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i <br />I <br />I <br />i <br />Board of County Commissioners <br />Page 4 o'f 4 <br />April 4, 2016 <br />Funding <br />Funding for insurance coverage is provided by the Self Insurance Fund, Other Insurance account <br />(acct. number 50224613-034590). The Self Insurance Fund is an internal service fund that <br />allocates charges to the County's user funds. The current year budget includes funding in the <br />amount of $1,812,000 for excess insurance premiums. <br />Recommendation <br />Staff recommends that the Board approve the renewal and authorize staff to bind coverage for <br />May 1, 2016 through April 30, 2017 with a current annual premium of $1,372,973 based upon <br />the current schedule of values and coverage selections and approve the broker annual fee of <br />$175,000. <br />Approved for Agenda <br />�oseph/A: Baird, County Administrator <br />April 12; 2016 <br />Attachment <br />Indian River <br />Admin. <br />Legal <br />Budget <br />Dept. <br />Risk Mgr <br />Date <br />177 <br />