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Council reviews workers' compensation audit after $92,000 premium adjustment; staff to move to quarterly reconciliations
3034526 · April 17, 2025
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Summary
Borough staff explained a $92,000 audit adjustment to 2024 workers' compensation premiums and proposed quarterly reconciliations and improved payroll estimates to avoid future large variances.
Borough staff briefed council on the results of the 2024 workers’ compensation audit, which increased the borough’s premium by $92,000 after reconciliation of estimated payroll with actual payroll for the year.
Finance staff explained that workers’ compensation premiums are calculated from covered payroll and…
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