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2024 Risk Management BudgetSignificant Change:$34,200 (8%) increase to Work Comp Premium (LMCIT projects up to 8% increase)$18,300 (8%) increase to Liability Insurance Premium (LMCIT projects up to 10% increase)$40,000 increase to Liability Insurance Deductible ( to reach $100,000 total)Policy: $100,000 per occurrence, $200,000 aggregateAverage $139,100 paid in Liability Claims over last 4 yearsNo change to Workers Comp Deductible$21,900 increase to CHESS contractNo projected use of fund balanceMaintain liability coverage $2,000,000 regular policy, $1,000,000 excess policy20232024ChangeBudgeted Expenditures 894,900$        1,043,300$    148,400$                 Int Srv Chg Revenues (824,900)$      (1,024,300)$   (199,400)$                Direct Revenues (20,000)$         (19,000)$         1,000$                      50,000$           ‐$                 (50,000)$                  or ‐100.0%22