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Committee flags property/liability insurance at 107% of budget; staff to investigate
Summary
Budget materials show property and liability insurance at approximately 107% of the approved line (approved $224,000; current $240,000). Committee asked staff to find out why the premium exceeded the budgeted amount.
Larry Gladhill drew attention to an operating expenditure anomaly: the property and liability insurance line was recorded at roughly 107% of its approved amount.
"The approved expenditure was 224,000. We're currently at 240,000," Gladhill said when the committee asked about the insurance premium. Committee members asked whether the increase was a one‑time premium timing issue or indicative of ongoing elevated costs. Staff replied the payment was a one‑time premium and said they would investigate why the figure exceeded the budget and report back.
The committee recorded no immediate action beyond requesting clarification; members noted overall fiscal health appears sound with about half of the year expended against the approved budget.
