Page 32 - CityofNRHFY25AdoptedBudget

FISCAL YEAR 2024-2025
SCHEDULE 25 - SUMMARY OF REVENUES AND EXPENDITURES

SELF INSURANCE FUND
ADOPTED REVISED ADOPTED
ACTUAL ACTUAL BUDGET BUDGET BUDGET
FY 2021/22 FY 2022/23 FY 2023/24 FY 2023/24 FY 2024/25
REVENUES
HEALTH & MEDICAL CONTRIBUTIONS
Health & Medical (City Contribution) $10,442,223 $9,479,130 $9,528,258 $8,390,758 $8,583,282
Health & Medical (Employee Contribution) 2,439,041 2,627,896 2,056,826 1,941,826 2,103,155
TOTAL HEALTH & MEDICAL CONTRIBUTIONS $12,881,264 $12,107,026 $11,585,084 $10,332,584 $10,686,437

OTHER CONTRIBUTIONS
Worker's Comp & Admin (City Contribution) $1,119,127 $1,233,834 $513,373 $513,373 $529,296
Other Insurance (City Contribution) 1,057,369 1,141,803 1,743,593 1,743,593 1,831,800
Flexible Spending Account (Employee Contribution) 113,065 98,504 125,000 125,000 110,000
TOTAL OTHER CONTRIBUTIONS $2,289,562 $2,474,140 $2,381,966 $2,381,966 $2,471,096
OTHER REVENUES
Stop Loss Reimbursement $47,382 $111,052 $0 $411,158 $400,000
Interest Income 175,391 999,976 473,371 1,035,128 962,000
Other Income 358,191 398,026 33,700 333,700 650,000
TOTAL OTHER REVENUES $580,965 $1,509,054 $507,071 $1,779,986 $2,012,000

TOTAL REVENUES $15,751,791 $16,090,221 $14,474,121 $14,494,536 $15,169,533
APPROPRIATION OF FUND BALANCE
Self Insurance Fund Reserves $0 $0 $0 $0 $0
TOTAL APPROPRIATION OF FUND BALANCE $0 $0 $0 $0 $0
TOTAL RESOURCES $15,751,791 $16,090,221 $14,474,121 $14,494,536 $15,169,533

EXPENDITURES
Health & Medical $8,499,157 $10,402,926 $11,376,474 $11,376,474 $11,612,317
Worker's Compensation 117,303 301,930 515,000 523,573 515,000
Personnel Expenses 647,500 698,733 712,040 716,290 800,123
Property, Liability, and Other Insurance 1,063,500 1,486,902 1,743,592 1,743,592 1,831,800
Flexible Spending Account Expense 110,156 98,369 125,000 125,000 110,000
Non-Departmental 88,550 26,575 2,015 0 5,143
TOTAL OPERATING EXPENDITURES $10,526,165 $13,015,434 $14,474,121 $14,484,929 $14,874,383

OTHER & RESERVES
Transfer to Retiree Health Care Fund $100,000 $0 $0 $0 $0
Planned Contribution to Fund Balance 0 0 0 9,607 295,150
TOTAL OTHER & RESERVES $100,000 $0 $0 $9,607 $295,150
TOTAL EXPENDITURES $10,626,165 $13,015,434 $14,474,121 $14,494,536 $15,169,533

BALANCE $5,125,626 $3,074,786 $0 $0 $0

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