Workers' Compensation Fund

FY 2023 Annual Budget

Department Description

The Workers' Compensation Fund accounts for transactions of a self-insured workers' compensation plan for City employees.

Pro Forma Schedule of Working Capital Position

  • Fiscal Year 2021-22 beginning Amended Budget is adjusted for actual audited amounts, encumbrances, and Council approved budget amendments.
  • The discrepancy between Total Revenue and Total Expenses will be funded with Working Capital (excess amount over the minimum Working Capital requirement).

Revenues vs Expenses

  • Interest Income decreased due to current conditions.

  • Health increase mainly due to increase in claims.
  • Transfers decreased due to last year transfer back due to excess in working capital.