Adopted Budget Projected Budget 2016-2017
RISK RETENTION FUNDS
PROGRAMS
2014-15
2015-16 Budget
2016-17
2017-18 Projected
Actual
Adopted
General Risk Retention Fund This fund was established to accumulate claim reserves and to pay claims and administrative fees for general liability, vehicle liability, and public official and law enforcement liability.
Appropriation
2,149,192
4,902,706
5,150,539
5,232,284
Full Time Equivalent Positions
0.2
0.2
0.2
0.2
Employee Risk Retention Fund
This fund was established for employee dental, health, and workers’ compensation coverage. The employee’s premiums and the City’s contribution are deposited in this fund. Payments for health coverage are made for the payment of claims and administrative expenses.
45,789,498
45,409,108
50,096,021
50,122,008
Appropriation
Full Time Equivalent Positions
7
7
7.2
7.2
BUDGET SUMMARY
2014-15
2015-16 Budget
2016-17
2017-18 Projected
Actual
Adopted
Expenditures:
Personnel Costs
415,027
587,849
701,863
721,700
Maintenance & Operations
47,523,663
49,723,965
54,544,697
54,632,592
Capital Outlay
0
0
0
0
Total
47,938,690
50,311,814
55,246,560
55,354,292
Total FTE Positions
7.200
7.200
7.400
7.400
Revenues:
Internal Charges Fund Balance User Charges
43,663,889 4,112,316 1,121,297
45,587,229 3,715,085
50,098,545 3,524,515 1,445,000
50,271,045 3,459,641 1,445,000
980,000 29,500
All Other
566,920
178,500
178,606
Subtotal
49,464,422
50,311,814
55,246,560
55,354,292
General Fund Transfer
0
0
0
0
Total
49,464,422
50,311,814
55,246,560
55,354,292
BUDGET HIGHLIGHTS The FY 16-17 Adopted Budget for the General and Employee Risk Retention Funds is increasing by $4,934,746, or 9.8%. The General Risk Retention Fund is increasing by $247,833, or 5.1%. The Employee Risk Retention Fund is increasing by $4,686,913, or 10.3%, primarily due to increased health care costs. The Adopted FY 16-17 Budget includes an FTE increase of 0.2 from FY 15-16, allocating a portion of the Human Resources Director from the General Fund.
Adopted FY 2016-17 Budget
72
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