Page 351 - Approved Annual Budget FY 2019-2020_Flat
P. 351
City of McAllen, Texas
Workmen's Compensation Fund
Working Capital Summary
Actual Adj. Budget Estimated Budget
17-18 18-19 18-19 19-20
RESOURCES
BEGINNING WORKING CAPITAL $ 11,163,173 $ 11,989,260 $ 12,118,775 $ 9,028,752
Revenues:
Fund Contributions:
Workmens Compensation 2,765,276 2,173,267 2,173,267 1,956,543
Other Sources 147,951 150,000 133,500 133,500
Interest Earned 193,052 147,956 116,662 116,662
Total Revenues 3,106,280 2,471,223 2,423,429 2,206,705
TOTAL RESOURCES $ 14,269,453 $ 14,460,483 $ 14,542,204 $ 11,235,457
APPROPRIATIONS
Operating Expenses:
Risk Management $ 628,478 $ 754,469 $ 748,410 $ 910,654
Insurance Administration Fees 270,784 286,750 282,041 302,041
Workers' Compensation Claims 852,172 900,000 830,000 900,000
Total Operations 1,751,434 1,941,219 1,860,451 2,112,695
Other Financing Sources (Uses):
Transfer out - Health Insurance Fund 1,080,192 4,150,105 4,150,105 1,713,831
TOTAL APPROPRIATIONS 2,831,626 6,091,324 6,010,556 3,826,526
Revenues over/(under) Expenditures 274,654 (3,620,101) (3,587,127) (1,619,821)
Other Items Affecting Working Capital
Other items 183,844 - - -
Toll Bridge Fund Loan Payment 101,898 203,796 101,898 67,932
Airport Fund Loan Payment 395,206 395,206 395,206 395,206
ENDING WORKING CAPITAL $ 12,118,775 $ 8,968,161 $ 9,028,752 $ 7,872,069
- 302 -
