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Appendix A: Workers’ Compensation Trust Fund—Private Trust Fund Statement of Revenue, Expenditures, and Changes in Fund Balance

Revenue and expenditures for the Workers' Compensation Private Trust Fund.

Table of Contents

Overview

Workers’ Compensation Trust Fund—Private Trust Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance14

 

Fiscal Year 2018

Fiscal Year 2019

Balance July 1

$ 35,097,288

$ 45,588,750

Revenue

 

 

        Interest

$         67,327

$      107,738

        Assessments

   60,220,391

   48,262,678

        Reimbursements

     1,531,822

     1,490,637

Total Revenue

$ 61,819,540

$ 49,861,053

Expenditures

 

 

        Payments to Claimants

$   8,102,089

$   6,613,536

        Payment to Insurers

   34,897,940

   34,926,733

        Defense of Fund*

     8,328,049

     9,496,493

Total Expenditures

$ 51,328,078

$ 51,036,762

Balance June 30

$ 45,588,750

$ 44,413,041

*     This item includes various expenses, such as payroll; fringe benefits; printing; indirect costs; memberships; state office maintenance; automobile leases; office equipment, software, and maintenance; telecommunications; and snow removal.

 

14. Our review was not intended to enable us to express, and we do not express, an opinion on the Private Trust Fund Statement of Revenue, Expenditures, and Changes in Fund Balance. The disclosures of revenue, expenditures, and changes in fund balance represent information in the Workers’ Compensation Advisory Council Annual Report for the fiscal year ended June 30, 2019, and are intended solely for informational purposes.

Date published: March 23, 2021
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