8,955 	7,802
- 	3,979
- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	-
22,949 	- 	2,562 	5,028 	5,789 	274,146 	303,555
(2,914) 	64,185 	6,579 	3,455 	2,511 	64,513 	64,075
- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	- 	-
4,579 	- 	579 	- 	67 	31,125 	33,296
(60) 	(65,057) 	- 	- 	(776) 	(75,132) 	(94,456)
4,519 	(65,057) 	579 	- 	(709) 	(44,007) 	(61,160)
1,605 	(872) 	7,158 	3,455 	1,802 	20,506 	2,915
13,234 	22,039 	21,441 	15,221 	12,568 	243,043 	240,128
$ 14,839 	$ 21,167 	$ 28,599 	$ 18,676 	$ 14,370 	$ 263,549 	$ 243,043
(continued)
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CITY OF JACKSONVILLE, FLORIDA
COMBINING STATEMENT OF REVENUE, EXPENDITURES,
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
OTHER
GENERAL 	NON-BONDED
BONDED DEBT 	DEBT
OBLIGATIONS 	OBLIGATIONS 	2009 	2008
REVENUE:
Property taxes...................................................................... 	$ 	- 	$ 	- 	$ 	- 	$ 	-
Sales and tourist taxes.......................................................... 	- 	- 	- 	-
Intergovernmental................................................................ 	- 	- 	- 	-
Charges for services............................................................. 	- 	- 	- 	-
Fines and forfeitures............................................................ 	- 	- 	- 	-
Interest................................................................................. 	- 	43 	43 	16
Other.................................................................................... 	- 	- 	- 	-
Total Revenue............................................................................ 	- 	43 	43 	16
EXPENDITURES:
General government............................................................. 	- 	- 	- 	-
Human services.................................................................... 	- 	- 	- 	-
Public safety......................................................................... 	- 	- 	- 	-
Culture and recreation.......................................................... 	- 	- 	- 	-
Transportation...................................................................... 	- 	- 	- 	-
Economic environment........................................................ 	- 	- 	- 	-
Physical environment........................................................... 	- 	- 	- 	-
Capital outlay.......................................................................... 	- 	-
Debt service:
Principal............................................................................... 	- 	840 	840 	730
Interest on fiscal charges..................................................... 	- 	404 	404 	445
Other.................................................................................... 	- 	- 	- 	-
Total Expenditures..................................................................... 	- 	1,244 	1,244 	1,175
EXCESS OF REVENUE OVER (UNDER)
EXPENDITURES.............................................................. 	- 	(1,201) 	(1,201) 	(1,159)
OTHER FINANCING SOURCES (USES):
Long term debt issued.......................................................... 	- 	- 	- 	-
Premium on special obligation bonds payable.................... 	- 	- 	- 	-
Payment to escrow agent - refunded bonds......................... 	- 	- 	- 	-
Transfers in.......................................................................... 	- 	1,254 	1,254 	1,110
Transfers out........................................................................ 	- 	- 	- 	-
Total Other Financing Sources (Uses)....................................... 	- 	1,254 	1,254 	1,110
NET CHANGE IN FUND BALANCES................................. 	- 	53 	53 	(49)
FUND BALANCES, BEGINNING OF YEAR ..................... 	- 	144 	144 	193
FUND BALANCES, END OF YEAR..................................... 	$ 	- 	$ 197 	$ 197 	$ 144
See accompanying notes.
