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Internal Service Funds
Risk Financing
FUND SUMMARY
FY2021 FY2022 FY2022 FY2023 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 304,713 399,990 399,990 398,680 (1,310) -0.33%
Special Assesments - - - - - 0.00%
Other 20,047,935 22,347,389 22,347,389 26,601,495 4,254,106 19.04%
Transfer In 12,845 - - - - 0.00%
Use of Fund Balance - 30,352 10,595,736 510,520 480,168 1582.00%
Revenue $ 20,365,493 $ 22,777,731 $ 33,343,115 $ 27,510,695 $4,732,964 20.78%
Salaries & Benefits 1,683,609 1,724,503 1,420,980 2,150,701 426,198 24.71%
Gen Operating & Maintenance 18,050,295 21,046,000 28,911,233 25,355,792 4,309,792 20.48%
Capital Accts - - - - - 0.00%
Debt Service Accts - - - - - 0.00%
Transfer Out & Other 257,228 7,228 3,010,902 4,202 (3,026) -41.86%
Contra Accounts - - - - - 0.00%
Project Budget Account - - - - - 0.00%
Expenses $ 19,991,132 $ 22,777,731 $ 33,343,115 $ 27,510,695 $4,732,964 20.78%
2022 2023 Change
Fund AP FTE AP FTE AP FTE
Risk Financing Fund 15.00 15.00 17.00 17.50 2.00 2.50
Total 15.00 15.00 17.00 17.50 2.00 2.50
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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