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Finance Committee Meeting Commission Chamber- 2/13/2012- 12:55 PM
FINANCE
1. Consider a request from Mr. G. B. Sharma regarding a change
of property tax value for the property located at 1080 Claussen
Road.
Attachments
2. Approve Excess Worker's Compensation Insurance with Safety
National with Statutory limits and a $650,000 self insured
retention for law enforcement and fire; a $600,000 self insured
retention for all other positions. Deposit premium is $209,951.
Attachments
3. Consider a request from Shelley and Eddie Leclair for a refund
of H5A disability discount on property taxes for 219 Lafayette
Drive for the years 2009 through 2011.
Attachments
Finance Committee Meeting
2/13/2012 12:55 PM
G. B. Sharma
Department:Clerk of Commission
Caption:Consider a request from Mr. G. B. Sharma regarding a change of
property tax value for the property located at 1080 Claussen Road.
Background:
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are Available
in the Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 1
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Finance Committee Meeting
2/13/2012 12:55 PM
Renewal Excess Worker's Compensation Insurance
Department:Finance/Risk Managment Division
Caption:Approve Excess Worker's Compensation Insurance with Safety
National with Statutory limits and a $650,000 self insured
retention for law enforcement and fire; a $600,000 self insured
retention for all other positions. Deposit premium is $209,951.
Background:Excess Worker's Compensation coverage (a per occurrance
policy) has been purchased in the past as a measure to cap any
potential catastrophic loss against Augusta, GA. Georgia
Administrative Services (G.A.S.), third party administrator for
Worker's Compensation, was asked to obtain quotes from at least
3 insurance companies. Coverage runs from March 1, 2012 to
March 1, 2013.
Analysis:
Financial Impact:See attachment "Quotes 2012 Coverage"
Alternatives:Do not retain this coverage and accept full exposure/cost for any
catastrophic job related injury.
Recommendation:Approve coverage with Safety National Casualty for Statutory
Limits with self insured retention of $650,000 for Police/Fire and
$600,000 all other positions for a deposit premium of $209,951.
Funds are Available
in the Following
Accounts:
621 01 5233
REVIEWED AND APPROVED BY:
Finance.
Law.
Cover Memo
Item # 2
Administrator.
Clerk of Commission
Cover Memo
Item # 2
AUGUSTA/RICHMOND COUNTY
EXCESS WORKERS’ COMPENSATION
MARCH 1, 2012 TO MARCH 1, 2013
Coverage is quoted for Statutory Limits for Workers’ Compensation and $1,000,000 Employer Liability
*SIR – Self Insured Retention (deductible)
1. SAFETY NATIONAL CASUALTY CORPORATION
a. $650,000 SIR for Police /Fire and $600,000 SIR for All other positions $209,951
b. $650,000 SIR for All positions $199,453
c. $750,000 SIR for All positions $178,458
2. MIDWEST EMPLOYER CASUALTY COMPANY
a. $750,000 SIR for All positions $387,000
b. $850,000 SIR for All positions $444,000
3. ACE
a. $1,000,000 SIR for All positions $450,000
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Finance Committee Meeting
2/13/2012 12:55 PM
Shelley and Eddie Leclair
Department:Clerk of Commission
Caption:Consider a request from Shelley and Eddie Leclair for a refund of
H5A disability discount on property taxes for 219 Lafayette Drive
for the years 2009 through 2011.
Background:
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are Available
in the Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 3
Attachment number 1 \nPage 1 of 11
Item # 3
Attachment number 1 \nPage 2 of 11
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Item # 3