2018-2019 Adopted Budget

RISK RETENTION FUNDS

PROGRAMS

2016-17

2017-18 Budget

2018-19 Adopted

2019-20 Projected

Actual

General Risk Retention Fund This fund was established to accumulate claim reserves and to pay claims and administrative fees for general liability, vehicle liability, and public official and law enforcement liability.

Appropriation

2,252,611

5,098,238

5,018,115

5,420,768

Full Time Equivalent Positions

0.2

0.2

0.2

0.2

Employee Risk Retention Fund This fund was established for employee dental, health, and workers’ compensation coverage. The employee’s premiums and the City’s contribution are deposited in this fund. Payments for health coverage are made for the payment of claims and administrative expenses.

47,115,449

55,128,833

52,851,250

55,720,879

Appropriation

Full Time Equivalent Positions

7.2

7.2

7.2

7.2

BUDGET SUMMARY

2016-17

2017-18 Budget

2018-19 Adopted

2019-20 Projected

Actual

Expenditures:

Personnel Costs

715,832

728,859

744,540

761,072

Maintenance & Operations

48,652,228

59,486,830

57,124,825

60,380,575

Capital Outlay

0

11,382

0

0

Total

49,368,060

60,227,071

57,869,365

61,141,647

Total FTE Positions

7.400

7.400

7.400

7.400

Revenues:

Internal Charges Fund Balance User Charges

48,647,065 6,942,706 2,178,193

54,719,101 3,111,970 2,200,000

52,606,492 2,766,873 2,300,000

55,971,226 2,674,421 2,300,000

All Other

807,371

196,000

196,000

196,000

Subtotal

58,575,334

60,227,071

57,869,365

61,141,647

General Fund Transfer

0

0

0

0

Total

58,575,334

60,227,071

57,869,365

61,141,647

BUDGET HIGHLIGHTS  The FY 2018-19 Budget for the General and Employee Risk Retention Funds is decreasing by $2,357,706, or 3.9%.  The FY 2018-19 General Risk Retention Fund is decreasing by $80,123, or by 1.6%.  The Employee Risk Retention Fund is decreasing by $2,277,583, or 4.1%, in part due to changes in the health insurance plan implemented in 2016 and greater efforts to encourage employees to take advantage of preventative screenings and other health benefits.

Adopted FY 2018-19 Budget

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