FY 26 Proposed Operating Budget Book

LAW Risk Management Cost Center 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.

GOAL: Minimize the County's exposure for financial loss

DIVISION SUMMARY BY CHARACTER

Risk Management by Character

FY 23 Audited

FY 24 Audited

FY 25 Approved Budget

FY 26 Proposed Budget

SALARIES AND WAGES

$185,158

$392,465

$521,182

$505,434

CONTRACTUAL SERVICES SUPPLIES AND MATERIALS

$1,408

$1,950

$7,575

$30,075

$1,550

$80,581

$4,075

$5,575

BUSINESS AND TRAVEL

$5,235

$3,285

$14,125

$15,625

TOTAL

$193,352

$478,281

$546,957

$556,709

199