Page 187 - City of Fort Worth Budget Book

Internal Service Funds Risk Financing

The Property & Casualty (P&C) division maintains all other aspects of the city’s insurance program. Utilizing both
self-insured and outside commercial insurance programs, the P&C division focuses on controlling costs from
property and casualty claims and/or litigation. It also strives to preserve and protect the city’s assets through loss
prevention, loss control, and risk financing mechanisms.

The Employee Health & Safety Division helps to educate our city’s workforce on the importance of maintaining
safety processes and controls. Both Workers’ Compensation and Risk Management pursue subrogation when
possible, recovering funds from third parties who are liable for losses paid by the city.

FY2024 DISCUSSION AND SIGNIFICANT CHANGES
The Recommended Budget:

• Increases by $3.5 million due to Commercial Insurance policy increases
• Increases by $1.7 million due to Workers’ Compensation claim administration and cost

• Increases by $621,238 due to General Liability Insurance cost
• Increases by $125,020 in salary and benefits for previously approved costs associated with pay for
performance, rising health care costs and pension contributions

• Increases by $18,976 in General Operating & Maintenance for previously approved costs associated with
risk management, administrative cost and IT solutions allocation costs

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