Financial Statements - Management Services
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ASSETS
Cash and investments
23,005,437
$
Accrued interest
178,142
Due from city
572,696
Total assets
23,756,275
NET POSITION
Unrestricted
23,756,275
Total net position (1)
23,756,275
$
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
3,012,000
Reserve Goal Based on 6/30/25 Actuarial Report
14,361,762
$
CITY OF CHANDLER
Chandler Worker's Compensation and Employer Liability Trust
Statement of Net Position
March 31, 2026
FY 2025-26
Budget
FY 2025-26
Budget
Prorated
Actuals
Budget to
Actual
Difference
OPERATING REVENUES
Contributions:
Employer self insurance premiums
5,060,100
$
3,795,075
$
4,038,827
$
243,752
$
Recovery of prior year expense
-
-
18,022
18,022
Refunds and reimbursements
-
-
47,620
47,620
Total operating revenues
5,060,100
3,795,075
4,104,469
309,394
OPERATING EXPENSES
Personnel services
621,953
466,465
479,518
13,053
Professional services
145,150
108,863
78,200
(30,663)
Operating supplies and maintenance
9,200
6,900
19,493
12,593
Communication and transportation
2,100
1,575
549
(1,026)
Excess insurance
700,000
700,000
651,555
(48,445)
Premium insurance
70,000
52,500
54,714
2,214
Other insurance
750,000
750,000
677,085
(72,915)
Claims paid
3,000,000
2,250,000
1,871,987
(378,013)
Other:
Education and training
2,100
1,575
1,100
(475)
Computer software
20,801
15,601
-
(15,601)
Total operating expenses
5,321,304
4,353,479
3,834,201
(519,278)
OPERATING INCOME (LOSS)
(261,204)
(558,404)
270,268
828,672
NONOPERATING REVENUES (EXPENSES):
Interest income (loss)
865,000
648,750
742,970
94,220
Transfers out to technology fund
(3,845)
(3,845)
(3,845)
-
Transfers in from Municipal Utilities for safety position
76,854
57,640
57,640
-
Total nonoperating revenues (expenses)
938,009
702,545
796,765
94,220
Change in net position
676,805
144,141
1,067,033
922,892
NET POSITION:
Total net position, as of July 1, 2025
22,689,242
22,689,242
22,689,242
-
Total net position, as of March 31, 2026
23,366,047
$
22,833,383
$
23,756,275
$
922,892
$
CITY OF CHANDLER
Chandler Workers Compensation and Employer Liability Trust
Statement of Revenues, Expenses and Changes in Net Position
For the Nine Months Ended March 31, 2026
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received for premiums
3,617,370
$
Cash received for refunds and reimbursements
47,620
Cash payments for claims
(1,912,987)
Cash payments to suppliers for other services
(1,483,167)
Cash payments to employees for services
(479,518)
Net cash provided (used) by operating activities
(210,682)
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
57,640
Net cash provided (used) by noncapital financing activities
57,640
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment income
820,615
Net cash used from investing activites
820,615
Net increase (decrease) in cash and cash equivalents
663,728
CASH AND CASH EQUIVALENTS:
Beginning of year
22,341,709
As of March 31, 2026
23,005,437
$
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED
(USED) BY OPERATING ACTIVITIES:
Operating income (loss)
270,268
$
(Increase) decrease in due from city
(439,479)
(Increase) decrease in claims payable
(41,000)
Increase (decrease) in accounts payable
(471)
Total adjustments
(480,950)
Net cash provided (used) by operating activities
(210,682)
$
CITY OF CHANDLER
Chandler Worker's Compensation and Employer Liability Trust
Statement of Cash Flows
For the Nine Months Ended March 31, 2026