Page 313 - CityofKellerFY25Budget

SELF INSURANCE FUND

FUND DESCRIPTION:
The Self Insurance Fund is an internal service fund that uses interfund transfers to pay for premiums for city employees and
expenditures are used for claims and claims administration.

REVENUE SUMMARY

FY 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)
Insurance Premiums $ 5,006,464 $ 5,256,086 $ 4,944,333 $ 4,691,556 $ (564,530)

Miscellaneous Revenue – – – – –

Withholdings From Employees – – – – –
Interest Revenue-Investments 262,796 51,500 283,774 251,215 199,715

Transfer From General Fund – – – – –

Transfer From W&S Fund – – – – –

TOTAL $ 5,269,260 $ 5,307,586 $ 5,228,107 $ 4,942,771 $ (364,815)

EXPENDITURE SUMMARY

FY 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)

Personnel services $ – $ – $ – $ – $ –

Operations & maintenance – – – – –

Services & other 4,071,363 4,640,578 4,352,902 4,740,658 100,080
Capital Outlay – – – – –

TOTAL $ 4,071,363 $ 4,640,578 $ 4,352,902 $ 4,740,658 $ 100,080

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