Page 23 - Proposed budget cover and insert sheets
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CITY OF HURST
FY 2024-2025 PROPOSED BUDGET
LOSS RESERVE FUND
REVENUES AND EXPENDITURES
The Loss Reserve Fund is an internal service fund used to record financial information for some of the City's
benefits programs. The largest expenses are medical and dental claims for full-time City employees, eligible
retirees, and their dependents. The Loss Reserve Fund receives operating fund revenues from City
departments, employee contributions, and retiree contributions. The contributions are based on cost-
sharing methods and employee and retiree elections. Reserves have accumulated in the fund since the
inception of the program due to claims history, and it is the City's goal to maintain that reserve.
ESTIMATED BEGINNING FUND BALANCE OCTOBER 1, 2024 $5,620,414
REVENUES
Group Insurance $ 6,434,669
Interest Earnings 224,817
Retiree Trust Contributions 500,000
YE Transfer 276,000
Employee and Retiree Participation 1,197,582
TOTAL REVENUES $8,633,068
TOTAL FUNDS AVAILABLE $14,253,482
EXPENDITURES
Fixed Costs $ 135,020
Estimated Claims (Health/RX/Dental) 6,897,065
Stop Loss Premium 1,618,840
Benefits Consultant 30,000
Other Employee Programs 389,958
Credits & Rebates (660,000)
Employee Wellness Program 35,000
Plan Design Change (30,000)
Health Care Reform Fees 2,082
System Administration Fees 215,103
TOTAL EXPENDITURES $8,633,068
FUND BALANCE AS OF SEPTEMBER 30, 2025 $5,620,414
