2001 Actual
1
2002
Adopted
2002
Estimated 2
2003
Proposed
2004
Projected 3
2005
Projected 3
Beginning Fund Balance
6,648,431
7,300,021
7,300,021
10,679,741
13,732,016
15,574,918
Revenues
*Flexrate Recovery
92,390,449114,039,769116,052,780114,900,480130,304,160149,904,000
*Interest Revenue
343,637
316,673
350,000
325,000
350,000
350,000
*Other Non-Flexrate Revenues
13,264,173
11,527,188
11,527,188
12,389,421
14,247,834
16,385,009
*CX Revenue
86,872
146,924
Total Revenues
106,085,131126,030,554127,929,968127,614,901144,901,994166,639,009
Expenditures
*Insurance Premiums
101,930,242115,828,209120,328,209122,529,135140,908,505162,044,781
*Benefits Administration
3,503,299
4,222,039
4,222,039
2,033,491
2,150,587
2,187,240
Total Expenditures
105,433,541120,050,248124,550,248124,562,626143,059,092164,232,021
Estimated Underexpenditures
Other Fund Transactions
*
Total Other Fund Transactions
0
0
0
0
Ending Fund Balance
7,300,021
13,280,327
10,679,741
13,732,016
15,574,918
17,981,906
Reserves & Designations
0
0
* IBNR
(10,761,993) (14,165,747) (12,206,910) (13,730,316) (15,499,936) (17,824,926)
* IBNR Shortfall
(3,461,972) (885,420) (1,527,169) 0
0
0
* Claims Fluctuation Reserve (5% of claims) (3,136,385) (3,541,721) (3,766,721) (3,982,873) (3,966,727) (4,072,979)
* Claims Fluctuation Reserve Shortfall
(3,136,385) (3,541,721) (3,766,721) (3,981,173) (3,891,745) (3,915,999)
Total Reserves & Designations
(7,300,021) (13,280,327) (10,679,741) (13,732,016) (15,574,918) (17,981,906)
Ending Undesignated Fund Balance
0
0
0
0
0
0
Target Fund Balance 4
13,898,378
17,707,468
15,973,631
17,713,189
19,466,663
21,897,905
Financial Plan Notes:
1
2001 Actuals are from the 2001 CAFR.
2
Based on estimates provided for 3rd Quarter Supplemental Appropriation submittal.
3
2003 and 2004 Projected are based on 15% increase in benefit costs and 5% increase in salaries.
4
Target Fund Balance is equal to total of IBNR and CFR
Employee Benefits / 5500
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