Budget and Risk Management

{Tarrant County Budget and Risk Management}

The Tarrant County Budget and Risk Management Department was created in 1989 and is responsible for the development and monitoring of the County budget. The Department serves Commissioners Court by providing recommendations to facilitate operational efficiency within the various County Departments. The programs of each County department are reviewed annually. Funding requests are considered and the Budget Department presents recommendations to the Tarrant County Commissioners Court for approval and adoption.

Tarrant County's fiscal year is October 1 through September 30. Budget hearings are held each year by the Commissioners Court to evaluate the budgetary needs of each department, and to set the County's tax rate. The budget hearings, held in August of each year, take place in the Commissioners Courtroom, 100 E. Weatherford Street, Fort Worth, Texas, and are open to the public.

The Risk Management responsibilities include the oversight of our self-insurance programs. Tarrant County is self-insured for automobile physical damage/liability, worker's compensation and general liability. Traditional insurance policies are purchased to provide coverage for Tarrant County's buildings and their contents and coverage to safeguard public funds collected by various departments.

The Risk Management division identifies exposures and evaluates alternatives for retention or transfer of risks. The department coordinates resolutions on claims filed against the County and coordinates loss recoveries. A Risk Management Board reviews all claims before they are presented to Commissioners Court.