HomeMy WebLinkAboutItem III (F) Approval and Authorization to Pay to Florida Municipal Self Insurers Fund the Additional Premium of $17,424 from Contingency Fund for Workers Compensation 1992/1993 Revised Estimated Billing AGENDA 9-21-93
"CENTER OF GOOD LIVING-PRIDE OF WEST ORANGE" Item III F
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CITY OF OCOEE RUSTY JOHNSON
COMMISSIONERS
150 N.LAKESHORE DRIVEPAUL W.FOSTER
OCOEE,FLORIDA 34761 VERN COMBS
(407)6562322 SAM WOODSON
CITY MANAGER
ELLIS SHAPIRO
MEMORANDUM
To: The Honorable Mayor and Board of City Commissioners
From: Ivan Poston, Finance Manager through Montye Beamer
Director of Administrative Services
Date: September 16, 1993
Subject : Workers Compensation 1992/1993 Revised Estimated Billing
Attached is a copy of the Florida League of Cities revised
estimated billing for the city's workers compensation insurance for
1992/1993 . Even though the experience modification decreased
slightly the over all increase in gross payroll caused an increase
in premium.
ACTION REQUESTED
It is respectfully requested that the Mayor and City Commission
approve payment of this $17 , 424 . 00 additional premium from the
general fund contingency account that has a current balance of
$129,005 . 31 .
INVOICE
/0 Fi7r1C01Ce q/g/ 9. 3
FLORIDA MUNICIPAL SELF INSURERS FUND
FUND ADMINISTRATOR - FLORIDA LEAGUE OF CITIES, INC.
DATE No.
00/30/93 FM 436
) City of Ocoee MAKE CHECKS PAYABLE TO:
FL
FLORIDA MUNICIPAL SELF
INSURERS FUND
P.O. BOX 1757
TALLAHASSEE, FL 32302-1757
REVISED ESTIMATED BILLING - 1992/93 FY
***** PLEASE RETURN ONE COPY OF THIS INVOICE WITH PAYMENT **xxx
DESCRIPTION
GROSS PARTICIPATION NET
CREDIT
ESTIMATED REVISED BILLING $ 153,077.00 $ 12,246.00 $ 140,831.00
RENEWAL BILLING INCL. CHANGES 134, 138.00 10,731.00 123,407.00
DIFFERENCE - BALANCE OWING $ 18,939.00 $ 1,515 $ 17,424.00
3*** PAYMENTS NOT RECEIVED BEFORE 09/30/93 WILL
BE ASSESSED A PENALTY WITHOUT EXCEPTION x**
TOTAL AMOUNT DUE >
$ 17,424.00
Florida League of Cities,Inc. Florida League of Cities,Inc.
201 West Park AvenuePublic Risk Services
Post Office Box 1757 135 East Colonial Drive
Tallahassee, FL 32302-1757 Post Office Box 530065
Telephone (904) 222-9684 Orlando, FL 32853-0065
Suncom 278-5331 E(�FI DiRIE4 LEAGUE OF CITIES Telephone (407) 425-9142 It
FAX (904) 222-3806 Suncom 344-6767
n Reply to =_ _ - - - n Reply to
May 13, 1993
Ms. Peggy Psaledakis
Director of Personnel
City of Ocoee
150 North Lakeshore Drive
Ocoee, FL 34761
Re: Workers Compensation '92/'93 Revised Estimated Billing
Dear Peggy:
Shortly, the City will receive a Revised Estimated Billing on the current workers compensation Fund Year.
The bill will be for an additional premium of $18,939.00 less 8% participation credit.
Each year the member's workers compensation premium is updated for the current year. This update is
processed after the payroll audit for the prior fiscal year is conducted; and the Bureau of Self Insurance has
promulgated the experience modification.
The mod decreased from .83 to .75. However, the change in payroll has caused the premium increase.
When the City re-entered the Fund, we were given a payroll of $3,244,616.00. As a result of our June 18,
1992 telephone conversation, the same payrolls were used for the '92/'93 renewal. This was due to the
salary reduction absorbed by the employees.
However, when the final audit for '91/'92 was conducted, the audited payroll was determined to be
$4,108,197.00. In the higher rated codes of Streets, Garbage, and Municipal, the percentages were even
greater that the overall increase.
Peggy,this letter will give the City some advanced notice of the invoice. The invoice should be mailed within
the next two weeks. I felt that you would want to be aware of this pending charge; although I realize that
the paying of the premium will not be anymore palatable.
Please feel free to call if you have any questions.
Sincerely,
4 CZAC-(2-
Byr, Beard
Underwriting Manager
BB/vmv
Florida Municipal Self Florida Municipal Health Florida Municipal Pension Florida Municipal Insurance
Insurers Fund (Workers' Trust Fund Trust Fund Trust(Liability and
Compensation) Property)
FLORIDA MUNICIPAL SELF INSURERS FUND
REVISED ESTIMATED BILLING FOR PERIOD OF 10/01/92-09/30/93
CITY OF OCOEE FM 436 05/05/93
CODE CLASSIFICATION PAYROLL RATE PREMIUM
5509 STREET OR ROAD MAIN. BY CO. OR MUN. EMPLOYEES ONLY 342,934 6.14 21,056
7520 WATERWORKS OPERATIONS-& SALESPERSONS DRIVERS 319,524 3.98 12,717
7580 SANITARY OR SANITATION DISTRICTS OPER-ALL EMPLOYEE 236,377 3.43 8,108
7704 FIREFIGHTER-& DRIVERS 689,307 5.62 38,739
7720 POLICE OFFICERS-& DRIVERS 937,819 5.52 51,768
8380 AUTO REPAIR SHOP 38,694 5.42 2,097
8810 CLERICAL OFFICE EMPLOYEES NOC 875,721 0.44 3,853
9015 BUILDINGS-NOC-OPERATION BY OWNER OR LESSEE 43,638 6.27 2,736
9102 PARK NOC-ALL EMPLOYEES-& DRIVERS 71,856 5.40 3,880
9403 GARBAGE,ASHES OR REFUSE COLLECTION-&DRIVERS 252,401 13.26 33,468
9410 MUNICIPAL,TOWNSHIP,COUNTY OR STATE EMPLOYEE NOC 299,926 8.50 25,494
PAYROLL 4,108,197 MANUAL PREMIUM 203,916
EXPERIENCE MODIFICATION 0.75
MODIFIED PREMIUM 152,937
DRUG FREE CREDIT - 0
LESS $ 0 DEDUCTIBLE CREDIT- 0
EXPENSE CONSTANT 140
TOTAL NORMAL PREMIUM 153,077