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EXH BIT 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. This <br />will provide important data for the City's comprehensive annual financial report, GASB Statement No, 10 <br />requirements, budgeting and strategic planning. Consultant's specific scope of work is as follows: <br />A. Estimate Outstanding Losses: Estimate outstanding losses including allocated loss adjustment <br />expenses (ALAE) and 4850 benefits for each fiscal year as of June 30, 2015, June 30, 2016, and June 30, <br />2017. <br />B. Project Financial Position: Project the financial position as of June 30, 2015. The projected <br />financial position is a comparison of funds available with the estimated outstanding losses. <br />C. Project Future Losses: Project future losses including ALAE for 2015/16,2016/17 and 2017/18 <br />fiscal years. Projected future Iosses will be shown on a discounted present value basis. The present value <br />reflects fixture investment income earned, on funds held to pay losses. <br />D. Project Losses Paid: Project losses paid (claims disbursements) during fiscal years 2015/16, <br />20I6/17 and 2017/18. <br />E. Recommend Funding: Recommend funding for fiscal years 2015/16, 2016/17 and 2017/18. <br />The recommended funding is based ori the projected future losses, investment income, expenses and the <br />projected financial position. <br />F. Discuss Loss Experience: Discuss loss experience trends and compare the City to similar <br />programs. <br />G. Update the workers' compensation cost allocation system and liability cost allocation system for <br />City departments. <br />Consultant shall deliver a complete written draft report to City as soon as practicable and the final report <br />shall be delivered to City by October 1, 2015. <br />COMPENSATION <br />City agrees to pay, and Consultant agrees to accept Six Thousand Five hundred Dollars ($6,500.00) as <br />total compensation for services pursuant to items A tbrough F above. Compensation for work performed <br />to complete item G, updating both the workers' compensation and liability cost allocation systems, shall <br />not exceed Four Thousand Dollars ($4,000.00). <br />Total compensation to Consultant pursuant to this Agreement shall not exceed Ten Thousand Five <br />HundredDollar.s_($1.0,500.0-0)_during the_ter-na-of ti s Sgreement. <br />7 <br />