Page 279 - City of Fort Worth Budget Book

Internal Service Funds Risk Financing

FUND SUMMARY

FY2023 FY2024 FY2024 FY2025 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 1,132,939 200,000 200,000 250,000 50,000 25.0 %
Special Assessments — — — — — 0.0 %
Other 28,396,490 33,417,296 33,417,296 35,573,905 2,156,609 6.5 %
Transfer In 9,630,000 — — — — 0.0 %
Use of Fund Balance — — 5,577,250 — — 0.0 %
Total Revenues 39,159,429 33,617,296 39,194,546 35,823,905 2,206,609 6.6 %

Expenses
Salaries & Benefits 2,135,242 2,154,130 2,154,130 2,267,655 113,525 5.3 %
Gen Operating & Maintenance 25,624,367 31,458,530 36,808,530 31,051,615 (406,915) -1.3 %
Capital Accts — — — — — 0.0 %
Debt Service Accts — — — — — 0.0 %
Transfer Out & Other 972,159 4,636 231,886 2,504,635 2,499,999 53925.8 %
Contra Accounts — — — — — 0.0 %
Project Budget Account — — — — — 0.0 %
Total Expenses 28,731,768 33,617,296 39,194,546 35,823,905 2,206,609 6.6 %
Grand Total $ 10,427,661 $ — $ — $ — $ — 0.0 %

2024 2025 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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