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EXHIBIT A <br />SCOPE OF SERVICES <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 />A. Estimate Outstanding Losses: Estimate outstanding losses including allocated loss <br />adjustment expenses (ALAS) and 4850 benefits as of June 30, 2009, June 30, 2010, and June 30, <br />2011. Outstanding losses will be shown on a discounted present value basis including separate <br />calculations for incurred but not reported (IBNR) claims. <br />B. Project Financial Position: Project the financial position as of June 30, 2009. The <br />projected financial position is a comparison of funds available with the estimated outstanding <br />losses. <br />C. Project Future Losses: Project future losses including ALAS for 2009/10, 2010/11 and <br />2011/12 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 />D. Project Losses Paid: Project losses paid (claims disbursements) during fiscal years <br />2009/10, 2010/11 and 2011/12. <br />E. Recommend Funding: Recommend funding for fiscal years 2009/10, 2010/11 and <br />2011/12. The recommended funding is based on the projected future losses, investment income, <br />expenses and the projected financial position. <br />F. Discuss Loss Experience: Discuss loss experience trends and compare the City to <br />similar programs. <br />