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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br />~HILLS <br /> <br />2005 PROPOSED BUDGET - SUMMARY BY DEPT. <br /> <br />Department Name: Risk Management <br /> <br />2004 Budl!et: $9,000 <br /> <br />Preliminary 2005 Budl!et: $13,000 <br /> <br />Departmental Overview/Summarv: <br />This Special Revenue fund was established to pool dividends received from the League <br />of MN Cities for positive claims experience. This fund tracks dividend revenues and <br />deductibte costs for claims. The goal of this fund is to build a fund balance that would <br />allow the city to increase deductible timits in order to reduce premium costs, <br /> <br />Financial Overview - 2005 <br /> <br />Capital <br />Outlay, $0, <br />0% <br /> <br />Supplies, $0, <br />0% <br /> <br />Operating <br />Transfers, $0, <br />0% <br /> <br />Risk <br /> <br /> <br />Personal <br />Services, $0, <br />0<% <br /> <br />Other <br />ServlCharges, <br />$13,000, <br />100% <br /> <br />J <br /> <br />Sil!nificant Chanl!es from Prior Year: <br />The expenditure for deductibtes was increased to reflect the actual averagc from the past <br />few years. <br />