|
|
|
|
|
|
|
|
|
Meeting Date:
|
6/15/2022 - 7:00 PM
|
|
Category:
|
Consent Agenda Items
|
|
Type:
|
Action
|
|
Subject:
|
Approval of Workers' Compensation Renewal with SELF
|
|
Vision 2026:
|
Financial & Facilities Management 1 Continue to ensure a balanced budget that builds and maintains a fund balance that meets Board policy.
|
|
Background
|
For Workers' Compensation coverage, the district is a member of the School Employees Loss Fund (SELF) cooperative. SELF is a Workers' Compensation pool made up of approximately seventy school districts in the area. In June 2021, the Board of Education approved the Workers' Compensation renewal for 2021-22 with SELF. The total premium for the year was $350,480.36, including $86,321.77 in returns of contributions from the 2004-2019 claim years.
|
|
File Attachment:
|
|
|
Summary:
|
The district received the renewal from SELF for the 2022-23 school year in the amount of $348,981, with a final cost of $274,335 after a return of contributions and payroll audit adjustments. This represents a 21.7% decrease over the 2021-22 premium. The decrease is due to a 10% reduction in our experience modification factor (reduction in claims) and the reduction in our member percentage in the pool (3.9439% vs 4.27%). A copy of the renewal is attached for your reference.
|
|
Funding:
|
2022-2023 Education Fund Budget
|
|
Board Policy
:
|
4:10 Fiscal & Business Management
|
|
Recommendation:
|
It is recommended that the Board of Education approve the 2022-2023 workers compensation renewal with SELF in the amount of $274,335.
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Brian O'Keeffe - Asst Superintendent Business Services
|
|
|
Signed By:
|
|
|
Jeff Schuler - Superintendent
|
|
|
|
|
Vote Results:
|
| Original Motion | | Member Susan Booton Moved, Member Brad Paulsen seconded to approve the Original motion 'It is recommended that the Board of Education approve the 2022-2023 workers compensation renewal with SELF in the amount of $274,335.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | Brad Paulsen | Yes | | Chris Crabtree | Yes | | Rob Hanlon | Yes | | Susan Booton | Yes | | Mary Yeboah | Yes | | Angela Blatner | Yes | |
|
|
|
|
|
|
|