Page 267 - FortWorthFY22AdoptedBudget

Fiduciary Funds

Retiree Healthcare Trust

FUND SUMMARY

Change from FY2021
FY2020 FY2021 FY2021 FY2022
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 597,186 - - 569,525 569,525 0.00%
Fines & Forfeitures - - - - - 0.00%
Use of Money & Property 1,855,166 1,000,005 1,000,005 1,000,005 - 0.00%
Special Assesments - - - - - 0.00%
Other 26,095,048 32,159,909 32,159,909 30,414,438 (1,745,471) -5.43%
Transfer In - - - - - 0.00%
Use of Fund Balance - - - - - 0.00%
Revenue $ 28,547,400 $ 33,159,914 $ 33,159,914 $ 31,983,968 $(1,175,946) -3.55%

Salaries & Benefits 125,438 116,701 116,701 275,321 158,620 135.92%
Gen Operating & Maintenance 27,778,754 29,403,880 29,403,880 28,246,118 (1,157,762) -3.94%
Capital Accts - - - - - 0.00%
Debt Service Accts - - - - - 0.00%
Transfer Out & Other - 3,639,333 3,639,333 3,462,529 (176,804) -4.86%
Contra Accounts - - - - - 0.00%
Project Budget Account - - - - - 0.00%
Expenses $ 27,904,192 $ 33,159,914 $ 33,159,914 $ 31,983,968 $(1,175,946) -3.55%

2021 2022 Change
Fund AP FTE AP FTE AP FTE
Retiree Healthcare Trust - 1.20 - 2.25 - 1.05

Total - 1.20 - 2.25 - 1.05

FUND PURPOSE AND GOALS

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

FY2022 DISCUSSION
The FY2022 Adopted budget includes an increase in the city contribution (5%) due to recently increased costs
incurred by the retirees. The retiree premiums will not increase for FY2022; however, both the inpatient and
outpatient costs have grown significantly and the costs are growing sharply for the pre-65 (non-Medicare) retirees.

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