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Agenda Package - 05-23-11 Budget Review
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Agenda Package - 05-23-11 Budget Review
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6/20/2011 3:12:56 PM
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019 <br />.E ITY <br />;Commitfed',T delay for 6 Better Tamoer6 <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. 4:15 P.M. Discussion <br />XX Information <br />Meeting Date: May 23, 2011 — Action Item <br />Consent Agenda <br />• <br />SUBJECT Property and Liability Insurance Renewal for FY 2011 -12 <br />DEPARTMENT Administration /Risk Management <br />CONTACT PERSON John Crumpton <br />REQUEST Approve Renewal Quote from the North Carolina Association of <br />County Commissioners ( NCACC) for FY 2011 -12 for Property and <br />Liability Insurance <br />SUMMARY The County has received the renewal quote for Property and <br />Liability from the NCACC for FY 2011 -12. The NCACC provides <br />comprehensive coverage to counties that is uniquely designed to <br />cover our needs and operations. This year, for the third year in a <br />row, the NCACC has worked with counties to reduce the cost of this <br />insurance as they continue to realize the impact of the economy. <br />Lee County's reduction for the upcoming year is $2,710. <br />BUDGET IMPACT Cost of renewal is $325,515. Last year's premium was $328,225. <br />ATTACHMENT(S) (1) Interlocal Agreement with the NCACC <br />(2) Renewal Quote <br />PUBLIC HEARING No <br />PRIOR BOARD ACTION N/A <br />RECOMMENDATION For information only — action to be taken during 6 p.m. meeting. <br />• <br />
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