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Commission hears finance staff‑augmentation contract and approves major insurance renewals
Summary
Committee approved a contingent staff‑augmentation contract for the finance department at $32,500 per month and renewed commercial property and public‑officials liability insurance coverages totaling more than $1.1 million in premiums.
The finance and administrative committees approved three finance‑side items: a contract template for staff augmentation to cover a vacant executive finance position, renewal of city commercial property insurance, and renewal of public officials (errors and omissions) coverage.
Deputy Administrator Jackson presented a contract with CKH Consulting LLC to provide temporary executive financial oversight, audit coordination, budget execution and advisory services to the administrator and the Augusta Commission while the permanent position is filled. Jackson said the proposed arrangement is contingent on legal review; he disclosed a fixed monthly fee of $32,500. Commissioners asked about contract duration; Jackson replied it will be contingent on filling the vacant position. The motion to approve the contract contingent upon legal review passed unanimously.
Phil Harrison, the broker, briefed the committee on renewal of commercial property coverage with Affiliated FM with a quoted premium of $1,057,001.91 for blanket property and limited flood coverage. Harrison said higher property valuations increased exposure by $2,570,591 and produced a premium increase of $2,767 over last year; he also said the city successfully negotiated net hurricane‑related impacts to a flat net rate change. The committee discussed endorsements such as equipment breakdown/boiler coverage and how deductible thresholds apply.
The committee also approved renewal of public‑officials liability coverage (limit $2,000,000; $250,000 deductible) with a quoted premium reported as roughly $68,070 and a year‑to‑year reduction of about $22,000 from the prior premium. Commissioners asked for examples of covered claims and the broker outlined covered negligent acts, employment practices and HR claims. The motion to approve renewals carried unanimously.
Administrators said the funding for the insurance items is available and that any follow‑up will be handled by the administrator's office.
