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Council auditor flags JTA budget overrun and large variances in quarterly summary
Summary
The Council Auditor’s Office presented its quarterly summary (Report 899), noting an unaudited general fund favorable variance but warning of recurring costs masked by one‑time reserves; JTA exceeded spending authority by about $19 million and will likely need a budget amendment.
Tommy Carter of the Jacksonville Council Auditor’s Office presented the quarterly summary for the 12 months ended Sept. 30, 2025, to the Taxation Revenue and Utilization of Expenditures Commission on Jan. 8 and urged caution because the figures are unaudited and the city’s trial balance had not yet been closed.
Carter said the general fund shows a favorable variance of $92,138,977 in the report, but that after accounting for budgeted uses of fund balance and carryforwards the stronger picture narrows to…
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