Operations
Action Item |
DATE: | Tuesday, November 14, 2017 |
TO: | School Board Members |
FROM: | Jeff Eakins, Superintendent |
SUBJECT / RECOMMENDATIONS | |
Approve the Purchase of Quoted Law Enforcement Liability Policy | |
EXECUTIVE SUMMARY | |
Hillsborough County Public Schools (HCPS) purchases Law Enforcement Liability insurance coverage for its law enforcement personnel. The coverage renews November 23, 2017. The coverage limits will remain at $500,000 each occurrence and $1,000,000 aggregate. The deductible remains at $250,000 per occurrence. The renewal premium will be $88,530 (inclusive of all Federal/State mandated fees) which represents no change in premium from the expiring coverage. |
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STRATEGIC OBJECTIVES | |
• Establish a strong foundation of financial stewardship | |
FINANCIAL IMPACT (Budgeted: Yes) | |
Funds in the amount of $88,530.00 will be available in the Internal Services Fund (Worker's Compensation). For tracking purposes, the project number specific to this agenda item is 711. As of Thursday, October 26, 2017, the remaining balance less encumbrances for this line item equaled $88,531.00. The annual 12 month Law Enforcement Liability premium of $88,530.00 in the 2017-2018 General Fund budget reflects a 0% decrease from the 2016-2017 budget. | |
EVALUATION | |
Yearly renewal. | |
SUBMITTED BY: |
Christopher Farkas | Dr. Alberto Vázquez | |
Chief Operating Officer (813) 272-4004 |
Chief of Staff (813) 272-4986 |
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C 7.07 | ||
Hillsborough County Public Schools (Florida) * Mtg.#20171114_823 (Reorganization/Board Meeting) * Section C Item# 7.07 |