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Meeting Date:
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Category:
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Type:
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Subject:
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18.3 Review and Potential Approval of Resolution 22/23-34:
Mt. Diablo Unified School District (MDUSD) Declaration of Withdrawal from the Schools Excess Liability Fund (SELF) and Public Risk Innovation, Solutions, and Management (PRISM) |
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure:
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Resolution 22-23-34: MDUSD Declaration to Withdraw Membership in Schools Excess Liability Fund (SELF) and Public Risk Innovation, Solutions, and Management (PRISM) |
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File Attachment:
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Summary:
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MDUSD is carefully reviewing our current liability and workers' compensation coverage to protect MDUSD agency against unforeseen claims. The District presently has $55,000,000 in liability limits through its membership in the excess liability program from the Schools Excess Liability Fund (SELF) and the Public Risk Innovation, Solutions, and Management (PRISM) and workers' compensation coverage through PRISM. District staff recommends that we seek alternative quotes for property/liability, cyber liability, and workers' compensation; and that we take the required board action today in order to ensure we have the ability to possibly make such a change (where board action to withdraw is required prior to the end of the calendar year so we can give notice of a withdrawal to the Schools Excess Liability Fund Joint Powers Authority by December 31, 2022 and PRISM by April 30, 2023) as we review our coverage and plans. |
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Funding:
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Unrestricted - General Fund |
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Fiscal Impact: |
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Savings of $280,000 for the current fiscal year |
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Recommendation
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Move to approve Resolution 22/23-34: Mt. Diablo Unified School District (MDUSD) Declaration of Withdrawal from the Schools Excess Liability Fund (SELF) and Public Risk Innovation, Solutions, and Management (PRISM). |
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Approvals:
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Recommended By: |
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Signed By: |
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Emily Lopez - Senior Human Resources Specialist |
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Signed By: |
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Cesar Alvarado - General Counsel |
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Signed By: |
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Dr. John Rubio - Chief Human Resources |
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Signed By: |
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Dr. Adam Clark - Superintendent |
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Vote Results:
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| Original Motion | | Member Debra Mason Moved, Member Cherise Khaund seconded to approve the Original motion 'Move to approve Resolution 22/23-34: Mt. Diablo Unified School District (MDUSD) Declaration of Withdrawal from the Schools Excess Liability Fund (SELF) and Public Risk Innovation, Solutions, and Management (PRISM).'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Linda Mayo | Yes | | Debra Mason | Yes | | Cherise Khaund | Yes | | Keisha Nzewi | Yes | | Erin McFerrin | Yes | |
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