DATE: June 15, 2022
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
City’s Insurance Program and Coverage
RECOMMENDATION
That the Committee receives the report and comments on the City’s insurance program and coverages.
SUMMARY
The City Attorney will make a presentation on the City’s insurance program and coverage. During the Saturday Budget Work Session, on May 14, 2022, the City Attorney provided the Council with updated insurance premium costs for FY 2023. The presentation and discussion will provide the Committee with an overview of historical insurance premium costs, illustrating the dramatic increase over the last seven years, as reflected in the City Attorney’s Memorandum (Attachment I).
ATTACHMENTS
Attachment I City Attorney’s Memorandum