Board told workers' comp fund will remain above $1 million self-insurance threshold
Staff reported that workers' compensation projections indicate the county should retain the $1,000,000 cash balance required for self-insurance and that no additional transfers are expected at this time; staff recommended holding transfers given early-year uncertainty.
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Staff told the board that the workers' compensation fund is projected to maintain the required $1,000,000 cash balance and that no additional budgeted funds appear necessary this year. "So we have to... self insured on work comp, maintain 1000000 dollar cash balance," the presenter said, adding the projection shows a healthy ending balance and that the board should be cautious about reducing transfers at this stage.
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