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Insurance Fund <br />The insurance fund accounts for the total insurance revenue and expense between all <br />departments along with claims against the city. Revenue is made up of each department’s <br />allocation for insurance and expenditure is for insurance premiums, claims and deductibles. <br />The 2025 budget is anticipating a $44,150 negative net income which is offset by the current <br />balance in the fund. <br />IT Fund <br />The IT Fund charges each applicable department for their portion of IT service. The biggest <br />increase is seen in personal service for the addition of a second IT personnel. <br />The 2025 budget is anticipating a $32,900 negative net income. This will be offset in future years <br />as department costs are analyzed. <br />Staff will continue to review and refine budget if there are additional changes needed prior to <br />adoption in December. <br />Attachments: <br />1.Rate Increase Projections (based on prior rate study) <br />2.Enterprise and Internal Service Funds Overview <br />3.Enterprise Funds Revenue <br />4.Enterprise Funds Expenditure Summary and Detail <br />5.Internal Service Funds Revenue <br />6.Internal Service Funds Expenditure Summary and Detail <br />3 of 31 5