RISK MANAGEMENT FUND DESCRIPTION The Division of Risk Management operates as an internal service fund which provides for the payment of expenses associated with the City’s general liability, health insurance, and worker’s compensation coverage. The City is self-insured for health insurance coverage. Revenue to support these expenses is obtained from the various funds within the City’s annual operating budget based on a cost reimbursement allocation. FY 2020 ACCOMPLISHMENTS
Worked with the Department of Fire & Rescue and Police Department to select vendor for implementation of the National Fire Protection Agency’s gold standard medical assessment program under the 1582 guidelines and the Law Enforcement Occupational standards for police.
Negotiated and implemented strategic benefit design resulting in no increase in healthcare premiums.
Increased employee utilization of primary care physicians for annual examination by 10% through wellness program activities and incentives.
Continued training all new hires and current employees every two years in driver improvement training through the B.R.A.K.E.S (Be Responsible and Keep Everyone Safe) program.
FY 2021 OBJECTIVES
To manage rising costs of healthcare through strategic benefit plan design with the integration of wellness programs. (Financial Stability)
To ensure adequate insurance coverage for City assets through an annual audit of City property, buildings, contents, land, equipment, vehicles, and other assets. (Financial Stability)
To improve workplace safety through employee engagement in safety programs, policies, and practices. (Financial Stability)
To reduce workers’ compensation liability exposure through management of claims using case management and appropriate settlement strategies. (Financial Stability)
To improve employee wellness program participation through a robust incentive program on an app platform and targeted wellness programs. (Financial Stability)
STATISTICS/PERFORMANCE MEASURES Workers Compensation claims filed Property and Liability claims filed Number of employees receiving driver training Number of onsite wellness programs provided
FY 19 Actual 197 494 450 73
FY 20 Projected 180 500 550 80
FY 21 Estimate 175 500 600 88
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