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Committee approves $4 million emergency appropriation to cover 2025 liability claims and settlements
Summary
Risk manager and finance staff requested and the committee approved a $4 million emergency appropriation from the liability and risk fund to cover claim and settlement expenses exceeding the 2025 budget, with staff noting reserves and actuarial practices guide future budgeting.
The Financial and Administrative Committee approved an emergency appropriation of $4 million on Sept. 4 for the liability insurance and risk fund to cover claims and settlement expenses that exceeded the fiscal 2025 budget.
Erica Osinski, risk manager, requested the appropriation (agenda item 8.29) to fund higher‑than‑budgeted claim…
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