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County Administrator's Report 9. 5.
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| BCC Regular Meeting |
Budget & Finance Consent |
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| RECOMMENDATION: |
Recommendation Concerning Workers’ Compensation Audit Premium - Robert Dye, Manager, Risk Management Office
That the Board take the following action concerning an additional premium required as a result of the workers' compensation audit:
A. Approve the payment to Florida Municipal Insurance Trust, in the amount of $93,618, for the additional premium for audit period October 1, 2014, through September 30, 2015;
B. Approve the payment to Florida Municipal Insurance Trust, in the amount of $117,235, for the additional premium for the jail for audit period October 1, 2014, through September 30, 2015; and
C. Authorize the issuance of a Purchase Order in the amount of $210,853.
[Funding Source: Fund 501 (Internal Service), Cost Center 140834, Object Code 54501] |
| BACKGROUND: |
Worker’s Compensation premiums are paid by an initial premium deposit based on projected payroll at the beginning of the policy period and finalized by an audit premium based on actual payroll paid out after the policy period has ended.
The workers’ compensation policy for the jail is a separate policy as required by insurer.
Differences between the deposit premiums, based on estimated payroll, and audit premiums, based on actual payroll attributable to each class, resulted in an additional audit premium for each policy. The National Council on Compensation Insurance, Inc., (NCCI), sets the rates annually. |
| BUDGETARY IMPACT: |
| Funds are budgeted in Fund 501 (Internal Service), Cost Center 140834, Object Code 54501. |
| LEGAL CONSIDERATIONS/SIGN-OFF: |
| N/A |
| PERSONNEL: |
| N/A |
| POLICY/REQUIREMENT FOR BOARD ACTION: |
| This recommendation is in compliance with the provisions of the Code of Ordinances of Escambia County, Florida, Chapter 46, Finance, Article II, Purchase and Contracts. |
| IMPLEMENTATION/COORDINATION: |
The audit was performed by US-Reports. Payroll information was provided by the Clerk’s Office, Tax collector’s Office, and SRIA.
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