DEBT SERVICE FUNDS
TOTALS
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RIVER CITY 	TOTALS
GENERAL 	BOND 	GRANT 	RENAISSANCE
PROJECTS 	PROJECTS 	PROJECTS 	PROJECT 	2009 	2008
$ 	- 	$ 	- 	$ 	- 	$ 	- 	$ 	- 	$ 	-
- 	- 	- 	- 	- 	-
3,654 	- 	9,598 	- 	13,252 	18,401
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
6,143 	1,847 	430 	433 	8,853 	611
1,309 	- 	60 	- 	1,369 	8,501
11,106 	1,847 	10,088 	433 	23,474 	27,513
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
44,992 	37,092 	12,101 	19 	94,204 	95,918
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	1,240
- 	- 	- 	- 	- 	-
44,992 	37,092 	12,101 	19 	94,204 	97,158
(33,886) 	(35,245) 	(2,013) 	414 	(70,730) 	(69,645)
11,700 	35,777 	- 	- 	47,477 	48,905
- 	- 	- 	- 	- 	-
- 	- 	- 	- 	- 	-
3,839 	- 	2,390 	- 	6,229 	6,547
(6,106) 	- 	- 	- 	(6,106) 	-
9,433 	35,777 	2,390 	- 	47,600 	55,452
(24,453) 	532 	377 	414 	(23,130) 	(14,193)
59,732 	31,350 	9,032 	4,107 	104,221 	118,414
$ 35,279 	$ 31,882 	$ 9,409 	$ 4,521 	$ 81,091 	$ 104,221
CAPITAL PROJECTS FUNDS
(continued)
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CITY OF JACKSONVILLE, FLORIDA
COMBINING STATEMENT OF REVENUE, EXPENDITURES,
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
PERMANENT
FUND
CEMETERY
MAINTENANCE
FUNDS
2009 	2008 	2009 	2008
REVENUE:
Property taxes........................................................................ 	$ 	- 	$ 	- 	$ 15,842 	$ 13,994
Sales and tourist taxes........................................................... 	- 	- 	161,194 	178,412
Intergovernmental................................................................. 	- 	- 	107,808 	108,722
Charges for services.............................................................. 	- 	- 	42,152 	60,118
Fines and forfeitures.............................................................. 	- 	- 	1,788 	1,539
Interest................................................................................... 	22 	- 	24,930 	3,593
Other...................................................................................... 	- 	1 	8,484 	28,782
Total Revenue.................................................................................. 	22 	1 	362,198 	395,160
EXPENDITURES:
General government.............................................................. 	- 	- 	31,981 	40,033
Human services..................................................................... 	- 	- 	37,423 	37,557
Public safety.......................................................................... 	- 	- 	34,066 	36,790
Culture and recreation........................................................... 	- 	- 	7,181 	5,967
Transportation....................................................................... 	- 	- 	101,598 	111,839
Economic environment......................................................... 	- 	- 	52,942 	59,588
Physical environment............................................................ 	- 	- 	8,955 	7,802
Capital outlay........................................................................... 	- 	94,204 	99,897
Debt service:
Principal................................................................................ 	- 	- 	840 	730
Interest on fiscal charges....................................................... 	- 	- 	404 	1,685
Other...................................................................................... 	- 	- 	- 	-
Total Expenditures........................................................................... 	- 	- 	369,594 	401,888
EXCESS OF REVENUE OVER (UNDER)
EXPENDITURES................................................................ 	22 	1 	(7,396) 	(6,728)
OTHER FINANCING SOURCES (USES):
Long term debt issued........................................................... 	- 	- 	47,477 	48,905
Premium on special obligation bonds payable...................... 	- 	- 	- 	-
Payment to escrow agent - refunded bonds........................... 	- 	- 	- 	-
Transfers in............................................................................ 	- 	- 	38,608 	40,953
Transfers out.......................................................................... 	- 	- 	(81,238) 	(94,456)
Total Other Financing Sources (Uses)............................................. 	- 	- 	4,847 	(4,598)
NET CHANGE IN FUND BALANCES...................................... 	22 	1 	(2,549) 	(11,326)
FUND BALANCES, BEGINNING OF YEAR ........................... 	195 	194 	347,603 	358,929
FUND BALANCES, END OF YEAR.......................................... 	$ 217 	$ 195 	$ 345,054 	$ 347,603
See accompanying notes.
