FY 2017-18 FINAL ADOPTED BUDGET

RISK RETENTION FUNDS

PROGRAMS

2015-16

2016-17 Budget

2017-18 Adopted

2018-19 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

2,466,343

8,311,539

5,098,238

5,108,840

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.

48,811,486

50,096,021

55,128,833

58,330,676

Appropriation

Full Time Equivalent Positions

7.0

7.2

7.2

7.2

BUDGET SUMMARY

2015-16

2016-17 Budget

2017-18 Adopted

2018-19 Projected

Actual

Expenditures:

Personnel Costs

567,922

701,863

728,859

747,684

Maintenance & Operations

50,709,907

57,705,697

59,498,212

62,691,832

Capital Outlay

0

0

0

0

Total

51,277,829

58,407,560

60,227,071

63,439,516

Total FTE Positions

7.200

7.400

7.400

7.400

Revenues:

Internal Charges Fund Balance User Charges

45,505,816 3,882,849 1,796,041

50,098,545 6,685,515 1,445,000

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

56,547,492 4,496,024 2,200,000

All Other

575,588

178,500

196,000

196,000

Subtotal

51,760,294

58,407,560

60,227,071

63,439,516

General Fund Transfer

0

0

0

0

Total

51,760,294

58,407,560

60,227,071

63,439,516

BUDGET HIGHLIGHTS  The FY 17-18 Budget for the General and Employee Risk Retention Funds is increasing by $1,819,511, or 3.1%.  The General Risk Retention Fund is decreasing by $3,213,301, or by 38.7%. A significant law enforcement liability claim settlement was approved by City Council in FY 16-17.  The Employee Risk Retention Fund is increasing by $5,032,812, or 10.1%, due to projected increases in health care and workers compensation claims costs.

Adopted FY 2017-18 Budget

74