Page 289 - City of Fort Worth Budget Book

Fiduciary Funds Retiree Healthcare Trust

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 445,284 575,720 575,720 547,495 (28,225) -4.9 %
Fines & Forfeitures — — — — — 0.0 %
Use of Money & Property 1,964,802 1,500,000 1,500,000 1,500,000 — 0.0 %
Special Assessments — — — — — 0.0 %
Other 26,684,388 26,342,926 26,342,926 27,039,008 696,082 2.6 %
Transfer In — — — — — 0.0 %
Use of Fund Balance — 5,302,053 5,302,053 3,805,145 (1,496,908) -28.2 %
Total Revenues 29,094,474 33,720,699 33,720,699 32,891,648 (829,051) -2.5 %
Expenses
Salaries & Benefits 292,043 283,792 283,792 309,309 25,517 9.0 %
Gen Operating &
Maintenance 31,179,382 33,436,907 33,436,907 32,582,339 (854,568) -2.6 %
Capital Accts — — — — — 0.0 %
Debt Service Accts — — — — — 0.0 %
Transfer Out & Other — — — — — 0.0 %
Contra Accounts — — — — — 0.0 %
Project Budget Account — — — — — 0.0 %
Total Expenses 31,471,425 33,720,699 33,720,699 32,891,648 (829,051) -2.5 %
Grand Total $ (2,376,951) $ — $ — $ — $ — 0.0 %

2024 2025 Change
Fund AP FTE AP FTE AP FTE
Retiree Healthcare Trust — 2.25 — 2.25 — —
Total — 2.25 — 2.25 — —
FUND PURPOSE AND GOALS

The Retiree Healthcare Trust fund was created to aid in financial management activities, demonstrate legal
compliance, and allow for the separation of functions and activities related to the administration of retirees. The
Retiree Healthcare Trust Fund accounts for revenue generated and expenditures incurred in administering retired
employees’ group benefits. Fund revenues come from retiree contributions, contributions from city funds, and
interest on investments.

FY2025 DISCUSSION AND SIGNIFICANT CHANGES
The Recommended Budget:

• Increases by $1 million in Claims Payments/Settlements due to a significant rise in claims costs.
• Increases by $86,577 in Stop Loss premium.

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