FY 27 Proposed Operating Budget

SELF INSURANCE FUND FISCAL YEAR 2027

Purpose The Self-Insurance Fund was established in 1982 as an Internal Service Fund. This fund accounts for budgeted monies from operating funds for a percentage of self-insurance contributions. The fund also receives reimbursement from other parties for claims paid. Excess insurance premiums, claims and other expenses are paid

Self-Insurance Fund Statement of Estimated Net Position

Total Net Position as of June 30, 2025

19,913,296

Investment Income Insurance Recoveries

1,200,000

186,000 from this fund. An actuarial study was completed for June 2022Revenues from Agencies and Reimbursements 48,744,000 which covers the general liability, automotive liability, property Total Estimated Revenues

50,130,000

damage, and workers' compensation exposures.

Expenses for Claims, Excess Coverages, Claims Management and Other Expenditures

50,130,000

Total Estimated Expenditures

50,130,000

Estimated Net Position - June 30, 2026

19,913,296

Fiscal Year 2027

Investment Income Insurance Recoveries Net Assets Appropriated

1,050,000 176,000

1,000,000 Revenues from Agencies and Reimbursements 54,042,000 Total Estimated Revenues

56,268,000

Claims and Expenditures

56,268,000

Total Estimated Expenditures

56,268,000

Estimated Net Position - June 30, 2027

19,913,296

698