Page 36 - Budget Book FY2020-2021
P. 36

Property & Casualty Insurance Fund
             The  Property  &  Casualty  Insurance  Fund  was  established  to  account  for  all  expenses  related  general  liability
             insurance.  Primary funding sources are transfers in from General Fund and Enterprise Funds.


             This  fund  accounts  for  the  cost  of  self-insured  claims,  insurance  premiums  on  excess  coverage  and  related
             administrative costs related to property and casualty insurance. Revenues primarily derived from other City funds
             to  which  these  coverages  are  attributable  will  be  $800K  are  initially  expected  to  offset  any  costs--$859K.  The
             Workmen’s Compensation Fund will transfer $254K to cover the projected deficit of the fund, which will leave a
             zero balance for the ending working capital.








































































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