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Risk Management Fund

Department Overview

The Risk Management program provides risk management services to protect the City’s interest with respect to

property and general liability exposures, as well as its workers compensation program. Although funded within the

Risk Management Fund organizationally, the personnel in this office fall within the larger Finance Department.

Workers’ compensation claim costs are allocated to departments based upon actuarial claims cost projections and

payroll cost projections. Property insurance premiums are allocated to departments responsible for the property

based upon the insured values of the properties, as determined by appraisal. General liability and auto liability

costs are allocated within individual departments based upon claims experience and actuarial claims cost

projections.

Additional information regarding the Risk Management program may be obtained by contacting Robin Rose,

Deputy Financial Officer, at (919) 996-4960 or via email a

t Robin.Rose@raleighnc.gov .

Budget Highlights

Includes one-time rebate of unspent premiums collected in previous years ($5.8 million).

Budget Detail

ACTUALS

ACTUALS

ADOPTED

ADOPTED

CHANGE

EMPLOYEES

2013-14

2014-15

2015-16

2016-17

FY16 to FY17

Risk Management

5

5

6

6

0

TOTAL

5

5

6

6

0

DIRECT EXPENDITURES BY TYPE

Personnel

259,376

290,404

351,027

354,108

0.9%

Employee Benefits

89,763

116,161

137,028

135,961

(0.8%)

Operating Expenditures

394,187

308,280

487,300

522,300

7.2%

Special Programs and Projects

5,488,030

5,787,598

8,201,300

7,947,700

(3.1%)

Interfund Transfers

5,054,463

5,005,263

988,048

5,819,747

489.0%

TOTAL

$11,285,819

$11,507,705

$10,164,703

$14,779,816

45.4%

D-20