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Item 01 - Presentation_City Council Goal Setting
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Item 01 - Presentation_City Council Goal Setting
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1/23/2026 9:31:13 AM
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City Clerk
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01
Date
1/23/2026
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General LiabilityAverage annual payout of $3,358,076 per year (after insurance)Claims totaled $117.8 million over 5 yearsCurrent year insurance premiums total $12,265,473 ($1.3 million more than budgeted)Potential Forthcoming Large Payouts will change the next actuarial valuation and potentially drain the $13.1 fund balanceOpportunity to improve facilities (at a cost) and practices to reduce liability46General Liability Claim Categories Sum of Total Incurred Auto Liability (AL) $15,597,140 AL Collision - Vehicle Code Violation Citation $1,065,880 Bodily Injury (BI) & PD $28,562,223 Errors & Omissions $5,485,893 Employment Practices Liability (EPL) $21,770,898 GL - Breach of Contract $22,000 GL - Civil Rights $27,242 GL - Errors and Omissions $1,000 GL - Failure to Act, Respond or Supervise $100 GL - Harassment/Bullying $654 GL – Miscellaneous $2,000 GL - Third Party Property $0 Personal Injury (PI) $45,112,877 (blank) $182,630 Public Works $32,630 (blank) $150,000 Grand Total $117,830,537
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