TOTAL NONMAJOR
GOVERNMENTAL
FUNDS
TOTALS
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-- 221 of 364 --

CITY OF JACKSONVILLE, FLORIDA
BUDGETARY COMPARISON SCHEDULE
NONMAJOR GOVERNMENTAL FUNDS (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
VARIANCE WITH
FINAL BUDGET -
BUDGETARY 	POSITIVE
ORIGINAL 	FINAL 	ACTUAL ENCUMBRANCES 	ACTUAL 	(NEGATIVE)
REVENUE:
Charges for Services 	$ 2,193 	$ 3,769 	$ 3,575 	$ - 	$ 3,575 	$ (194)
Interest 	123 	126 	6,041 	- 	6,041 	5,915
Total Revenue 	2,316 	3,895 	9,616 	- 	9,616 	5,721
EXPENDITURES:
Planning and Development 	17,933 	15,184 	1,057 	278 	1,335 	13,849
Public Works 	33,152 	37,484 	165 	2,817 	2,982 	34,502
Total Expenditures 	51,085 	52,668 	1,222 	3,095 	4,317 	48,351
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES 	(48,769) 	(48,773) 	8,394 	(3,095) 	5,299 	54,072
OTHER FINANCING (USES):
Operating transfers out 	(408) 	(475) 	(475) 	- 	(475) 	-
Total Other Financing (Uses) 	(408) 	(475) 	(475) 	- 	(475) 	-
NET CHANGE IN FUND BALANCES 	(49,177) 	(49,248) 	7,919 	(3,095) 	4,824 	54,072
FUND BALANCE, BEGINNING 	56,142 	56,142 	56,142 	- 	56,142 	-
FUND BALANCE, ENDING 	$ 6,965 	$ 6,894 	$ 64,061 	$ (3,095) 	$ 60,966 	$ 54,072
BUDGETED AMOUNTS
FUND 110 - CONCURRENCY MANAGEMENT
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CITY OF JACKSONVILLE, FLORIDA
BUDGETARY COMPARISON SCHEDULE
NONMAJOR GOVERNMENTAL FUNDS (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
VARIANCE WITH
FINAL BUDGET -
BUDGETARY 	POSITIVE
ORIGINAL 	FINAL 	ACTUAL 	ENCUMBRANCES 	ACTUAL 	(NEGATIVE)
REVENUE:
Intergovernmental 	$ 2,491 	$ 3,303 	$ 2,296 	$ - 	$ 2,296 	$ (1,007)
Interest 	20 	20 	107 	- 	107 	87
Total Revenue 	2,511 	3,323 	2,403 	- 	2,403 	(920)
EXPENDITURES:
Environmental Resource Management 	2,925 	3,576 	2,361 	23 	2,384 	1,192
Jacksonville Misc Citywide Activities 	46 	46 	- 	- 	- 	46
Total Expenditures 	2,971 	3,622 	2,361 	23 	2,384 	1,238
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES 	(460) 	(299) 	42 	(23) 	19 	318
OTHER FINANCING (USES):
Operating transfers in 	424 	424 	424 	- 	424 	-
Total Other Financing (Uses) 	424 	424 	424 	- 	424 	-
NET CHANGE IN FUND BALANCES 	(36) 	125 	466 	(23) 	443 	318
FUND BALANCE, BEGINNING 	816 	816 	816 	- 	816 	-
FUND BALANCE, ENDING 	$ 780 	$ 941 	$ 1,282 	$ (23) 	$ 1,259 	$ 318
BUDGETED AMOUNTS
FUND 120 - AIR POLLUTION CONTROL AND MONITORING
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CITY OF JACKSONVILLE, FLORIDA
BUDGETARY COMPARISON SCHEDULE
NONMAJOR GOVERNMENTAL FUNDS (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
VARIANCE WITH
FINAL BUDGET -
BUDGETARY 	POSITIVE
ORIGINAL 	FINAL 	ACTUAL ENCUMBRANCES 	ACTUAL 	(NEGATIVE)
REVENUE:
Sales and Use Tax 	$ 5,473 	$ 5,473 	$ 4,675 	$ - 	$ 4,675 	$ (798)
Interest 	63 	91 	171 	- 	171 	80
Other 	248 	732 	983 	- 	983 	251
Total Revenue 	5,784 	6,296 	5,829 	- 	5,829 	(467)
EXPENDITURES:
Finance 	3 	3 	- 	1,467 	1,467 	(1,464)
City Council 	10,083 	9,569 	5,758 	- 	5,758 	3,811
