Page 280 - 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.

FY2025 DISCUSSION AND SIGNIFICANT CHANGES
The Recommended Budget:

• Increases by $2,504,635 in Transfer Out due to contributions to Fund Balance/Net Position.
• Increases by $94,961 in salary and benefits for previously approved costs associated with pay for
performance, rising health care costs and pension contributions.
• Increases by $63,000 due to Reinsurance Premium increases.
• Increases by $54,987 due to Lawsuit Expenses.

• Increases by $96,958 in General Operating & Maintenance due to increases in administrative costs.
• Decreases by ($7,819) due to Commercial Insurance policy decreases.
• Decreases by ($249,958) due to Workers’ Compensation claim administration and cost.
• Decreases by ($341,850) due to Self Insurance Losses.

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