Item Coversheet

Spotsylvania County
Board of Supervisors Agenda
Executive Summary




Meeting Date:
AugustĀ 14, 2018
Title:
FY 2018 Insurance Claim Budget Adjustment and Appropriation

Type:
Action, Appropriation
Agenda Title:
FY 2018 Insurance Claim Budget Adjustment and Appropriation   
Recommendation:

Staff recommends the appropriation of insurance claim funds which were received for six (6) insurance claims.

Summary:

An insurance claim was made to the insurance company for $5,273.77 in damages to Engine 4; and approved for coverage, less a $250 deductible.

 

An insurance claim was made to the insurance company for $2,600.00 in damages to the roof at Station 1; and approved for coverage, less a $1,000 deductible.

 

An insurance claim was made to the insurance company for $3,964.00 in damages to a portable radio; and approved for coverage, less a $1,000 deductible.

 

An insurance claim was made to the insurance company for $1,490.00 in damages to Ambulance 4-1 and towing cost; and approved for coverage, less a $250 deductible.

 

An insurance claim was made to the insurance company for $3,634.00 in damages to Boat 5; and approved for coverage, less a $1,000 deductible.

 

An insurance claim was made to the insurance company for $375.00 in towing costs for Engine 5; and approved for coverage.

 

The money from these insurance claims will help cover the cost of repairs that have already been made.

Committee/Commission Summary:
Finance Committee
Review Date:
July 19, 2018
Status:Approved
Financial Impact:

Increase Insurance Reimbursement Revenue - $13,837

Increase FREMS Auto Repairs & Maintenance - $9,273

Increase EMLOG – Repairs & Maintenance - $4,564

Staff Contacts:
James M. Cullinan, III, Fire Chief
Consequence of Denial/Inaction:

If the insurance claim funds are not appropriated to FREM’s operating budget, the line for Auto Repairs & Maintenance will not accurately reflect activity occurring in FY 2018.

ATTACHMENTS:
File NameDescriptionType
Fire-Rescue_Insurance_Claims_-_Appropriation.docAppropriationAppropriation
Fire-Rescue_Insurance_Claims_-_Budget_Adjustment.docBudget AmendmentBudget Amendment