Page 186 - City of Fort Worth Budget Book

Internal Service Funds Risk Financing

FUND SUMMARY

FY2022 FY2023 FY2023 FY2024 Chg from PY Adopted
Final Adopted Adjusted Rec. Amount %

Revenues
Property Tax $ — $ — $ — $ — $ — 0.0 %
Sales Tax — — — — — 0.0 %
Other Tax — — — — — 0.0 %
License & Permits — — — — — 0.0 %
Intergovernmental — — — — — 0.0 %
Charge for Service — — — — — 0.0 %
Fines & Forfeitures — — — — — 0.0 %
Use of Money & Property 266,651 398,680 398,680 200,000 (198,680) -49.8 %
Special Assessments — — — — — 0.0 %
Other 22,028,679 26,601,495 26,601,495 33,417,296 6,815,801 25.6 %
Transfer In 10,738 — — — — 0.0 %
Use of Fund Balance — 510,520 2,228,477 — (510,520) -100.0 %
Total Revenues 22,306,068 27,510,695 29,228,652 33,617,296 6,106,601 22.2 %

Expenses
Salaries & Benefits 1,788,328 2,150,701 2,150,701 2,154,130 3,429 0.2 %
Gen Operating & Maintenance 25,248,461 25,355,792 26,105,792 31,458,530 6,102,738 24.1 %
Capital Accts — — — — — 0.0 %
Debt Service Accts — — — — — 0.0 %
Transfer Out & Other 3,010,902 4,202 972,159 4,636 434 10.3 %
Contra Accounts — — — — — 0.0 %
Project Budget Account — — — — — 0.0 %
Total Expenses 30,047,691 27,510,695 29,228,652 33,617,296 6,106,601 22.2 %
Grand Total $ (7,741,623) $ — $ — $ — $ — 0.0 %

2023 2024 Change
Fund AP FTE AP FTE AP FTE
Risk Financing Fund 17.00 17.50 17.00 17.50 —
Total 17.00 17.50 17.00 17.50 —

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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