FY 24 APPROVED OPERATING BUDGET

LAW Risk Management Index #054000

ORIGIN/PURPOSE:

The Risk Management Division, established by Bill No. 88-6 is now a division of the Law Department pursuant to Executive Order 14-08. Duties include managing claims pertaining to property and vehicle damage and general liability claims. Working in concert with the Law Department, information is shared concerning County responsibility for accidental occurrences. The self-insurance fund, which is actuarial determined annually, is the monetary source by which all claims are paid. The financial welfare of the County is further protected by the purchase of an excess insurance contract that can be triggered and the financial obligation is then transferred and paid by that entity.

FY 24 GOALS: MINIMIZE THE COUNTY'S EXPOSURE FOR FINANCIAL LOSS

ALL FUND SUMMARY:

ORIGINAL BUDGET FY 23

EXECUTIVE PROPOSED FY 24

AUDITED FY 21

AUDITED FY 22

ENACTED FY 24

SUMMARY BY CHARACTER: 10 PERSONAL SERVICES

186,307

183,353

245,746

407,573

407,573

20 CONTRACTUAL SERVICES 30 SUPPLIES AND MATERIALS 40 BUSINESS AND TRAVEL

1,712

1,600

1,775 1,935 9,775

1,775 1,935 9,775

1,775 1,935 9,775

719

885

1,605

1,638

GRAND TOTAL

190,344

187,476

259,231

421,058

421,058

FUNDING SOURCE: 11 GENERAL

190,344

187,476

259,231

421,058

421,058

327