Board told workers' comp fund will remain above $1 million self-insurance threshold

Staff told the board that the workers' compensation fund is projected to maintain the required $1,000,000 cash balance and that no additional budgeted funds appear necessary this year. "So we have to... self insured on work comp, maintain 1000000 dollar cash balance," the presenter said, adding the projection shows a healthy ending balance and that the board should be cautious about reducing transfers at this stage.

Board members asked whether the fund could withstand a reduction in the general-fund transfer; staff replied they would not recommend reducing transfers now given claim uncertainty early in the fiscal year. No formal action was taken; members agreed to monitor the fund and revisit if registers or claims trend differently.