What is the purpose of the City’s Self Insurance Fund?

The Self Insurance Fund provides a central risk financing mechanism and self-insurance reserve for the payment of claims relating to workers’ compensation, general liability and employee health. Responsibility for the administration of the Self Insurance Fund rests with the Office of Human Resources that oversees matters involving employee related benefits such as life, health, and dental insurance coverage, as well as handling potential claims against the City. Activities of this fund include retaining of third party administrators, obtaining third party property insurance coverage, and securing claims management services.

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1. What is the City’s Adopted Budget?
2. By what date does the City’s Budget need to be adopted?
3. How much is the FY 2024 Adopted Budget?
4. What is a fiscal year?
5. What is a mill?
6. What is the City’s current property tax rate?
7. What is the difference between property taxes and ad valorem taxes?
8. For purposes of the City’s budget, what does debt mean?
9. What does debt service mean?
10. What is a Fund?
11. What is the City’s General Fund?
12. What is an Enterprise Fund?
13. What is the purpose of a Central Services Fund?
14. What is the purpose of the City’s Self Insurance Fund?
15. What is the Capital Improvement Plan (CIP)?
16. What is a capital project?
17. How many full-time employees work for the City?