Housing/Neighborhoods 	23 	30 	4 	- 	4 	26
Recreation & Community 	772 	1,273 	556 	556 	717
Jacksonville Misc Citywide Activities 	- 	3 	- 	- 	- 	3
Total Expenditures 	10,881 	10,878 	6,318 	1,467 	7,785 	3,093
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES 	(5,097) 	(4,582) 	(489) 	(1,467) 	(1,956) 	2,626
NET CHANGE IN FUND BALANCES 	(5,097) 	(4,582) 	(489) 	(1,467) 	(1,956) 	2,626
FUND BALANCE, BEGINNING 	4,597 	4,597 	4,597 	- 	4,597 	-
FUND BALANCE, ENDING 	$ (500) 	$ 15 	$ 4,108 	$ (1,467) 	$ 2,641 	$ 2,626
BUDGETED AMOUNTS
FUND 130 - SPORTS, CONVENTION AND TOURISM DEVELOPMENT
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CITY OF JACKSONVILLE, FLORIDA
BUDGETARY COMPARISON SCHEDULE
NONMAJOR GOVERNMENTAL FUNDS (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
VARIANCE WITH
FINAL BUDGET -
BUDGETARY 	POSITIVE
ORIGINAL 	FINAL 	ACTUAL ENCUMBRANCES 	ACTUAL 	(NEGATIVE)
REVENUE:
Sales and Tourist Taxes 	$ 107,263 	$ 107,263 	$ 93,189 	$ - 	$ 93,189 	$ (14,074)
Intergovernmental 	7,091 	7,091 	6,938 	- 	6,938 	(153)
Interest 	290 	290 	849 	- 	849 	559
Other 	- 	- 	1,196 	- 	1,196 	1,196
Total Revenue 	$ 114,644 	114,644 	102,172 	- 	$ 102,172 	(12,472)
EXPENDITURES:
Public Works 	36,077 	36,077 	32,911 	1,816 	34,727 	1,350
Jacksonville Misc Citywide Activities 	80,648 	80,648 	68,170 	- 	68,170 	12,478
Total Expenditures 	116,725 	116,725 	101,081 	1,816 	102,897 	13,828
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES 	(2,081) 	(2,081) 	1,091 	(1,816) 	(725) 	1,356
NET CHANGE IN FUND BALANCES 	(2,081) 	(2,081) 	1,091 	(1,816) 	(725) 	1,356
FUND BALANCE, BEGINNING 	37,982 	37,982 	37,982 	- 	37,982 	-
FUND BALANCE, ENDING 	$ 35,901 	$ 35,901 	$ 39,073 	$ (1,816) 	$ 37,257 	$ 1,356
BUDGETED AMOUNTS
FUND 140 - TRANSPORTATION
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CITY OF JACKSONVILLE, FLORIDA
BUDGETARY COMPARISON SCHEDULE
NONMAJOR GOVERNMENTAL FUNDS (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
VARIANCE WITH
FINAL BUDGET -
BUDGETARY 	POSITIVE
ORIGINAL 	FINAL 	ACTUAL ENCUMBRANCES 	ACTUAL 	(NEGATIVE)
REVENUE:
Intergovernmental 	$ 1,879 	$ 2,625 	$ 1,585 	$ - 	$ 1,585 	$ (1,040)
Charges for services 	15,399 	15,399 	10,909 	- 	10,909 	(4,490)
Fines and forfeitures 	1,000 	1,000 	997 	- 	997 	(3)
Interest 	471 	471 	1,276 	- 	1,276 	805
Other 	306 	316 	2,059 	- 	2,059 	1,743
Total Revenue 	19,055 	19,811 	16,826 	- 	16,826 	(2,985)
EXPENDITURES:
Courts 	6,027 	6,339 	3,340 	211 	3,551 	2,788
Community Services 	177 	156 	- 	- 	- 	156
Environmental Resource Management 	3,366 	4,119 	2,192 	44 	2,236 	1,883
Fire/Rescue 	579 	581 	462 	- 	462 	119
Housing and Neighborhoods 	24 	24 	- 	- 	- 	24
Jacksonville Citywide Activities 	5,509 	5,676 	350 	12 	362 	5,314
Mayor Board 	12 	23 	9 	- 	9 	14
Public Defender 	583 	583 	463 	97 	560 	23
Planning and Development 	11,222 	11,227 	10,303 	7 	10,310 	917
Public Library 	325 	325 	119 	40 	159 	166
Public Works 	8,140 	13,383 	4,559 	4,395 	8,954 	4,429
Recreation & Community 	729 	729 	684 	- 	684 	45
