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Finance Committee flags insurance-allocation formula ahead of June 1 renewal
Summary
Members discussed allocation of insurance costs between ACC and APCA tied to the 6/1/2026 renewal, noting the item was taken out of order and recommending future review of the allocation formula to better assign costs.
The Finance Committee discussed how insurance costs are allocated between ACC and APCA in relation to the insurance renewal dated June 1, 2026, and members suggested the allocation formula needs review.
Minutes state that the insurance-allocation item was taken out of order and was discussed before the Facilities Master Plan discussion. Committee members reviewed the current allocation process between ACC and APCA and agreed the formula should be evaluated in future years to ensure costs are properly apportioned.
The minutes record discussion but do not show a motion, vote, or a decision to change the allocation formula; no dollar amounts or specific formula elements were provided in the record.
