Final Adopted Budget FY23-24

RISK RETENTION FUNDS Employee Health Insurance: 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.

General Insurance 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.

Actual 2021-22

Budget 2022-23

Adopted 2023-24

Projected

2024-25

Expenditures by Program Employee Health Insurance

60,997,128 4,729,192

54,491,998 3,653,321

58,506,855 7,902,997

61,026,274 4,732,902

General Insurance Fund

Total

65,726,320

58,145,319

66,409,852

65,759,176

Actual 2021-22

Budget 2022-23

Adopted 2023-24

Projected

2024-25

Full-time Equivalents by Program Employee Health Insurance

7.20 0.20

7.20 0.20

7.20 0.20

7.20 0.20

General Insurance Fund

7.40

Total

7.40

7.40

7.40

Actual 2021-22

Budget 2022-23

Adopted 2023-24

Projected

2024-25

Expenditures by Type Personnel Costs

977,426

858,365

912,920

1,007,577 64,751,599

64,748,894

Maintenance & Operations

57,079,499

65,496,932

-

Capital Outlay

207,455

-

-

Total

65,726,320

58,145,319

66,409,852

65,759,176

Revenues by Type User Charges Other Revenues Interfund Transfers

3,617,466 54,980,494

2,858,116 49,982,008

2,848,763 53,781,331

3,617,466 55,163,704

-

2,691

-

-

7,128,360 65,726,320

Appropriated Fund Balance

6,300,427 59,143,242

9,779,758 66,409,852

6,978,006 65,759,176

Total

Budget Highlights: The FY 23-24 Adopted Budget is decreasing by $683,532, or 1.0%.  The General Insurance Fund decreases approximately $3.2 million due to reduced claims expectations.

Adopted 2023-24 Budget

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