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Board adopts risk management plan to authorize tort-fund spending
Summary
The board approved the district risk-management plan, which authorizes use of the tort fund for specified costs and includes a budget for intended cost items on pages 15–16 of the plan.
The school board approved the district's annual risk-management plan, which authorizes the district to spend funds from its tort fund and includes a budget for intended cost items.
A presenter summarized the plan and directed the board's attention to pages 15 and 16, noting they contain the budget for intended cost items. "The risk management plan that you have in front of you tonight is, gives us the ability to spend funds out of our tort fund. This is something that we do every July... the very back page 15 and 16 of the risk management plan is the budget for all the intended cost items," the presenter said.
The board approved the plan by motion and voice vote with no substantive comments recorded in the transcript.
Why it matters: the plan establishes how the district will use tort-fund resources for risk-related costs and sets the intended spending categories for the coming year.
