Page 481 - Microsoft Word - FY 2022 Adopted Budget Document

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Financial/Economic Development

Goal 1: Continue Responsible Fiduciary Emphasis for the Organization and Council
Objective 1: Comply with all Financial Regulations and Policies
Project Performance Measure(s) City Service Team (Department)
Core Liability and Subrogation Claims Completion of Final Report Shared Services (Human
FED Audit Resources)
1.1.3
Summary:
Milestone Estimated Status
The City contracts with a third‐party claims Completion
administrator; Abercrombie, Simmons & Gillette Selection of claims for audit 3 Qtr. FY 2021 Complete
rd
rd
(AS&G), for workers’ compensation (WC), liability and Review of claim files by 3 Qtr. FY 2021 Complete
subrogation. During FY 2021, Human Resources will auditor(s)
be performing an audit of liability and subrogation Draft audit report 4 Qtr. FY 2021 Complete
th
claims to ensure effective claims handling. Timely submitted to HR
investigation and resolution, compliance with Claim audit report finalized 1 Qtr. FY 2022 In Progress
st
appropriate statutes/ordinances, and measures taken Final audit report reviewed 1 Qtr. FY 2022 Complete
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to maximize subrogation recoveries are some aspects with TPA
the audit will review. The audit process started in May
2021.

Updates:
The draft report was received and reviewed by HR.
The auditors are making necessary changes to finalize
st
the report. This will be completed in 1 quarter FY
2022.

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