State Attorney 	1,708 	1,360 	1,087 	23 	1,110 	250
Tax Collector 	2 	2 	- 	- 	- 	2
Total Expenditures 	38,403 	44,527 	23,568 	4,829 	28,397 	16,130
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES 	(19,348) 	(24,716) 	(6,742) 	(4,829) 	(11,571) 	13,145
OTHER FINANCING (USES):
Operating transfers in 	1,027 	7,014 	7,014 	- 	7,014 	-
Operating transfers out 	(25) 	(25) 	(25) 	- 	(25) 	-
Total Other Financing (Uses) 	1,002 	6,989 	6,989 	- 	6,989 	-
NET CHANGE IN FUND BALANCES 	(18,346) 	(17,727) 	247 	(4,829) 	(4,582) 	13,145
FUND BALANCE, BEGINNING 	35,472 	35,472 	35,472 	- 	35,472 	-
FUND BALANCE, ENDING 	$ 17,126 	$ 17,745 	$ 35,719 	$ (4,829) 	$ 30,890 	$ 13,145
BUDGETED AMOUNTS
FUND 150 - BUDGETED GENERAL GOVERNMENT
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CITY OF JACKSONVILLE, FLORIDA
BUDGETARY COMPARISON SCHEDULE
NONMAJOR GOVERNMENTAL FUNDS (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
VARIANCE WITH
FINAL BUDGET -
BUDGETARY 	POSITIVE
ORIGINAL 	FINAL 	ACTUAL ENCUMBRANCES 	ACTUAL 	(NEGATIVE)
REVENUE:
Intergovernmental 	$ - 	$ 246 	$ 3,927 	$ - 	$ 3,927 	$ 3,681
Interest 	- 	20 	26 	- 	26 	6
Other 	- 	- 	35 	- 	35 	35
Total Revenue 	- 	266 	3,988 	- 	3,988 	3,722
EXPENDITURES:
Fire and Rescue 	295 	561 	433 	(15) 	418 	143
Jacksonville Economic Dev Comm 	- 	- 	60 	2 	62 	(62)
Public Works 	- 	- 	4,737 	(3,764) 	973 	(973)
Sheriff's Office 	- 	- 	4 	- 	4 	(4)
Total Expenditures 	295 	561 	5,234 	(3,777) 	1,457 	(896)
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES 	(295) 	(295) 	(1,246) 	3,777 	2,531 	2,826
NET CHANGE IN FUND BALANCES 	(295) 	(295) 	(1,246) 	3,777 	2,531 	2,826
FUND BALANCE, BEGINNING 	(544) 	(544) 	(544) 	- 	(544) 	-
FUND BALANCE, ENDING 	$ (839) 	$ (839) 	$ (1,790) 	$ 3,777 	$ 1,987 	$ 2,826
BUDGETED AMOUNTS
FUND 160 - PUBLIC SAFETY
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CITY OF JACKSONVILLE, FLORIDA
BUDGETARY COMPARISON SCHEDULE
NONMAJOR GOVERNMENTAL FUNDS (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
VARIANCE WITH
FINAL BUDGET -
BUDGETARY 	POSITIVE
ORIGINAL 	FINAL 	ACTUAL ENCUMBRANCES 	ACTUAL 	(NEGATIVE)
REVENUE:
Charges for services 	$ 4,786 	$ 4,786 	$ 4,802 	$ - 	$ 4,802 	$ 16
Interest 	50 	50 	601 	- 	601 	551
Total Revenue 	4,836 	4,836 	5,403 	- 	5,403 	567
EXPENDITURES:
Jacksonville Citywide Activities 	303 	303 	- 	- 	- 	303
Office of the Sheriff 	6,219 	6,219 	4,708 	92 	4,800 	1,419
Total Expenditures 	6,522 	6,522 	4,708 	92 	4,800 	1,722
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES 	(1,686) 	(1,686) 	695 	(92) 	603 	2,289
NET CHANGE IN FUND BALANCES 	(1,686) 	(1,686) 	695 	(92) 	603 	2,289
FUND BALANCE, BEGINNING 	5,654 	5,654 	5,654 	- 	5,654 	-
FUND BALANCE, ENDING 	$ 3,968 	$ 3,968 	$ 6,349 	$ (92) 	$ 6,257 	$ 2,289
BUDGETED AMOUNTS
FUND 170 - EMERGENCY 9 1 1
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CITY OF JACKSONVILLE, FLORIDA
BUDGETARY COMPARISON SCHEDULE
NONMAJOR GOVERNMENTAL FUNDS (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
