Fiscal Year 2013 Recommended Budget Book - Lake County

Department: Human ResourcesProgram: Property and CasualtyActual Adopted Estimated BudgetExpenditures/Positions FY 2011 FY 2012 FY 2012 FY 2013Expenditures by CategoryPersonal Services $ - $ - $ - $ -Operating 2,791,327 2,765,000 2,476,000 2,781,800Capital Outlay - - - -Subtotal Operating Expenditures $ 2,791,327 $ 2,765,000 $ 2,476,000 $ 2,781,800Capital Improvements - - - -Debt Service - - - -Grants and Aids - - - -Transfers 130,128 130,646 130,646 137,455Reserves - 2,481,689 - 1,973,029Total Operating Expenditures $ 2,921,455 $ 5,377,335 $ 2,606,646 $ 4,892,284Service Charge Reimbursements - - - -Net Expenditures $ 2,921,455 $ 5,377,335 $ 2,606,646 $ 4,892,284Expenditures by FundProperty and Casualty $ 2,921,455 $ 5,377,335 $ 2,606,646 $ 4,892,284Total Expenditures $ 2,921,455 $ 5,377,335 $ 2,606,646 $ 4,892,284Number of Full Time Positions - - - -Number of Part Time Positions - - - -Number of Full Time Equivalent Positions - - - -Highlights:Operating Expenses for Fiscal Year 2013 includes $1,470,000 for insurance premiums on County assets, and $430,000 foractuarial review, consulting services, legal fees, and building appraisals. Workers' Compensation claims are budgeted at$550,000, and Property and Liability claims are estimated at $300,000.Transfers for Fiscal Year 2013 includes $137,455, which provides a portion of the funding for the Risk and BenefitsAdministration. Funds are used for administration and operating costs associated with the County's insurance funds. The balanceof funding for Risk and Benefits Administration is transferred from the Employee Group Benefits Fund.Reserves for Fiscal Year 2013 include $100 in purchase order carry-forwards, and $1,972,929 available for operations. Theactuarial report dated September 30, 2011, concluded that reserve funding would be actuarially adequate at $2,023,258.G - 12