Page 297 - Fort Worth City Budget 2019

Fiduciary Funds

Retiree Healthcare Trust

FUND SUMMARY

FY2017 FY2018 FY2018 FY2019 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Use of Money & Property - - 403,203 1,024,000 1,024,000 0.00%
Other 33,431,547 31,643,831 32,184,637 34,165,052 2,521,221 7.97%
Revenue $ 33,431,547 $ 31,643,831 $ 32,587,840 $ 35,189,052 $ 3,545,221 11.20%

Salaries & Benefits 337,395 357,809 357,809 125,252 (232,557) -64.99%
Gen Operating & Maintenance 34,850,917 31,286,022 32,230,031 32,400,797 1,114,775 3.56%
Transfer Out & Other - - - 2,663,003 2,663,003 0.00%
Expenses $ 35,188,312 $ 31,643,831 $ 32,587,840 $ 35,189,052 $ 3,545,221 11.20%

FTE 1.35 1.35 0.00 0.00%

AP 1.00 1.00 0.00 0.00%

FUND PURPOSE AND GOALS

In FY2016, to aid in the financial management activities and to demonstrate legal compliance, a new fund was
created segregating functions and activities related to the administration of retirees. The new fund, Retiree
Healthcare Trust Fund, accounts for revenue generated and expenditures incurred in administering retired
employees’ group benefits. Fund revenues come from retirees, contributions from city funds and interest on
investments.

MAJOR ACCOMPLISHMENTS

• Changing to the health fund including the introduction of employee health centers, direct contracting with
local hospital system, better utilization management.
• Leveraging a consortium for better pricing in the pharmacy plan.
• Moving non-Medicare eligible retirees to the city’s Medicare Advantage Plan that have put it on a more
sustainable path.
• Transitioning the Fire Local 440 retirees to their own Healthcare Plan – established online enrollment for
440.
• Enrolling retirees online for the first time.

FY2019 DISCUSSION
The FY2019 Adopted Budget includes the elimination of the retirees’ wellness payout.

HORIZON ISSUES
• Rising cost benefits – healthcare, pension, leave, etc.
• Government regulation of pay and healthcare benefits.
• Functionality of electronic systems/ability to automate processes/functions.
• Health status if employees and retirees.

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