Page 342 - Budget Book FY2020-2021
P. 342
City of McAllen, Texas
Workmen's Compensation Fund
Working Capital Summary
Actual Adj. Budget Estimated Budget
18-19 19-20 19-20 20-21
RESOURCES
BEGINNING WORKING CAPITAL $ 12,118,775 $ 9,028,752 $ 8,790,146 $ 6,912,139
Revenues:
Fund Contributions:
Workmens Compensation 2,173,702 1,956,543 1,957,437 1,738,494
Other Sources 115,370 133,500 128,500 120,000
Interest Earned 285,598 116,662 167,305 69,121
Total Revenues 2,574,670 2,206,705 2,253,242 1,927,615
TOTAL RESOURCES $ 14,693,445 $ 11,235,457 $ 11,043,388 $ 8,839,754
APPROPRIATIONS
Operating Expenses:
Risk Management $ 699,790 $ 954,343 $ 885,925 $ 947,466
Insurance Administration Fees 287,358 258,352 282,352 583,506
Workers' Compensation Claims 758,146 900,000 650,000 1,750,000
Total Operations 1,745,294 2,112,695 1,818,277 3,280,972
Other Financing Sources (Uses):
Transfer out - Health Insurance Fund 4,150,105 2,766,736 2,766,736 1,390,151
Transfer out - Property & Casualty Fund - - - 253,552
TOTAL APPROPRIATIONS 5,895,399 4,879,431 4,585,013 4,924,675
Revenues over/(under) Expenditures (3,320,729) (2,672,726) (2,331,771) (2,997,060)
Other Items Affecting Working Capital
Other items (505,004) - - -
Toll Bridge Fund Loan Payment 101,898 67,932 58,558 -
Airport Fund Loan Payment 395,206 395,206 395,206 395,206
ENDING WORKING CAPITAL $ 8,790,146 $ 6,819,164 $ 6,912,139 $ 4,310,285
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