Adopted Budget 2015-2016

RISK RETENTION FUNDS

PROGRAMS

2013-14

2014-15 Budget

2015-16 Adopted

2016-17 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

3,340,691

4,367,149

4,902,706

5,108,232

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.

42,600,614

44,895,645

45,409,108

47,080,812

Appropriation

Full Time Equivalent Positions

7

7

7

7

BUDGET SUMMARY

2013-14

2014-15 Budget

2015-16 Adopted

2016-17 Projected

Actual

Expenditures:

Personnel Costs

469,499

552,650

587,849

609,499

Maintenance & Operations

45,471,806

48,710,144

49,723,965

51,579,545

Capital Outlay

0

0

0

0

Total

45,941,305

49,262,794

50,311,814

52,189,044

Total FTE Positions

7.200

7.200

7.200

7.200

Revenues:

Internal Charges Fund Balance User Charges

42,855,797 5,725,446

44,599,694 3,921,600

45,587,229 3,715,085

46,988,735 4,190,809

934,502 650,960

740,000

980,000 29,500

980,000 29,500

All Other

1,500

Subtotal

50,166,705

49,262,794

50,311,814

52,189,044

General Fund Transfer

0

0

0

0

Total

50,166,705

49,262,794

50,311,814

52,189,044

BUDGET HIGHLIGHTS  The FY 15-16 Budget for the General and Employee Risk Retention Funds is increasing by $1,049,020, or 2.1%.  The General Risk Retention Fund is increasing by $535,557, or 12.3%, as a result of higher claims payments.  The Employee Risk Retention Fund is increasing by $513,463, or 1.1%.  As a result of a pilot program, the Medical Clinic will offer extended hours for employee clinic services through a service enhancement with total expenses of $100,000. The total cost of this program is expected to be fully offset by decreases in claims and other revenues. The enhancement does not increase the overall budget.  The Employee Risk Retention Fund received a transfer of 1 FTE, a safety & health manager, from the Human Resources Department. A safety administrator, 1 FTE, was reduced in the same fund leading to a net change of 0 FTEs.  The FY 15-16 Budget includes an FTE decrease of 0.2 from FY 14-15, a correction to position allocations across the General and Risk Retention Funds, and the increase of 0.2 FTEs allocating a portion of a financial manager position leading to a net change of 0 FTEs.

72

Adopted FY 2015-16 Budget