HomeMy WebLinkAboutItem B - Risk Fund UpdateEUGENE CITY COUNCIL
AGENDA ITEM SUMMARY
Work Session: Risk Fund (Fund 622) Update
Meeting Date: September 13, 2004 Agenda Item Number: B
Department: Central Services Staff Contact: Myrnie Daut
www. cl. eugene, or. us Contact Telephone Number: 682-5790
ISSUE STATEMENT
This is a work session item to review the Risk Fund (Fund 622). No action is requested.
BACKGROUND
The Risk Fund (Fund 622) is the internal service fund that accounts for the City' s insurance and
self-insured claims programs, not including the employee benefits programs which are accounted for in
Fund 623. All departments pay annual risk rates to the Risk Fund based on an internal cost allocation
system. The Budget Committee periodically reviews the Risk Fund as part of the budget process. The
purpose of this presentation is to provide the City Council with an update on the Risk Fund, review the
fund history and discuss issues facing the fund.
RELATED CITY POLICIES
Related policies are found in the City's Financial Management Goals and Policies and the
Administrative Policy and Procedure Manual (APPM).
COUNCIL OPTIONS
Not applicable; this is a work session only.
CITY MANAGER'S RECOMMENDATION
Not applicable; this is a work session only.
SUGGESTED MOTION
Not applicable; this is a work session only.
ATTACHMENTS
None.
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FOR MORE INFORMATION
Staff Contact: Myrnie Daut
Telephone: 682-5790
Staff E-Mail: myrnie.l.daut~ci.eugene.or.us
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