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2018 CAFR
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2018 CAFR
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<br /> <br />6 <br />Our mission is to be a progressive and welcoming <br />Village that is walkable, sustainable and safe <br />3301 Silver Lake Road, St. Anthony, MN 55418 612‐782‐3301 | www.savmn.com <br /> <br />either insured by federal depository insurance or collateralized. Temporary cash surpluses <br />during the year are invested in various securities defined by Minnesota Statutes. The City’s <br />policy is to invest available monies at competitive interest rates in accordance with the City’s <br />over‐all fiscal plan and coordinate them with operating needs and programs projected over the <br />ensuing 12 months. <br />Risk Management: The City uses a proactive approach to limit its liability risk and insurance <br />costs. To assist employees who are injured while on duty, Managed Care Program is used to <br />reduce medical expenses and other costs relating to workplace injuries. The program assists <br />employees with a treatment plan which reduces lost workdays, replacement workers, etc. <br />In addition, a safety committee consisting of employees from every department meets monthly <br />throughout the year to discuss safety related items, review accident reports and provide <br />recommendations to reduce the City’s exposure to liability. <br />The City’s general liability insurance is with the League of Minnesota Cities Insurance Trust. In <br />order to reduce the cost of insurance, a $10,000 per occurrence/$50,000 aggregate deductible is <br />maintained and funded through insurance dividends paid by the League of Minnesota Cities. <br />SHARED SERVICES <br />Grants: Each year, the City actively participates in Federal, State and County administered <br />grants. In 2018 the Police, Fire, Public Works and Administration received a variety of public <br />safety, operating, equipment and infrastructure construction grants. A list of the grants <br />includes: <br />A. Minnesota Firefighter Disability Grant. <br />B. State of Minnesota – Vest Grant. <br />C. Ramsey County – Safe and Sober Grant. <br />D. Minnesota Board of Firefighter Training & Education Grant. <br />E. Hennepin County Recycling Grant. <br />F. Ramsey County Recycling Grant. <br />G. Hennepin County Sidewalk Grant
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