Adopted Budget Projected Budget 2016-2017

RISK RETENTION FUNDS

PROGRAMS

2014-15

2015-16 Budget

2016-17

2017-18 Projected

Actual

Adopted

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

2,149,192

4,902,706

5,150,539

5,232,284

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.

45,789,498

45,409,108

50,096,021

50,122,008

Appropriation

Full Time Equivalent Positions

7

7

7.2

7.2

BUDGET SUMMARY

2014-15

2015-16 Budget

2016-17

2017-18 Projected

Actual

Adopted

Expenditures:

Personnel Costs

415,027

587,849

701,863

721,700

Maintenance & Operations

47,523,663

49,723,965

54,544,697

54,632,592

Capital Outlay

0

0

0

0

Total

47,938,690

50,311,814

55,246,560

55,354,292

Total FTE Positions

7.200

7.200

7.400

7.400

Revenues:

Internal Charges Fund Balance User Charges

43,663,889 4,112,316 1,121,297

45,587,229 3,715,085

50,098,545 3,524,515 1,445,000

50,271,045 3,459,641 1,445,000

980,000 29,500

All Other

566,920

178,500

178,606

Subtotal

49,464,422

50,311,814

55,246,560

55,354,292

General Fund Transfer

0

0

0

0

Total

49,464,422

50,311,814

55,246,560

55,354,292

BUDGET HIGHLIGHTS  The FY 16-17 Adopted Budget for the General and Employee Risk Retention Funds is increasing by $4,934,746, or 9.8%.  The General Risk Retention Fund is increasing by $247,833, or 5.1%.  The Employee Risk Retention Fund is increasing by $4,686,913, or 10.3%, primarily due to increased health care costs.  The Adopted FY 16-17 Budget includes an FTE increase of 0.2 from FY 15-16, allocating a portion of the Human Resources Director from the General Fund.

Adopted FY 2016-17 Budget

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