TO: LINDA REICH, CITY MANAGER
FROM: TERRY DOYLE, DIRECTOR OF HUMAN RESOURCES/RISK MANAGEMENT
SUBJECT
title
Authorize the City of Chino to join Public Risk Innovation, Solutions, and Management (PRISM) for Fiscal Year 2026-27 for general and excess municipal liability insurance coverage.
end
RECOMMENDATION
recommendation
??Adopt Resolution No. 2026-025 authorizing the City of Chino to join Public Risk Innovation, Solutions, and Management (PRISM) for the City's general and excess municipal liability insurance coverage effective Fiscal Year 2026-27; designate the City Manager as primary member and Director of Human Resources/Risk Management as alternate member representative to the PRISM Governing Board; and authorize the City Manager to execute all required membership agreements to bind coverage with PRISM and related carriers.?
body
FISCAL IMPACT
There is no fiscal impact for FY 2025-26. The approximate net fiscal impact for Fiscal Year 2026-27 will be an increase of $1,284,552, which will be incorporated into the FY2026-27 Proposed Budget, within Fund 630 Liability Insurance.
CITY OF CHINO 2026-2027 MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above further the City's values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
* Superior Customer Service
* Financial Stability
* Responsible Long-Range Planning
* Public Service Excellence through Internal and External Partnerships
Revenue:
Expenditure: 6305010-43270 & 43250
Transfer In:
Transfer Out:
BACKGROUND
??As a municipal organization, the City of Chino is authorized to manage all risks associated with local government operations, including general liability, workers' compensation, claims against the City and lawsuits.
?Since 2007, the City has maintained stand-alone insurance coverage and utilizes an insurance broker to procure insurance programs to mitigate significant risks th...
Click here for full text