Page 315 - FY 24 Budget Forecast at Adoption.xlsx

SELF INSURANCE FUND

FUND DESCRIPTION:
The Self Insurance Fund is an internal service fund that uses interfund transfers to pay for premiums for city employees and
expenditures are used for claims and claims administration.

REVENUE SUMMARY

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)
Insurance Premiums $ 4,304,951 $ 5,302,011 $ 4,266,094 $ 4,656,086 $ (645,925)

Miscellaneous Revenue – – – – –
Withholdings From Employees – – – – –

Interest Revenue-Investments 51,260 13,500 140,000 51,500 38,000

Transfer From General Fund – – – – –
Transfer From W&S Fund – – – – –
TOTAL $ 4,356,212 $ 5,315,511 $ 4,406,094 $ 4,707,586 $ (607,925)

EXPENDITURE SUMMARY

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)

Personnel services $ – $ – $ – $ – $ –
Operations & maintenance – – – – –

Services & other 3,217,626 4,587,645 3,996,986 4,640,578 52,933
Capital Outlay – – – – –

TOTAL $ 3,217,626 $ 4,587,645 $ 3,996,986 $ 4,640,578 $ 52,933

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