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COUNTY SELF INSURANCE PROGRAM The Board reviewed the following memo dated 4/19/89: TO: Board of County Commissioners DATE: April 19, 1989 FR James E. Chandler County Administrator FILE: SUBJECT: SELF INSURANCE PROGRAM REFERENCES: In the current year we have proceeded with implementation of our modified self-insurance program. To date, the experience has been good and the transition has been relatively smooth. In my opinion, a good first step has been taken. Prior to next fiscal year, a number of critical decisions will be required concerning the direction, scope, and strengthening of the program. These decisions range from whether the program should expand to total self-insurance, to appropriate funding levels, and to instituting necessary internal controls and procedures. Additionally, as is expected with this type program, our auditors Coopers and Lybrand have recommended that an annual actuarial study be performed. Attached are the results of a general review last month by our insurance consultant, Siver Insurance Management. Also included, is a proposal for the actuarial study and assistance needed, in my opinion, for continued implementation of the program. I do not believe there is a need for the quarterly meetings service or retainer services. If the Commission concurs, funding in the amount of $23,000 would be provided from General Contingency. ON MOTION by Commissioner Scurlock, SECONDED by Commissioner Eggert, the Board unanimously approved staff's recommendation for an actuarial study and assistance in the continued implementation of the self insurance program from Insurance Management Consultants in the amount of $23,000; funding to come from general contingencies. Commissioner Bird asked when we expect to have a new risk manager on staff, and Administrator Chandler expected it probably would be in 60 days. APS z 1989 27 f r,UC 69 1