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<br />.. <br /> <br />EXHIBIT A <br /> <br />SCOPE OF SERVICES <br /> <br />Consultant shall develop reasonable funding and management guidelines for the City's Workers' <br />Compensation and Liability Programs. Separate information will be provided for each program. <br />This will provide important data for the City's comprehensive annual financial report, GASB <br />Statement No. 10 requirements, budgeting and strategic planning. Consultant's specific scope of <br />work is as follows: <br /> <br />A. Estimate Outstanding Losses: Estimate outstanding losses including allocated loss <br />adjustment expenses (ALAE) and 4850 benefits as of June 30, 2007, June 30, 2008, and June 30, <br />2009. Outstanding losses will be shown on a discounted present value basis including separate <br />calculations for incurred but not reported (IBNR) claims. <br /> <br />B. Project Financial Position: Project the financial position as of June 30, 2007. The <br />projected financial position is a comparison of funds available with the estimated outstanding <br />losses. <br /> <br />C. Project Future Losses: Project future losses including ALAE for 2007/08,2008/09 and <br />2009/1 0 fiscal years. Projected future losses will be shown on a discounted present value basis. <br />The present value reflects future investment income earned on funds held to pay losses. <br /> <br />D. Project Losses Paid: Project losses paid (claims disbursements) during fiscal years <br />2007/08,2008/09 and 2009/1 O. <br /> <br />E. Recommend Funding: Recommend funding for fiscal years 2007/08, 2008/09 and <br />2009/10. The recommended funding is based on the projected future losses, investment income, <br />expenses and the projected financial position. <br /> <br />F. Discuss Loss Experience: Discuss loss experience trends and compare the City to <br />similar programs. <br /> <br />G. Develop a workers' compensation cost allocation system and a liability cost allocation <br />system for City departments. <br /> <br />Consultant shall deliver a complete written draft report to City as soon as practicable and the <br />final report shall be delivered to City by September 30,2007, except for item G above, which <br />shall be completed and delivered to City prior to June 30, 2009. <br /> <br />8 <br />