VARIANCE WITH
FINAL BUDGET -
BUDGETARY 	POSITIVE
ORIGINAL 	FINAL 	ACTUAL ENCUMBRANCES 	ACTUAL 	(NEGATIVE)
REVENUE:
Property taxes 	$ 15,997 	$ 15,997 	$ 15,842 	$ - 	$ 15,842 	$ (155)
Other 	170 	170 	102 	- 	102 	(68)
Total Revenue 	16,167 	16,167 	15,944 	- 	15,944 	(223)
EXPENDITURES:
Jacksonville Citywide Activities 	8,515 	8,515 	5,586 	448 	6,034 	2,481
JEDC 	502 	502 	- 	502 	502 	-
Planning Department 	91 	91 	91 	- 	91 	-
Total Expenditures 	9,108 	9,108 	5,677 	950 	6,627 	2,481
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES 	7,059 	7,059 	10,267 	(950) 	9,317 	2,258
OTHER FINANCING (USES):
Operating transfers out 	(8,088) 	(8,088) 	(7,977) 	- 	(7,977) 	111
Total Other Financing (Uses) 	(8,088) 	(8,088) 	(7,977) 	- 	(7,977) 	111
NET CHANGE IN FUND BALANCES 	(1,029) 	(1,029) 	2,290 	(950) 	1,340 	2,369
FUND BALANCE, BEGINNING 	2,367 	2,367 	2,367 	- 	2,367 	-
FUND BALANCE, ENDING 	$ 1,338 	$ 1,338 	$ 4,657 	$ (950) 	$ 3,707 	$ 2,369
BUDGETED AMOUNTS
FUND 180 - TAX INCREMENT DISTRICTS
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CITY OF JACKSONVILLE, FLORIDA
BUDGETARY COMPARISON SCHEDULE
NONMAJOR GOVERNMENTAL FUNDS (in thousands)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
VARIANCE WITH
FINAL BUDGET -
BUDGETARY 	POSITIVE
ORIGINAL 	FINAL 	ACTUAL ENCUMBRANCES 	ACTUAL 	(NEGATIVE)
REVENUE:
Intergovernmental 	$ 25,245 	$ 32,917 	$ 31,723 	$ - 	$ 31,723 	$ (1,194)
Charges for Services 	- 	- 	- 	- 	- 	-
Interest 	150 	150 	458 	- 	458 	308
Other 	285 	287 	997 	- 	997 	710
Total Revenue 	25,680 	33,354 	33,178 	- 	33,178 	(176)
EXPENDITURES:
Jacksonville Children's Commission 	49,763 	56,686 	54,105 	1,261 	55,366 	1,320
Total Expenditures 	49,763 	56,686 	54,105 	1,261 	55,366 	1,320
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES 	(24,083) 	(23,332) 	(20,927) 	(1,261) 	(22,188) 	1,144
OTHER FINANCING (USES):
Operating transfers in 	16,390 	16,390 	16,390 	- 	16,390 	-
Total Other Financing (Uses) 	16,390 	16,390 	16,390 	- 	16,390 	-
NET CHANGE IN FUND BALANCES 	(7,693) 	(6,942) 	(4,537) 	(1,261) 	(5,798) 	1,144
FUND BALANCE, BEGINNING 	9,362 	9,362 	9,362 	- 	9,362 	-
FUND BALANCE, ENDING 	$ 1,669 	$ 2,420 	$ 4,825 	$ (1,261) 	$ 3,564 	$ 1,144
BUDGETED AMOUNTS
FUND 190 - JACKSONVILLE CHILDREN'S COMMISSION
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NON-MAJOR ENTERPRISE FUNDS:
Enterprise Funds account for operations that are financed and operated in a manner similar to private
business enterprises and where the costs of providing goods or services to the general public are
recovered primarily through user charges; or where the city has decided that determination of net
income is appropriate for capital maintenance, public policy, management control, accountability or
other purposes. Individual non-major enterprise funds are described below.
The Public Parking System Fund accounts for the City's on-street, off-street, and parking garage
facility operations, including revenue collection and enforcement.
