Financial Statements - Management Services
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ASSETS
Cash and investments
22,457,176
$
Accrued interest
238,902
Due from city
230,421
Total assets
22,926,499
NET POSITION
Unrestricted
22,926,499
Total net position (1)
22,926,499
$
Notes:
2025
(1) Net Position as compared to Reserve Goal:
Nominal
"Central" Value
Estimated Unpaid Losses & ALAE, as of 6/30/25
11,349,762
$
Weighted Projected Ultimate Losses & ALAE
3,012
Reserve Goal Based on 6/30/25 Actuarial Report
11,352,774
$
CITY OF CHANDLER
Chandler Worker's Compensation and Employer Liability Trust
Statement of Net Position
December 31, 2025
FY 2025-26
Budget
FY 2025-26
Budget
Prorated
Actuals
Budget to
Actual
Difference
OPERATING REVENUES
Contributions:
Employer self insurance premiums
5,060,100
$
2,530,050
$
2,796,472
$
266,422
$
Recovery of prior year expense
-
-
18,022
18,022
Refunds and reimbursements
-
-
47,620
47,620
Total operating revenues
5,060,100
2,530,050
2,862,114
332,064
OPERATING EXPENSES
Personnel services
621,953
310,977
333,850
22,873
Professional services
145,150
72,575
51,450
(21,125)
Operating supplies and maintenance
9,200
4,600
445
(4,155)
Communication and transportation
2,100
1,050
397
(653)
Excess insurance
700,000
700,000
631,514
(68,486)
Premium insurance
70,000
35,000
33,508
(1,492)
Other insurance
750,000
750,000
693,839
(56,161)
Claims paid
3,000,000
1,500,000
1,399,227
(100,773)
Other:
Education and training
2,100
1,050
1,100
50
Computer software
20,801
10,401
-
(10,401)
Total operating expenses
5,321,304
3,385,653
3,145,330
(240,323)
OPERATING INCOME (LOSS)
(261,204)
(855,603)
(283,216)
572,387
NONOPERATING REVENUES (EXPENSES):
Interest income (loss)
865,000
432,500
485,890
53,390
Transfers out to technology fund
(3,845)
(3,845)
(3,845)
-
Transfers in from Municipal Utilities for safety position
76,854
38,426
38,428
2
Total nonoperating revenues (expenses)
938,009
467,081
520,473
53,392
Change in net position
676,805
(388,522)
237,257
625,779
NET POSITION:
Total net position, as of July 1, 2025
22,689,242
22,689,242
22,689,242
-
Total net position, as of December 31, 2025
23,366,047
$
22,300,720
$
22,926,499
$
625,779
$
CITY OF CHANDLER
Chandler Workers Compensation and Employer Liability Trust
Statement of Revenues, Expenses and Changes in Net Position
For the Six Months Ended December 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received for premiums
2,717,290
$
Cash received for refunds and reimbursements
47,620
Cash payments for claims
(1,440,227)
Cash payments to suppliers for other services
(1,412,724)
Cash payments to employees for services
(333,850)
Net cash provided (used) by operating activities
(421,891)
CASH FLOWS FROM CAPITAL FINANCING ACTIVITIES:
Cash paid to city for technology replacement
(3,845)
Net cash provided (used) by capital financing activities
(3,845)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Cash received from the city
38,428
Net cash provided (used) by noncapital financing activities
38,428
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment income
502,775
Net cash used from investing activites
502,775
Net increase (decrease) in cash and cash equivalents
115,467
CASH AND CASH EQUIVALENTS:
Beginning of year
22,341,709
As of December 31, 2025
22,457,176
$
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED
(USED) BY OPERATING ACTIVITIES:
Operating income (loss)
(283,216)
$
(Increase) decrease in due from city
(97,204)
(Increase) decrease in claims payable
(41,000)
Increase (decrease) in accounts payable
(471)
Total adjustments
(138,675)
Net cash provided (used) by operating activities
(421,891)
$
CITY OF CHANDLER
Chandler Worker's Compensation and Employer Liability Trust
Statement of Cash Flows
For the Six Months Ended December 31, 2025