Laserfiche WebLink
FORM B-1 2022 ADJUSTMENTS TO BASE BUDGET <br />DEPARTMENT #: 495 FUND:602 <br />NAME:SEWER OPERATING <br />4 <br />Account #:4360 Amount (neg if decrease)$1,890 <br />INSURANCE <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />5 <br />Account #:4363 Amount (neg if decrease)$49 <br />AUTO INSURANCE <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />6 <br />Account #:4381 Amount (neg if decrease)$2,000 <br />ELECTRICITY <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />LMCIT suggests cities may want to allow for 3 to 7% increases for auto rates. <br />Increase electricity budget based on historical data and expected volume and rate increases. <br />LMCIT Insurance Coverage (Property & Liability). Given the reinsurance uncertainty, for budgeting purposes cities <br />may want to allow for a 5 to 10% increase for property coverage rates on average and 8 to 12% for members with <br />excess liability limits. <br />112