FY 23 Approved Budget Book

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 23 GOALS: MINIMIZE THE COUNTY'S EXPOSURE FOR FINANCIAL LOSS

ALL FUND SUMMARY:

ORIGINAL BUDGET FY 22

EXECUTIVE PROPOSED FY 23

AUDITED FY 20

AUDITED FY 21

ENACTED FY 23

SUMMARY BY CHARACTER:

10 PERSONAL SERVICES 20 CONTRACTUAL SERVICES 30 SUPPLIES AND MATERIALS 40 BUSINESS AND TRAVEL

188,554

186,307

230,351

245,746

245,746

1,323 1,150 3,418

1,712

1,775 1,935 9,775

1,775 1,935 9,775

1,775 1,935 9,775

719

1,605

GRAND TOTAL

194,445

190,343

243,836

259,231

259,231

FUNDING SOURCE:

194,445

190,343

243,836

259,231

259,231

11 GENERAL

296