Foster City City Council
March 24, 2025

ATTACHMENT 1
FY 2025/2026 SELF INSURANCE FUND INTERNAL SERVICE CHARGES Fund Balance 6/30/2024 (Actual) 1,056,004$
From FY 2023/2024 ACFR
Original Projected
Budget 6/30/2025
Revenues FY 2024/2025 2,086,123$ 2,106,723$ 2,106,723$ Department Assessments 2,081,723 2,081,723
City GF 936,775$
Vehicle 270,624$
Water 437,162$
Wastewater 437,162$
Interest Earnings 4,400$ 25,000$
Expenditures FY 2024/2025 2,007,000$ 1,672,027$ (1,672,027)$ SIR - New Claims 130,000$ 45,000$
SIR - Existing Claims 130,000$ 49,000$
Liability/Property/Vehicle Premium 1,700,000$ 1,529,322$ All Risk & Bond (includes Cyber and Storage Tank) 46,000$ 47,705$ Supplies and Services 1,000$ 1,000$
Fund Balance 6/30/2025 (Projected) 1,490,700$
Proposed
Budget
Revenues FY 2025/2026 1,489,305$
Department Assessments 1,469,305$
City GF 44.0% 646,493$
Vehicle 13.0% 191,010$
Water 21.0% 308,554$
Wastewater 21.0% 308,554$
Workforce Housing 1.0% 14,694$
Interest Earnings 20,000$
Expenditures FY 2025/2026 1,980,000$
SIR - New Claims 75,000$
SIR - Existing Claims 49,000$
Liability/Property/Vehicle Premium 1,800,000$
All Risk & Bond (includes Cyber and Storage Tank) 55,000$ Supplies and Services 1,000$
Fund Balance 6/30/2026 (Projected) 1,000,005$
Target Fund Balance (1,000,000)$
Difference 5$
https://fostercity-my.sharepoint.com/personal/dpitman_fostercity_org/Documents/Finance/Budget/FY25-26/FY 2025-2026 Self Insurance Fund Internal Service Charges Analysis and Proposed Budget 3/19/2025 11:02 AM