Recommended Budget Volume One.book - Chief Executive Office ...

Judgments and Damages/Insurance
Judgments and Damages/Insurance Budget Summary
I
JUDGMENTS AND DAMAGES/INSURANCE BUDGET SUMMARY
Mission Statement
The Judgments and Damages/Insurance budget provides
funding for payment of judgments and settlements of
uninsured claims against the County, as well as attorney fees
and other litigation costs. In addition, this budget reflects
funding for service contracts and the purchase of insurance
policies, when such policies are available at a reasonable cost
or are required by law or agreement.
2011-12 Budget Message
JUDGMENTS AND DAMAGES/INSURANCE
Budget Summaries
FY 2009-10 FY 2010-11 FY 2010-11 FY 2011-12 FY 2011-12 CHANGE FROM
CLASSIFICATION ACTUAL ESTIMATED BUDGET REQUESTED RECOMMENDED BUDGET
FINANCING USES
SERVICES & SUPPLIES $ 117,519,919.06 $ 128,884,000 $ 133,056,000 $ 133,022,000 $ 133,073,000 $ 17,000
S & S EXPENDITURE DISTRIBUTION (112,682,531.45) (123,020,000) (127,192,000) (127,158,000) (127,209,000) (17,000)
TOTAL S & S 4,837,387.61 5,864,000 5,864,000 5,864,000 5,864,000 0
OTHER CHARGES 80,848,801.34 99,229,000 99,351,000 95,253,000 109,156,000 9,805,000
OC EXPENDITURE DISTRIBUTION (81,749,725.05) (85,399,000) (85,521,000) (81,423,000) (95,326,000) (9,805,000)
TOTAL OTH CHARGES (900,923.71) 13,830,000 13,830,000 13,830,000 13,830,000 0
GROSS TOTAL $ 3,936,463.90 $ 19,694,000 $ 19,694,000 $ 19,694,000 $ 19,694,000 $ 0
REVENUE $ 1,827,743.35 $ 0 $ 0 $ 0 $ 0 $ 0
NET COUNTY COST $ 2,108,720.55 $ 19,694,000 $ 19,694,000 $ 19,694,000 $ 19,694,000 $ 0
The 2011-12 Recommended Budget reflects funding for
anticipated judgments and/or settlements, attorney fees and
litigation costs, service contracts, and various commercial
insurance policies. The budget also includes a central
appropriation to fund large, unanticipated losses and losses of
a countywide nature.
FY 2011-12 Recommended Budget Volume One 32.1 County of Los Angeles