Page 302 - FortWorthFY23AdoptedBudget

Internal Service Funds

FY2023 DISCUSSION AND SIGNIFICANT CHANGES

Due to the spike and increase in claims trends predicted, the FY2023 Adopted Budget includes a 5%
increase from the City and a 3% increase from the employees. Claims costs and trends have jumped up
due to long-term COVID conditions and delay of care. This increase in premium will align the budget with
the new trend in healthcare expenses.

The Adopted Budget:
· Increases by $49,227 and one authorized position to assist leave related needs. This position is
partially allocated to the Risk Financing Fund and Group Health Fund.
· Increases by $5.7 million in Clime Payments/Settlements due to City’s claims costs to rise
significantly.
· Increases by $1.56 million in Group Health Internal Service Fund. The increase is required to the
Fire department’s administrative service charge, as mandated in the Collective Bargaining
Agreement.

· Increases by $150,000 in consultant and other professional Services
· Increases by $48,376 in salary and benefits for previously approved costs associated with pay for
performance, rising health care costs and pension contributions.
· Increases by $14,160 in General Operating & Maintenance for previously approved costs
associated with risk management and IT solutions allocation costs.
· Increases by $13,970 in salary and benefits for 2% Pay Band Adjustment.

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