Page 32 - NorthRichlandHillsFY24AdoptedBudget

FISCAL YEAR 2023-2024
SCHEDULE 25 - SUMMARY OF REVENUES AND EXPENDITURES

SELF INSURANCE FUND

ADOPTED REVISED ADOPTED
ACTUAL ACTUAL BUDGET BUDGET BUDGET
FY 2020/21 FY 2021/22 FY 2022/23 FY 2022/23 FY 2023/24
REVENUES

HEALTH & MEDICAL CONTRIBUTIONS
Health & Medical (City Contribution) $10,415,739 $10,442,223 $9,512,080 $9,528,257 $9,528,258
Health & Medical (Employee Contribution) 2,665,771 2,439,041 2,669,470 2,669,470 2,056,826
TOTAL HEALTH & MEDICAL CONTRIBUTIONS $13,081,510 $12,881,264 $12,181,550 $12,197,727 $11,585,084

OTHER CONTRIBUTIONS
Worker's Comp & Admin (City Contribution) $1,106,171 $1,119,127 $1,230,753 $1,231,480 $513,373
Other Insurance (City Contribution) 876,262 1,057,369 1,140,842 1,140,842 1,743,593
Flexible Spending Account (Employee Contribution) 119,970 113,065 146,000 146,000 125,000
TOTAL OTHER CONTRIBUTIONS $2,102,404 $2,289,562 $2,517,595 $2,518,322 $2,381,966
OTHER REVENUES
Stop Loss Reimbursement $76,137 $47,382 $400,000 $400,000 $0
Interest Income 112,846 175,391 95,229 473,320 473,371
Other Income 151,269 358,191 33,700 33,700 33,700
TOTAL OTHER REVENUES $340,252 $580,965 $528,929 $907,020 $507,071
TOTAL REVENUES $15,524,167 $15,751,791 $15,228,074 $15,623,069 $14,474,121

APPROPRIATION OF FUND BALANCE
Self Insurance Fund Reserves $0 $0 $0 $206,381 $0
TOTAL APPROPRIATION OF FUND BALANCE $0 $0 $0 $206,381 $0

TOTAL RESOURCES $15,524,167 $15,751,791 $15,228,074 $15,829,450 $14,474,121
EXPENDITURES
Health & Medical $8,980,150 $8,499,157 $11,649,188 $11,507,956 $11,376,474
Worker's Compensation 445,152 117,303 515,000 423,534 515,000
Personnel Expenses 500,566 647,500 666,622 694,248 712,040
Property, Liability, and Other Insurance 987,680 1,063,500 1,140,842 1,240,842 1,743,592
Flexible Spending Account Expense 122,577 110,156 146,000 146,000 125,000
Non-Departmental 0 88,550 0 26,575 2,015
TOTAL OPERATING EXPENDITURES $11,036,125 $10,526,165 $14,117,652 $14,039,155 $14,474,121
OTHER & RESERVES
Transfer to Retiree Health Care Fund $100,000 $100,000 $100,000 $100,000 $0
COVID Lag Contingency 0 0 0 0 0
Planned Contribution to Fund Balance 0 0 1,010,422 1,690,295 0
TOTAL OTHER & RESERVES $100,000 $100,000 $1,110,422 $1,790,295 $0

TOTAL EXPENDITURES $11,136,125 $10,626,165 $15,228,074 $15,829,450 $14,474,121
BALANCE $4,388,041 $5,125,626 $0 $0 $0

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