The Storm Water Services Fund accounts for the storm water utility financed by service charges, to be
used to pay the expenses of constructing and maintaining the storm water management system.
The Motor Vehicle Inspection Fund accounts for the operations of the City's motor vehicle inspection
stations.
The Baseball Stadium Fund accounts for events held at the stadium including professional minor
league and college baseball games.
Times Union Center for the Performing Arts (Performing Arts) Fund - accounts for events held at
the center such as the symphony, FCCJ performing arts series, dance recitals and concerts.
The Prime Osborn Convention Center (Convention Center) Fund accounts for events held at the
center such as gate and trade shows, banquets, meetings and other.
The Equestrian Center Fund accounts for events held at the center including horse shows /
competitions, rodeos and concerts.
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CITY OF JACKSONVILLE, FLORIDA
COMBINING STATEMENT OF NET ASSETS
NONMAJOR ENTERPRISE FUNDS
SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
PUBLIC 	STORM- 	MOTOR
PARKING 	WATER 	VEHICLE 	BASEBALL
SYSTEM 	SERVICES 	INSPECTION 	STADIUM
ASSETS
CURRENT ASSETS:
Equity in cash and investments...................................... 	$ 4 	$ 19,699 	$ 	95 	$ 	310
Receivables (net, where applicable, of
allowances for uncollectibles):
Accounts.............................................................. 	- 	10,228 	58 	1
Due from other funds..................................................... , 	- 	- 	- 	-
Due from other governments......................................... 	- 	- 	- 	-
Inventories...................................................................... 	- 	- 	11 	-
Prepaid expenses and other assets.................................. 	- 	- 	- 	-
Total Current Assets............................................................ 	4 	29,927 	164 	311
NONCURRENT ASSETS:
Sinking fund cash and investments................................ 	4,466 	- 	- 	1,466
Accounts and interest receivable.................................... 	- 	- 	- 	-
CAPITAL ASSETS:
Land and work in progress............................................. 	1,768 	208 	32 	-
Other capital assets, net of depreciation......................... 	7,838 	2,841 	2 	28,679
Total Noncurrent Assets...................................................... 	14,072 	3,049 	34 	30,145
TOTAL ASSETS............................................................... 	14,076 	32,976 	198 	30,456
LIABILITIES
CURRENT LIABILITIES:
Accounts payable and accrued liabilities....................... 	138 	1,879 	17 	39
Due to other funds.......................................................... 	70 	- 	- 	-
Accrued compensated absences, current portion........... 	35 	177 	13 	-
Deposits ......................................................................... 	92 	- 	- 	8
Accrued interest payable................................................ 	171 	- 	- 	721
