PROPERTY AND CASUALTY
INSURANCE
DEPARTMENT BUDGET:
The 2000-2001 Adopted Budget is $6,905,000. This reflects an increase of $466,000 or 7.2% over the 1999-2000 Adopted Budget.
Expenditures for property and casualty insurance include premium costs for coverage for all city operations, as well as the Hartford Public School system, the Hartford Public Library, the Hartford Parking Authority and the Hartford Economic Development Commission. Policies are maintained for fire and extended coverage, auto liability, fidelity bonds, public official liability and general liability. The City maintains a self-insurance reserve fund to back deductibles. The increase in the 2000-2001 adopted budget will provide sufficient funds to offset the cost of additional liability claims in the self-insurance reserve fund.
The Adopted Budget for Fiscal Year 2000-2001 allocation is
distributed as follows:
|
City of Hartford |
5,040,650 |
|
Education |
1,864,350 |
|
Total |
6,905,000 |
DEPARTMENT BUDGET SUMMARY:
