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Annual_Report_1998_001
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The investment earnings (including market gains and losses) by funds were as follows: <br />General <br />Special Revenue <br />Debt Service <br />Capital Projects <br />Enterprise <br />Internal Service <br />Trust and Agency <br />Total <br />$ 311,750 <br />279,131 <br />471,621 <br />2,316,454 <br />522,600 <br />371,917 <br />236 667 <br />4.510.14 <br />There was an increase in 1998 investment earnings due primarily to increased market values, <br />and the capturing of capital gains on sales of treasury securities. <br />The following is a history of eamings by year: <br />Year <br />1989 <br />1990 <br />1991 <br />J992 <br />1993 <br />1994 <br />1995 <br />i996 <br />1997 <br />1998 <br />Risk Management <br />� -n. -• �� <br />InvesCmen4 <br />F.arnin c <br />2,743,b23 <br />2,774,508 <br />2,652,820 <br />2,536,716 <br />1,869,398 <br />2,644,143 <br />3,153,960 <br />3,028,942 <br />3,505,712 <br />4,510,140 <br />The Workers' Compensation Self-Insurance Fund wac establishecl to service workers' <br />compensauon insurance claims. All awards of compensation, legal fees, administrative costs, <br />and the premium for excess coverage are paid from this fund. The Workers' Compensation <br />Reinsurance Association provided excess coverage for all claims in 1999 in excess of $280,000 <br />(1997 - $270,000), with no limits. <br />The program has proven to be very successful since it was established in 1980. Property taYes <br />have been levied to support the worker's compensation program oniy 3 out of the past 8 years. <br />16 <br />
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