Page 459 - Budget FY 2022-2023 - Update
P. 459
Adopted Budget 2023 City of McAllen, Texas
WORKMEN’S COMPENSATION FUND
Fund Balance Summary
Budget Four Year Plan
22-23 23-24 24-25 25-26 26-27
RESOURCES
BEGINNING WORKING CAPITAL $ 7,359,317 $ 7,150,837 $ 7,758,045 $ 7,641,098 $ 7,523,859
Revenues:
Fund Contributions: Workers’ Compensation $ 1,859,784 $ 2,665,717 $ 1,956,544 $ 1,956,544 $ 1,859,784
Other Sources 165,000 150,000 133,500 133,500 173,500
Interest Earned 13,003 17,877 19,395 19,103 18,810
Total Revenues 2,037,787 2,833,594 2,109,439 2,109,147 2,052,094
TOTAL RESOURCES $ 9,397,104 $ 9,984,431 $ 9,867,484 $ 9,750,245 $ 9,575,953
APPROPRIATIONS
Operating Expenses:
Risk Management $ 1,080,944 $ 1,060,406 $ 1,060,406 $ 1,060,406 $ 1,064,406
Insurance Administration Fees 365,323 365,980 365,980 365,980 469,980
Workers’ Compensantion Claims 800,000 800,000 800,000 800,000 800,000
Total Operations 2,246,267 2,226,386 2,226,386 2,226,386 2,334,386
TOTAL APPROPRIATIONS $ 2,246,267 $ 2,226,386 $ 2,226,386 $ 2,226,386 $ 2,334,386
ENDING WORKING CAPITAL $ 7,150,837 $ 7,758,045 $ 7,641,098 $ 7,523,859 $ 7,241,567
PROPERTY & CASUALTY INSURANCE FUND
Fund Balance Summary
Budget Four Year Plan
22-23 23-24 24-25 25-26 26-27
RESOURCES
BEGINNING WORKING CAPITAL $ 11,221 $ 277 $ (10,667) $ (17,628) $ (24,590)
Revenues:
Fund Contributions $ 1,512,171 $ 1,512,171 $ 1,512,171 $ 1,512,171 $ 1,512,171
Total Revenues 1,512,171 1,512,171 1,512,171 1,512,171 1,512,171
TOTAL RESOURCES $ 1,523,392 $ 1,512,448 $ 1,501,504 $ 1,494,543 $ 1,487,581
APPROPRIATIONS
Operating Expenses:
Administration $ 193,110 $ 193,110 $ 189,127 $ 189,127 $ 189,127
Insurance 1,003,557 1,003,557 1,003,557 1,003,557 1,003,557
Claims Expenses 326,448 326,448 326,448 326,448 326,448
Total Operations 1,523,115 1,523,115 1,519,132 1,519,132 1,519,132
TOTAL APPROPRIATIONS $ 1,523,115 $ 1,523,115 $ 1,519,132 $ 1,519,132 $ 1,519,132
ENDING WORKING CAPITAL $ 277 $ (10,667) $ (17,628) $ (24,590) $ (31,551)
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