FY25 Proposed Budget

Health Insurance Reserve (8500) Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 12,309,571 14,435,853 $ $ 14,447,353 16,400,412 $ $ 17,515,941 $ 19,611,041

Revenues:

Use Of Money And Property Interest Revenues

$

81,214 $

334,165 $

186,792 $

186,792 $

180,000 $

180,000

Charges For Fees And Services Miscellaneous Charges For Services

590,651

555,574

606,000

606,000

555,600

583,380

Miscellaneous

Intra-City Charges

10,793,500 11,734,603

12,593,760 12,593,760

13,618,000

14,298,900

Other Miscellaneous Revenue

148

-

-

-

-

-

Total Revenues Expenditures: Services

$ 11,465,512 12,624,342 $ $ 13,386,552 13,386,552 $ $ 14,353,600 $ 15,062,280

$ 9,337,613 10,659,783 $ $ 12,270,023 12,270,023 $ $ 12,257,500 $ 12,870,375

Supplies

1,616

-

1,000

1,000

1,000

1,020

Total Expenditures

$ 9,339,230 10,659,783 $ $ 12,271,023 12,271,023 $ $ 12,258,500 $ 12,871,395 $ 14,435,853 16,400,412 $ $ 15,562,882 17,515,941 $ $ 19,611,041 $ 21,801,926

Fund Balance, June 30

Restricted / Committed / Assigned

8,123,615

8,123,615

8,123,615

8,730,093

8,730,093

8,730,093

Unassigned Balance

$ 6,312,238 8,276,797 $ $ 7,439,267 $ 8,785,848 $ 10,880,948 $ 13,071,833

% of Revenues

55%

66%

56%

66%

76%

87%

674