Agenda Regular Meeting of the Board of Directors November 22, 2019 California Association for Park & Recreation Indemnity Regular Board Meeting November 22, 2019 Page | 1 California Association for Park and Recreation Indemnity Board of Directors President, Lindsay Woods Vice President, Dean Wetter Secretary, Colin Miller Directors Ms. Lorena Cervantes Mr. Mathew Fuzie Mr. Jim Friedl Mr. Larry Mazzuca REGULAR MEETING OF THE BOARD OF DIRECTORS 12:30 p.m.- Friday, November 22, 2019 Desert Recreation District La Quinta Community Center 77865 Avenida Montezuma La Quinta, CA 92253 (760) 347-3484 Note: Agenda posting and meeting are done in accordance with Ralph M. Brown Act Government Code ∮ 54954.2 and 54953
Transcript
Agenda
Regular Meeting of the Board of Directors
November 22, 2019
California Association for Park & Recreation Indemnity Regular Board Meeting
November 22, 2019 Page | 1
California Association for Park and Recreation Indemnity
Board of Directors
President, Lindsay Woods Vice President, Dean Wetter
Secretary, Colin Miller
Directors
Ms. Lorena Cervantes Mr. Mathew Fuzie
Mr. Jim Friedl Mr. Larry Mazzuca
REGULAR MEETING OF THE BOARD OF DIRECTORS
12:30 p.m.- Friday, November 22, 2019
Desert Recreation District
La Quinta Community Center
77865 Avenida Montezuma
La Quinta, CA 92253
(760) 347-3484
Note: Agenda posting and meeting are done in accordance with Ralph M. Brown Act Government Code ∮ 54954.2 and 54953
Agenda
Regular Meeting of the Board of Directors
November 22, 2019
California Association for Park & Recreation Indemnity Regular Board Meeting
November 22, 2019 Page | 2
1. CALL TO ORDER
2. INTRODUCTIONS
3. PUBLIC COMMENTS
This time is reserved for members of the public to address the Board relative to matters
of the CAPRI not on the agenda. No action may be taken on non-agenda items unless
authorized by law.
Welcome to our Board of Directors Meeting. The Board encourages public
participation. If you desire to address the Board on any CAPRI related matter or item on
the Agenda, you are asked to please fill out one of the speaker forms in the back of the
meeting room and turn it in to the Executive Director. When called upon, please come
forward, and state your name and address before addressing the Board. Please limit your
comments to 3 minutes per speaker.
Please note that if you address the Board on items NOT on the Agenda, the Brown Act
does not allow discussion of such items. Therefore, the Board may only do the following:
refer the matter to staff, ask for additional information, request a report back, or give a
very limited factual response.
4. CLOSED SESSION CLAIMS
Pursuant to Government Code Section 54957.1, the Board must report in open session
any action taken, or lack thereof, taken in closed session.
4.1 Worker’s Compensation – Existing Litigation Pursuant to Government
Code § 54956.9(d)(1)
➢ Bishop v. West Side Recreation & Park District
➢ Cameron v. Hayward Recreation & Park District
➢ Judd v. Rancho Simi Recreation & Park District
➢ Petersen v. Desert Recreation & Park District
➢ 2019 Settlement Summary
4.2 Liability & Property – Existing Litigation Pursuant to Government
Code § 54956.9(d)(1)
➢ Allegro v. Rancho Simi Recreation & Park District
➢ Alward v. Greater Vallejo Recreation & Park District
➢ Moss v. Rancho Simi Recreation & Park District
➢ Tounget v. Valley-Wide Recreation & Park District
➢ West Side Property Loss Claim
➢ Liability Report $5K Meeting Summary
Agenda
Regular Meeting of the Board of Directors
November 22, 2019
California Association for Park & Recreation Indemnity Regular Board Meeting
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4.3 Anticipated Litigation Pursuant to Government Code
section § 54956.9(d)(4) (initiation of litigation)
➢ One (1) potential case
4.4 Public Employee Evaluation – Performance Review Pursuant to
Government Code § 54957
➢ Executive Director
5. REPORT FROM CLOSED SESSION
Pursuant to Government Code Section 54957.1, the Board must report in open session
any action taken, or lack thereof, taken in closed session.
