During the year the city’s self-insurance internal service fund billed the general fund $600,000 for “premiums,” of which $60,000 was for catastrophic losses and the balance was the premium computed on an actuarially determined basis. during the year the city incurred $500,000 in claims losses. the total amount transferred to the self-insurance fund by the general fund was $620,000. the amount the city general fund can recognize as an expenditure is $620,000. $600,000. $540,000. $500,000.