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FY 2007 Risk Report
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FY 2007 Risk Report
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Last modified
6/9/2009 8:05:05 AM
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6/1/2009 12:20:28 PM
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PW_Exec
PW_Division_Exec
Administration
PWA_Project_Area
Miscellaneous
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Risk Report
Document_Date
6/30/2007
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PUBLIC WORKS DEPARTMENT <br />~~; <br />LIABILITY CLAIMS ' <br />The Public Works Department incurred 47 liability claims in FY07. This <br />is slightly lower than the five year average of 50 claims filed annually. <br />The total incurred claim costs for FY07 are $68,058 which is slightly <br />higher than the five year average of $61,651. Thirty-eight of the 47 <br />claims filed in FY07 have been resolved; 17 claims were closed without _ <br />payment and nine were closed with payments of less than $500. The <br />largest claim payment in FY07 was $5,000 for damage caused by a <br />sewer back-up that originated in the City's line. Only nine claims remain open. <br />Five YearAverage & Comparison <br />The table below shows Public Works' FY07 claims experience compared with their five year average. <br />~. <br />,-~, <br />Public Works Department -Liability Claims <br />Frequency % of Severity % of Average Cost <br /># of Claims City City Per Claim <br />FY07 47 44% $ 68,058 23% $ 1,448 <br />5 Year <br />Average 50 41% $ 61,651 6% $ 1,233 <br />The following graphs illustrate the five-year history of Public Works liability claims, by fiscal year compared to <br />the City as a whole. <br />Public Works Liability Claims Public Works Liability Claims <br />Five Year History- Frequency Five Year Hrstory -Severity <br />FY03 FY04 FY05 FY06 FY07 <br /> City Public Works <br />50 51,000,000 $2,OOD,000 53,000,000 <br /> City Public Works <br />FY03 <br />FY04 <br />FY05 <br />FY06 <br />FY07 <br />47 <br />
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