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Internal Service Funds
Risk Financing
FUND SUMMARY
FY2020 FY2021 FY2021 FY2022 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Property Tax - - - - - 0.00%
Sales Tax - - - - - 0.00%
Other Tax - - - - - 0.00%
License & Permits - - - - - 0.00%
Intergovernmental - - - - - 0.00%
Charge for Service - - - - - 0.00%
Fines & Forfeitures - - - - - 0.00%
Use of Money & Property 484,995 399,990 399,990 399,990 - 0.00%
Special Assesments - - - - - 0.00%
Other 22,188,921 20,118,086 20,118,086 22,347,389 2,229,303 11.08%
Transfer In 324,889 - - - - 0.00%
Use of Fund Balance - - 500,000 30,352 30,352 0.00%
Revenue $ 22,998,804 $ 20,518,076 $ 21,018,076 $ 22,777,731 $2,259,655 11.01%
Salaries & Benefits 1,879,787 1,566,921 1,566,921 1,724,503 157,582 10.06%
Gen Operating & Maintenance 17,334,126 18,943,927 19,193,927 21,046,000 2,102,073 11.10%
Capital Accts - - - - - 0.00%
Debt Service Accts - - - - - 0.00%
Transfer Out & Other 1,325,114 7,228 257,228 7,228 - 0.00%
Contra Accounts - - - - - 0.00%
Project Budget Account - - - - - 0.00%
Expenses $ 20,539,027 $ 20,518,076 $ 21,018,076 $ 22,777,731 $2,259,655 11.01%
2021 2022 Change
Fund AP FTE AP FTE AP FTE
Risk Financing Fund 15.00 15.00 15.00 15.00 - -
Total 15.00 15.00 15.00 15.00 - -
FUND PURPOSE AND GOALS
The Risk Financing Fund is responsible for maintaining the commercial and self-insurance programs, claims
management, and safety risks for the city. The Risk Financing Fund is comprised of two functions: Workers’
Compensation and Risk Management. The Risk Management Function is comprised of the Property & Casualty
Division and the Employee Health & Safety Division. Within these functions, there are personnel who promote
return to work, safety, and subrogation interests.
The Workers’ Compensation division is responsible for providing statutorily-mandated benefits to city employees
who are injured in the course and scope of employment, provided the claims are deemed compensable under the
Texas Workers’ Compensation Act. The division also harbors specialists responsible for employee return to work
efforts.
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