Foster City City Council
March 23, 2026

FY 2026/2027 SELF INSURANCE FUND INTERNAL SERVICE CHARGES Fund Balance 6/30/2025 (Actual) 1,460,834$
From FY 2024/2025 ACFR
Original Projected
Budget 6/30/2026
Revenues FY 2025/2026 1,498,610$ 1,498,610$ 1,498,610$ Department Assessments 1,473,610 1,473,610
City GF 646,493$
Vehicle 191,010$
Water 308,554$
Wastewater 308,554$
Workforce Housing 18,999$
Interest Earnings 25,000$ 25,000$
Expenditures FY 2025/2026 1,980,000$ 1,878,116$ (1,878,116)$ SIR - New Claims 75,000$ 120,000$
SIR - Existing Claims 49,000$ 15,000$
Liability/Property/Vehicle Premium 1,800,000$ 1,692,000$ All Risk & Bond (includes Cyber and Storage Tank) 55,000$ 50,116$ Supplies and Services 1,000$ 1,000$
Fund Balance 6/30/2026 (Projected) 1,081,328$
Proposed
Budget
Revenues FY 2026/2027 2,032,285$
Department Assessments 2,012,285$
City GF 44.0% 885,405$
Vehicle 13.0% 261,597$
Water 21.0% 422,580$
Wastewater 21.0% 422,580$
Workforce Housing 1.0% 20,123$
Interest Earnings 20,000$
Expenditures FY 2026/2027 2,113,610$
SIR - New Claims 95,000$
SIR - Existing Claims 49,000$
Liability/Property/Vehicle Premium 1,911,960$
All Risk & Bond (includes Cyber and Storage Tank) 56,650$ Supplies and Services 1,000$
Fund Balance 6/30/2027 (Projected) 1,000,003$
Target Fund Balance (1,000,000)$
Difference 3$