SCC Budget

Budget Department : RISK MANAGEMENT

2021-22 Recommended Expenditures	Data Revenues Expenditures Group Group by Fund Type Group by Fund Group by Budget Category Group by Budget Department Group by Budget Division Group by GL Key Group by Character Group by Object Columns Current Year Estimated Actual to Adopted Budget Next Year Recommended to Current Year Estimated Actual Next Year Recommended to Current Adopted Budget

* Other includes all segments less than 1% of the total. Negative segments are not shown.

By Budget Division	2021-22 Recommended	2020-21 Adopted	Variance from 2020-21 Adopted
RISK MANAGEMENT	$2,163,367 4%	$1,850,779 4%	$312,588 16.9%
RISK MANAGEMENT	$49,089,561 96%	$45,811,313 96%	$3,278,248 7.2%

Total	$51,252,928 100%	$47,662,092 100%	$3,590,836 7.5%

RISK MANAGEMENT

The Risk Management Division is divided into seven units: Liability and Property, Workers� Compensation, Unemployment, Administration, Dental Insurance, Employee Insurance Staffing, General Fund Liability and Property Insurance.

LIABILITY & PROPERTY FUND

This fund provides for operation of the County�s Liability and Property Insurance programs. It is the County's policy to maintain sufficient actuarially recommended reserves to absorb potential losses. Expenditures in this fund may fluctuate significantly year to year due to variability in claims. The Liability Program protects the County from losses or damages to other parties. The County currently purchases excess liability insurance for an insured amount between $1 million and $35 million. The Property Program protects the County against losses from physical damage to County facilities, including equipment and documents, with special limited coverage for earthquake and flood. Most losses are subject to a deductible. The General Fund share of Liability and Property Insurance represents 35 percent of total costs.

WORKERS� COMPENSATION FUND

The Workers� Compensation fund includes costs of medical treatment, disability compensation, and vocational rehabilitation for work-related injuries. The fund also covers costs for legal fees, claims administration, investigative services, State selfinsurance fees, occupational health and safety program costs and excess insurance within the County's self-insured retention level.

UNEMPLOYMENT INSURANCE

The County of Santa Cruz provides Unemployment Insurance (UI) coverage for all County employees.

RISK MANAGEMENT ADMINISTRATION

This fund provides for appropriations for the Risk Management Administrative unit.

EMPLOYEE INSURANCE STAFFING

This unit provides benefit administrative services for the County and Board governed special districts insured health program, Budget Reconciliation Act of 1985 (COBRA), life, vision, long-term disability insurances, and the Employee Assistance Program

DENTAL INSURANCE FUND

The County of Santa Cruz provides a self-funded indemnity dental program for employees and their dependents.

For additional information please see the full budget document.