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FUND <br />General <br />OBJ-DESCRIPTION <br />� PERSONAL SERVICES <br />SUPPLIES <br />� MISC. SERVS. & CHGS. <br />CAPITAL OUTLAY <br />TOTAL <br />� <br />ANNUAL BUDGET <br />DEPARTMENT <br />Insurance <br />EXPENDITURES <br />1935 1986 <br />ACTUAL BUDGET <br />95,600 103,350 <br />95,600 103,350 <br />ACCT. NO. <br />10-31 <br />1987 1987 <br />RECMD ADOPTED <br />107,350 107,350 <br />107,350 107,350 <br />Program: Insurance <br />Objective: <br />All insurance premiums paid by the City are budgeted in this <br />account, except those for employee nospitalization insuranc;e, and <br />those relating directly to the Sanitary Sewer Utility, Water <br />Utility, Golf Course, and Ice Arena. <br />EXPENDITURE COMMENTS: <br />1. In the past, the amount budgeted for insurance included a <br />significant amount to fund the City's worker's compensation self <br />insurance fund. Even though the self insurance fund is now adequately <br />funded, the amount budgeted for insurance has not been reduced. The <br />reason for this is that the cost of all types of liability insurance , <br />have increased tremendously. <br />2� <br />