Page 398 - City of McAllen - Approved Annual Budget Book FY 24-25
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City of McAllen, Texas Adopted Budget 2025
PROPERTY & CASUALTY INSURANCE FUND
Fund Balance Summary
Actual Adj. Budget Estimated Budget
22-23 23-24 23-24 24-25
RESOURCES
BEGINNING WORKING CAPITAL $ (91,180) $ (198,530) $ 131,836 $ 381,995
Revenues:
Fund Contributions $ 1,512,171 $ 2,267,107 $ 2,267,107 $ 2,267,107
Interest Earned - - 53,735 99,977
Other 22,150 923,789 923,789 -
Total Revenues 1,534,321 3,190,896 3,244,631 2,367,084
TOTAL RESOURCES $ 1,443,141 $ 2,992,366 $ 3,376,467 $ 2,749,079
APPROPRIATIONS
Operating Expenses:
Administration $ 185,107 $ 238,572 $ 240,678 $ 254,392
Insurance Premiums 860,216 1,503,557 1,503,557 1,503,557
Claim Expenses 265,983 326,448 326,448 326,448
Total Operations 1,311,305 2,068,577 2,070,683 2,084,397
Other Financing Sources (Uses):
Transfer Out - General Fund - 923,789 923,789 -
TOTAL APPROPRIATIONS $ 1,311,305 $ 2,992,366 $ 2,994,472 $ 2,084,397
ENDING WORKING CAPITAL $ 131,836 $ - $ 381,995 $ 664,682
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