Page 62 - N. Richland Hills General Budget

BUDGET OVERVIEW

Self-Insurance Fund

FY 19/20 Adopted FY 19/20 Revised FY 20/21 Adopted

Revenue $15,788,103 $15,788,154 $15,904,795
Expenditures $15,788,103 $15,788,154 $15,904,795
Balance $0 $0 $0

FY 2019/2020 Revised Budget

The Self Insurance Fund pays for City wide expenses related to major medical coverage for
employees, workers compensation coverage, property and general liability coverage, life
insurance and all administrative expenses associated with this program. Revenues are
expected to be flat with FY 2019/2020 Adopted Budget. $1,996,532 is anticipated in savings
in health/medical claims due to the lower claims activity seen this fiscal year. $2,325,790 is
anticipated to be contributed to the funds reserves.

FY 2020/2021 Adopted Budget

The FY 2020/2021 Adopted Budget estimates total revenues of $15,904,795 and total
expenditures of $15,904,795. The FY 2020/2021 budget includes no health/medical
increases for the City or employees and no significant plan design changes are
proposed. Significant items of note include an increase of $56,571 in other insurance
revenues to offset anticipated increases in property and general liability insurance. In
expenses Health/Medical expenses are overall forecasted to increase by $393,828 or 3%
and includes funding for fire personnel physicals. The fund is forecasted to contribute $31,151
to the funds reserves.

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