Finance Highlights 2006 1004 - Laserfiche WebLink

Home

CITY COUNCIL FINANCE COMMITTEE October 4, 2006 4:00 p.m. - 5:30 p.m. San Leandro City Hall 835 East 14th Street San Leandro, California (Sister Cities Gallery) IDGHLIGHTS Committee Members: (Chair) Mayor Young, Councilmembers Starosciak and Stephens City Staff Present: City Manager J ermanis, Assistant City Manager Hollister, City Attorney Williams, Finance Director Baloca, Deputy Finance Director Rodriguez, Budget and Compliance Manager Chan, and Assistant to City Manager Cynthia Battenberg Public Present: Chamber of Commerce representatives Finberg and Dan Walters The meeting was called to order at 4:05 p.m. 1. Discussion Regarding the City's Self-Insurance Review Report Baloca reported that ARM Tech was contracted by the City to conduct an independent review of the City's self-insurance program. The results ofthe study found that Claims Handling received high marks: 90% for Claims Handling by George Hills and 94% for in-house staff. Overall, the City's liability risk financing program is reported as structurally sound. The review also determined that the liability programs $1 million self-insurance retention plus an additional pooled protection of $40 million from the California Joint Powers Risk Management Authority (CJPRMA) is appropriate and prudent. Some notable areas for improvement include: reducing reporting lag time of reporting claims (from City departments to the Finance department); litigation management; and enhancing the file documentation process. The review noted that litigation management could be improved by establishing a case budget that can be managed, using a structured settlement provider for large settlements or when an annuity settlement is more appropriate. With regards to the file documentation, George Hills will expand the reporting and entering of information in their computer system by expanding some of the fields. City Attorney Williams shared samples of the Litigation Plan Budget form that will be used in the future.