Foster City City Council
March 23, 2026

ATTACHMENT 1
FY 2027/2028 SELF INSURANCE FUND INTERNAL SERVICE CHARGES Attachment 1.2 Fund Balance 6/30/2026 (Estimated) 1,081,328$
Original Projected
Budget 6/30/2027
Revenues FY 2026/2027 2,037,285$ 2,037,285$ 2,037,285$ Department Assessments 2,012,285 2,012,285
City GF 885,405$
Vehicle 261,597$
Water 422,580$
Wastewater 422,580$
Workforce Housing 20,123$
Interest Earnings 25,000$ 25,000$
Expenditures FY 2026/2027 2,113,610$ 2,113,610$ (2,113,610)$ SIR - New Claims 95,000$ 95,000$
SIR - Existing Claims 49,000$ 49,000$
Liability/Property/Vehicle Premium 1,911,960$ 1,911,960$ All Risk & Bond (includes Cyber and Storage Tank) 56,650$ 56,650$ Supplies and Services 1,000$ 1,000$
Fund Balance 6/30/2027 (Projected) 1,005,003$
Proposed
Budget
Revenues FY 2027/2028 2,205,906$
Department Assessments 2,185,906$
City GF 44.0% 961,798$
Vehicle 13.0% 284,168$
Water 21.0% 459,040$
Wastewater 21.0% 459,040$
Workforce Housing 1.0% 21,860$
Interest Earnings 20,000$
Expenditures FY 2027/2028 2,210,908$
SIR - New Claims 95,000$
SIR - Existing Claims 49,000$
Liability/Property/Vehicle Premium 2,007,558$
All Risk & Bond (includes Cyber and Storage Tank) 58,350$ Supplies and Services 1,000$
Fund Balance 6/30/2028 (Projected) 1,000,002$
Target Fund Balance (1,000,000)$
Difference 2$
https://fostercity-my.sharepoint.com/personal/ncruz_fostercity_org/Documents/FY 2027-2028 Self Insurance Fund Internal Service Charges Analysis and Proposed Budget 3/10/2026 2:56 PM