Current portion of bonds payable................................... 	4,295 	- 	- 	773
Unearned revenue........................................................... 	- 	8,484 	- 	-
Total Current Liabilities...................................................... 	4,801 	10,540 	30 	1,541
NONCURRENT LIABILITIES:
Notes payable ................................................................ 	- 	- 	- 	-
Accrued compensated absences..................................... 	81 	414 	30 	-
Bonds payable................................................................ 	2,240 	- 	- 	29,094
Other liabilities............................................................... 	84 	165 	16 	-
Total Noncurrent Liabilities................................................ 	2,405 	579 	46 	29,094
TOTAL LIABILITIES...................................................... 	7,206 	11,119 	76 	30,635
NET ASSETS:
Invested in capital assets, net of related debt................. 	4,003 	3,049 	34 	(1,188)
Unrestricted.................................................................... 	2,867 	18,808 	88 	1,009
TOTAL NET ASSETS...................................................... 	$ 6,870 	$ 21,857 	$ 122 	$ (179)
- 	18,808.00 	0.0000 	0.0000
6,870.00 	21,857.00 	122.00 	(179.00)
See accompanying notes.
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TOTALS
PERFORMING 	CONVENTION 	EQUESTRIAN
ARTS 	CENTER 	CENTER 	2009 	2008
$ 	41 	$ 	812 	$ 	6 	$ 	20,967 	$ 	14,207
67 	46 	11 	10,411 	4,597
- 	- 	- 	- 	10
- 	- 	- 	- 	-
- 	- 	- 	11 	14
- 	- 	- 	- 	40
108 	858 	17 	31,389 	18,868
26 	16 	79 	6,053 	-
- 	- 	- 	- 	-
1,000 	5,259 	- 	8,267 	8,059
24,235 	14,054 	14,449 	92,098 	92,327
25,261 	19,329 	14,528 	106,418 	100,386
25,369 	20,187 	14,545 	137,807 	119,254
30 	176 	16 	2,295 	659
501 	2 	420 	993 	212
- 	- 	- 	225 	43
335 	134 	7 	576 	538
130 	131 	85 	1,238 	320
- 	15 	33 	5,116 	4,911
- 	- 	4 	8,488 	7,514
996 	458 	565 	18,931 	14,197
- 	- 	- 	- 	-
- 	- 	- 	525 	101
1,012 	- 	2,465 	34,811 	39,772
- 	- 	- 	265 	51
1,012 	- 	2,465 	35,601 	39,924
2,008 	458 	3,030 	54,532 	54,121
24,223 	19,298 	11,951 	61,370 	57,654
(862) 	431 	(436) 	21,905 	7,479
$ 23,361 	$ 19,729 	$ 11,515 	$ 83,275 	$ 65,133
0.0000 	0.0000 	0.0000 	0.0000
23,361.00 	19,729.00 	11,515.00 	83,275.00
(continued)
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CITY OF JACKSONVILLE, FLORIDA
COMBINING STATEMENT OF REVENUE, EXPENSES, AND
CHANGES IN FUND NET ASSETS
NONMAJOR ENTERPRISE FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2009
WITH COMPARATIVE TOTALS FOR 2008 (in thousands)
PUBLIC 	STORM- 	MOTOR
PARKING 	WATER 	VEHICLE 	BASEBALL
SYSTEM 	SERVICES 	INSPECTION 	STADIUM
OPERATING REVENUE:
Sales and tourist taxes.................................................... 	$ 	- 	$ 	- 	$ 	- 	$ 	-
Charges for services....................................................... 	3,783 	29,134 	422 	340
Total Operating Revenue........................................................ 	3,783 	29,134 	422 	340
OPERATING EXPENSES:
Personal servi