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Treasurer reports stable finances, recommends 3-year Sedgwick contract and modest insurance costs
Summary
Treasurer Alana Cropper reported a recommended 3-year extension with Sedgwick for workers'comp and unemployment administration, an excess policy at $33,709 per year, YTD donations just over $220,000, and unencumbered general-fund cash of $27.5M (about 99 unreserved days).
Treasurer Alana Cropper presented the district's monthly financial report at the Dec. 18 Forest Hills Board meeting, recommending several contract and policy approvals for 2025.
Cropper said the district requested proposals for third-party administration of workers' compensation and unemployment claims and received two quotes; the incumbent, Sedgwick Management Claims, provided the lower quote and is recommended for a three-year contract effective Jan. 1, 2025 through Dec.…
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