Appendix C: Workers’ Compensation Special Fund Statement of Revenue, Expenditures, and Changes in Fund Balance

Revenue and expenditures for the Workers' Compensation Special Fund.

Overview

Workers’ Compensation Special Fund
Statement of Revenue, Expenditures, and Changes in Fund Balance¹⁶

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	Fiscal Year 2018	Fiscal Year 2019
Balance July 1	$    10,176,338	$ 15,243,340
Revenue
Interest	$         42,817	$         68,516
Assessments	24,723,931	20,751,229
Referral Fees	4,519,959	4,968,914
First Report Fines	203,200	192,844
Stop Work Orders	983,445	1,165,656
Late Assessment Fines	5,500	0
Miscellaneous	0	1,235
Total Revenue	$  30,478,852	$ 27,148,394
Expenditures
Total Direct	$       868,377	$       873,337
Salaries	14,243,306	14,658,574
Fringe Benefits	4,927,580	5,084,151
Indirect Costs	556,239	1,388,155
Non-Personnel Costs	4,816,348	4,834,912
Total Expenditures	$  25,411,850	$ 26,839,129
Balance June 30	$  15,243,340	$ 15,552,605

16. Our review was not intended to enable us to express, and we do not express, an opinion on the Special 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