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CITY OF LA PORTE, TEXAS <br /> Notes to the Financial Statements <br /> September 30, 2010 <br /> 7. Interfund Receivables, Payables and Transfers — Continued <br /> The composition of interfund balances as of September 30, 2010 is as follows: <br /> Due to /from other funds: <br /> Receivable Fund Payable Fund <br /> General 2010 Certificates of Obligation Bonds Fund $ 416,438 <br /> General Nonmajor enterprise 390,808 <br /> Nonmajor governmental Nonmajor governmental 615,026 <br /> $ 1,422,272 <br /> The outstanding balances result from an overdraw of pooled cash. <br /> 8. Risk Management <br /> The City is exposed to various risks related to torts: theft, damage to and destruction of assets; errors and <br /> omissions; and natural disasters. The City's risk management program encompasses various means of <br /> protecting the City against loss by obtaining property, casualty and liability coverage from participation in a <br /> risk pool. The participation of the City in the risk pool is limited to the payment of premiums. Further <br /> information regarding the pool is provided below. Settled claims have not exceeded insurance coverage in <br /> any of the previous three fiscal years. There has not been any significant reduction in insurance coverage <br /> from that of the previous year. <br /> Health Insurance Benefits <br /> The City self - insures a portion of health insurance benefits provided to employees. The City records <br /> revenues and expenses for providing employee health coverage in an Internal Service Fund and accrues <br /> the estimated incurred but not reported claims. Charges are assessed to various City divisions based on <br /> their full -time employee count. <br /> Activity during the year included: <br /> Revenues: <br /> Charges to divisions $ 3,185,052 <br /> Charges to employees 416,175 <br /> Charges to retirees 80,305 <br /> Insurance proceeds 4,098 <br /> Interest revenue 16,010 <br /> Miscellaneous revenue 100 <br /> Total revenues 3,701,740 <br /> Expenses: <br /> Personnel expenses 209,446 <br /> Other expenses 343,530 <br /> Claims administration 227,767 <br /> Claims incurred 3,652,943 <br /> Re- insurance premiums 246,909 <br /> Total health services expenses $ 4,680,595 <br /> 70 <br />