Local Highway Finance Report

Internal Service Funds

Insurance Service Funds Arvada Medical Fund Computer Fund Print Shop Fund Vehicle Fund Building Fund

INTERNAL SERVICE FUNDS

Insurance Service Fund - This fund accounts for the activities that are associated with the City’s worker’s compensation, unemployment and property and liability insurance activities . Premiums are paid by each department into this fund to pay claims, claim reserves and administrative costs of the program including premiums to commercial insurance companies for losses in excess of the self-insured amounts .

Arvada Medical Fund - This fund accounts for all of the activities associated with the self-insured medical plan for employees who choose to participate in the plan .

Computer Fund - This fund accounts for the accumulation of financial resources necessary for the timely and orderly replacement and maintenance of the City’s computer equipment and software .

Print Shop Fund - This fund accounts for the accumulation of financial resources necessary for the operation of the City’s print shop, copier maintenance and replacement .

Vehicle Fund – This fund accounts for the accumulation of financial resources necessary for the timely and orderly replacement and maintenance of the City’s vehicles and equipment .

Building Fund – This fund accounts for the accumulation of financial resources used for non-routine building maintenance .