The Police Training Fund is a special revenue fund established to supplement funding for training in the areas of crime reduction, crime control, and professional development. This fund will be utilized as a supplement to the department’s current training budget and in accordance with Florida State Statute 943.25.

Revenues and other sources for the Police Training Fund total $49,794. This amount includes an available estimated beginning fund balance of $40,794. This is an increase of $6,678, or 15.5% from the fiscal year 2023 adopted budget of $43,116.

Excluding the beginning fund balance, Fines and Forfeitures are the main source of funding for the Police Training Fund and total $9,000.

It is important to note that amended, adopted, and proposed budget numbers include Beginning Fund Balance amounts, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only revenues recognized each year. Beginning Fund Balance represents resources received and recognized in prior years as revenue but are available for appropriation in future years.

Expenditures and other uses for the Police Training Fund total $49,794. This amount includes an estimated ending reserves balance of $39,794. Fiscal year 2024 expenditures and other uses are balanced with the total revenues and other sources.

Excluding the estimated ending reserves balance, operating costs are the largest use of expenditures for the Police Training Fund and are proposed to total $10,000, or 66.7% of the total expenditures and uses. This amount is in line with the fiscal year 2024 adopted budget.

It is important to note that amended, adopted, and proposed budget numbers include Reserves, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only expenditures recognized each year. Reserves represent funds that are held for restricted purposes or may be reallocated for specific purposes throughout the fiscal year.