| CITY OF BURLINGTON | |||||||||||||||||||||||
| PROPRIETARY SELF INSURANCE FUND | |||||||||||||||||||||||
| BUDGET FOR THE YEAR 2008 | |||||||||||||||||||||||
| Anticipated | Proposed | Proposed | Proposed | ||||||||||||||||||||
| Budget | Actual | Budget | Actual | Budget | Actual | Budget | Budget | Budget | |||||||||||||||
| 2005 | 2005 | 2006 | 2006 | 2007 | 2007 | 2008 | 2009 | 2009 | |||||||||||||||
| Operating Revenues | |||||||||||||||||||||||
| Charges for Services | |||||||||||||||||||||||
| 501-474930-000 | Premiums from Departments | $ | ####### | $ | ####### | $ | ####### | 1,140,844 | $ | 1,152,665 | $ | 1,102,125 | $ | 1,159,155 | $ | 1,280,507 | $ | 1,414,640 | |||||
| 501-474931-000 | Premiums from Retiree's[1] | ####### | ####### | ####### | 146,010 | 166,214 | 163,852 | 187,822 | 212,239 | 239,829.68 | |||||||||||||
| Total Charges for Services | ####### | ####### | ####### | 1,286,854 | 1,318,879 | 1,265,977 | 1,346,977 | 1,492,746 | 1,654,469 | ||||||||||||||
| Operating Expenses | |||||||||||||||||||||||
| Operation and Maintenance | |||||||||||||||||||||||
| 501-514800-000 | Claims | ####### | ####### | ####### | 857,887 | 1,048,146 | 532,675 | 1,247,294 | 1,372,023 | 1,509,225 | |||||||||||||
| 501-514900-000 | Administrative | ####### | ####### | ####### | 269,794 | 277,236 | 267,424 | 294,166 | 323,583 | 355,941 | |||||||||||||
| Total Operating Expenses | ####### | ####### | ####### | 1,127,681 | 1,325,382 | 800,099 | 1,541,460 | 1,695,606 | 1,865,166 | ||||||||||||||
| Operating Transfers Out | - | - | (23,400) | - | - | - | - | - | - | ||||||||||||||
| Net Income | - | ####### | (23,400) | 159,173 | (6,503) | 465,878 | (194,483) | (202,860) | (210,697) | ||||||||||||||
| Retained Earnings - January 1, | 42,161 | 42,161 | ####### | 227,015 | 386,188 | 386,188 | 852,065 | 657,582 | 454,722 | ||||||||||||||
| Retained Earnings - December 31 | $ | 42,161 | $ | ####### | $ | ####### | 386,188 | $ | 379,684 | $ | 852,065 | $ | 657,582 | $ | 454,722 | $ | 244,025 | ||||||
| 25% of Operating Expenses | $ | 331,346 | 200,025 | $ | 385,365 | $ | 423,901 | 466,292 | |||||||||||||||
| Page 98 | |||||||||||||||||||||||