Jacksonville Mayor Alvin Brown has agreed to pay a $500 fine for not filing a  complete financial disclosure report, state records show.

A state lawyer reporting to the Florida Commission on Ethics negotiated the  settlement proposal after a disclosure complaint was filed last year by David  Hodges, a Northeast Florida private investigator.

The settlement proposal, which Brown apparently signed Friday, concluded he  failed to disclose that he cashed-out part of an individual retirement account  in 2010.

The money taken from the IRA, about $50,000, should have been listed as  income, said a state investigation report.

The report also said Brown should have reported $43,142 of income from Brown  Empowerment LLC, a consulting company that listed him as chairman. However,  Brown did list the company as a “secondary source of income,” the report  noted.

The state lawyer recommended finding Brown violated the law by not listing  the IRA cash as income, but not making that finding about income from Brown  Empowerment.