Page 409 - Budget Book FY2020-2021

City of McAllen, Texas
Workmen's Compensation Fund
Working Capital Summary

Adjusted
Actual Budget Estimated Budget Four Year Plan
18-19 19-20 19-20 20-21 21-22 22-23 23-24 24-25
RESOURCES
BEGINNING WORKING CAPITAL $ 12,118,775 $ 9,028,752 $ 8,790,146 $ 6,912,139 $ 4,310,285 $ 3,989,181 $ 3,565,119 $ 2,411,142

Revenues: .
Fund Contributions: Wkrs Comp 2,173,702 1,956,543 1,957,437 1,738,494 2,765,463 2,665,717 1,956,543 1,738,494
Other Sources 115,370 133,500 128,500 120,000 150,000 150,000 133,500 133,500
Interest Earned 285,598 116,662 167,305 69,121 43,103 39,892 35,651 24,111
Total Revenues 2,574,670 2,206,705 2,253,242 1,927,615 2,958,566 2,855,609 2,125,694 1,896,105

TOTAL RESOURCES $ 14,693,445 $ 11,235,457 $ 11,043,388 $ 8,839,754 $ 7,268,851 $ 6,844,790 $ 5,690,813 $ 4,307,248
APPROPRIATIONS
Operating Expenses:
Risk Management $ 699,790 $ 954,343 $ 885,925 $ 947,466 $ 946,165 $ 946,165 $ 946,165 $ 946,165
Insurance Administration Fees 287,358 258,352 282,352 583,506 583,506 583,506 583,506 583,506
Workers' Compensation Claims 758,146 900,000 650,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000
Total Operations 1,745,294 2,112,695 1,818,277 3,280,972 3,279,671 3,279,671 3,279,671 3,279,671
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 Fun - - - 253,552 - - - -

TOTAL APPROPRIATIONS 5,895,399 4,879,431 4,585,013 4,924,675 3,279,671 3,279,671 3,279,671 3,279,671
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 $ 3,989,181 $ 3,565,119 $ 2,411,142 $ 1,027,577

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