City of Morgan Hill Adopted Budget FY 2016-17 and FY 2017-18

 CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL 

Workers’ Compensation [770-8220]

FINANCIAL COMMENTS The City shall make every effort to maintain a minimum reserve level for workers’ compensation equal to the sum of twice the self-insured amount for a single claim ($500,000). The estimated future reserves as of March 31, 2016 is $916,316 compared to $1,130,215 on June 30, 2015. The reserve fund was impacted primarily by one settlement, costing $135,000. Workers' compensation claims through March 31, 2016 total $384,523 compared to $622,970 paid in the same period the prior year (July 1, 2015 - March 31, 2015). As of March 31, 2016, the City has a total of 6 new claims in FY 15-16 (medical only and indemnity) whereas in FY 14-15, there were a total of 19 new claims. The City is also exploring the option of implementing a volunteer firefighter program, which would require that the volunteers have workers' compensation coverage. Any indemnity payments for volunteer firefighters would impact the City's projected loss data and assessments from the Department of Industrial Relations, which may increase the City's workers' compensation costs.

 CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 16-17 and 17-18

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