Page 17 - Proposed budget cover and insert sheets
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CITY OF HURST
FY 2025-2026 ADOPTED 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, 2025 $4,620,413
REVENUES
Group Insurance $ 7,716,961
Interest Earnings 184,817
Retiree Trust Contributions 200,000
YE Transfer 624,665
Employee and Retiree Participation 1,347,606
TOTAL REVENUES $10,074,049
TOTAL FUNDS AVAILABLE $14,694,462
EXPENDITURES
Fixed Costs $ 152,289
Estimated Claims (Health/RX/Dental) 8,110,490
Stop Loss Premium 1,648,307
Retiree First Premiums 303,601
Benefits Consultant 30,000
Other Employee Programs 417,031
Credits & Rebates (725,000)
Employee Wellness Program 20,000
Health Care Reform Fees 2,228
System Administration Fees 115,103
TOTAL EXPENDITURES $10,074,049
FUND BALANCE AS OF SEPTEMBER 30, 2026 $4,620,413
