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Discussion Regarding Proposed Resolution Page 2 of 2 April 6, 2012 <br />Decreasing the City's General Liability <br />Self- Insured Retention Level <br />FISCAL IMPACT <br />Reducing the self - insured retention directly impacts the Self Insurance fund. The lower SIR <br />reduces the City's exposure to liability occurrences and claims which is offset by a higher annual <br />premium. For 2012 -13 the annual CJPRMA general liability premium will increase by $38,000 <br />totaling $154,000. <br />CONCLUSION <br />Staff recommends that the Finance Committee approve the City decreasing its General Liability <br />self - insured retention (SIR) level from $1,000,000 to $500,000 through the California Joint <br />Powers Risk Management Authority (CJPRMA) and recommend that the City Council adopt a <br />resolution approving this change as required by CJPRMA. <br />G:Tmance Committee \2011- 12 \4- 6 -12 \fc memo SIR Decrease.docx <br />