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City of Orono <br />2026 Internal Service Fund Expenditure Budget - Departmental Summary <br />Insurance <br />49960 <br />2026 <br />Dollar <br />2023 <br />2024 <br />2025 <br />Preliminary <br />Increase <br />Increase <br />Actual <br />Actual <br />Budget <br />Budget <br />Decrease <br />Decrease <br />Personal Services 252,680 <br />253,336 <br />252,900 <br />17,350 <br />(235,550) <br />-93.14% <br />Insurance 359,578 <br />385,157 <br />323,500 <br />427,450 <br />103,950 <br />32.13% <br />Total Insurance Fund 612,258 <br />638,492 <br />576,400 <br />444,800 <br />(131,600) <br />-22.83% <br />PROGRAM DESCRIPTION & OBJECTIVES: <br />The Insurance Fund provides for the funding of the City's insurance and any claims against the City. This fund is reimbursed by each applicable <br />department. <br />OPERATING COST ACTIVITIES: <br />* Personal Services include the Finance Director's wage (10%) and worker's compensation insurance premium for the whole City. <br />* Insurance includes general liability, auto insurance, equipment liability, insurance deductible and cost of non -covered claims <br />Page 91 of 96 246 <br />