Fiscal Year 2025- 2026 Recommended Budget

RISK RETENTION FUNDS

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. 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.

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Budget Highlights: The FY 25-26 Recommended Budget is increasing by $7,252,007, or 10.8%. The Wellness Program Administration budget is increasing by $45,000 to account for increased UnitedHealthcare reimbursements for City of Greensboro wellness activities. The FY 25-26 Risk Retention Funds budget is increasing due to projected increased claims costs for employee insurance.

Recommended FY 25-26 Budget

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