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experience as shown in Table II indicates that claims exceeding $500,000 are rare, and we <br />select a lower level of 5:1 ratio. This implies a fund balance of $5 million ($1 million x 5). <br />The three measures above indicate a fund balance ranging from a low of $1.44 million to a <br />high of $5 million. For a conservative position, we recommend the maximum indicated in <br />the range. <br />While these measures are guidelines, the financial solidity of the self - insured program <br />depends on many factors, e.g. ability to levy assessments to pay for catastrophic losses, etc. <br />We appreciate the opportunity to serve the City of San Leandro and are available to answer <br />any questions you may have. <br />Respectfully submitted, <br />Aon Risk Consultants, Inc. <br />By <br />Mujtaba Moo, ACAS, MAAA, FCA <br />Actuarial Practice Leader <br />MD:dp <br />X: \Clients\Actuarial \S \San Leandro, City of 1160 \2011_06_30 \SIR Ana lysis \SanLeandro_SIR_120111.doc <br />Enc. <br />M <br />