6. CONSENT ITEMS
The following items are expected to be routine and non-controversial and will be acted
upon by the Board at one time without discussion, unless a Board member requests that
an item be removed from the consent agenda and held for discussion.
6.1 Approval of CAPRI Board Minutes
➢ September 18, 2019
6.2 LAIF Regular Monthly Statement – October 2019
6.3 Warrant Listings for the months July 2019- September 2019
6.4 Statement of Net Position
6.5 Statement of Revenue and Expenses Budget to Actual
6.6 Statement of Revenue, Expenses, and Change in Net Position
7. PULLED CONSENT ITEMS
8. DISCUSSION/ACTION ITEMS
The CAPRI Board of Directors will review and discuss taking appropriate action
or inaction with respect to the following matters:
8.1 Investment Policy Review
➢ The Board shall review and discuss the CAPRI Investment Policy
and consider proposed revisions.
8.2 WC & GL/Property Programs Dividend Distribution Review
➢ The Board shall review and consider whether it is appropriate to
revise its dividend/discount practices and whether to distribute
dividends to the membership in the Workers’ Compensation and
Liability & Property Programs.
Agenda
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November 22, 2019
California Association for Park & Recreation Indemnity Regular Board Meeting
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8.3 ADA Assessment Results Review
➢ The Board shall review and discuss the results of the recent ADA
Assessment program with DAC and provide Staff direction as to
whether to negotiate a contract for trainings and a Transition
Plan discount/reimbursement program.
8.4 District Visitation Criteria & Scoring System Review
➢ The Board shall review and discuss the District Visitation criteria
and Scoring system and provide Staff input as to any changes to
consider in advance of the upcoming District XVII Cycle.
8.5 GL & Property Member Application – Cazadero CSD
➢ The Board shall review and consider the application for
membership by Cazadero Community Services District and
determine whether to authorize conditional interim membership
in the CAPRI Liability & Property Program.
8.6 Alliant Property Appraisal Program
➢ The Board shall review and consider participation in the Alliant
Property Appraisal Program Review.
8.7 Office Needs Assessment
➢ The Board shall review and consider the CAPRI Office Needs
Assessment and determine whether to direct Staff to execute a
listing agreement for the sale of the CAPRI facility.
8.8 Approval of 2018/2019 WC Final Payroll
➢ The Board shall review and approve the 2018/2019 WC Final
Payroll.
8.9 General Counsel Contract Review
➢ The Board shall review and direct Staff to execute a Legal
Services Agreement with Gibbons & Conley.
8.10 Executive Director Contract Review
➢ The Board shall review and discuss the Employment Contract of
the Executive Director and determine whether to authorize the
President of the Board to execute an amendment to the
agreement.
8.11 CAPRI BOD Meeting Calendar 2020
➢ The Board shall review and approve the 2020 CAPRI BOD
Meeting Calendar.
Agenda
Regular Meeting of the Board of Directors
November 22, 2019
California Association for Park & Recreation Indemnity Regular Board Meeting
November 22, 2019 Page | 5
9. SPECIAL REPORTS
CAPRI consultants will report on the following topics:
The Executive Director and Staff will report on the following topics:
10.1 District Visits Update
10.2 CAPRI Member Trainings Update
10.3 Hayward Safety Training Day Summary
10.4 CAPRI Staff Calendar
10.5 CAPRI Member Calendar
10.6 News of Note
11. BOARD MEMBER REPORTS
11.1. Board Member Comments
12. FUTURE AGENDA ITEMS
This section is reserved for items identified by Board members and Staff as
matters for future Board business.
TARGET DATE –FEBRUARY 2020
12.1 New CAPRI Board Member Orientation Packet
12.2 WC Premium Allocation Formula Review
12.2 Board Manual Review
12.3 CAPRI Bylaws Revisions
12.4 2020 CAPRI BOD Officers Election
12.5 Liability, Property, & WC Loss Trends
13. ANNOUNCEMENTS
The next CAPRI Board of Directors meeting will be held on February 18, 2020
at a location to be determined.
14. ADJOURNMENT
Compliance with the Americans with Disabilities Act If you need special assistance to participate in this meeting, you should contact CAPRI at (916) 722-5550. Notification at
least 72 hours prior will enable CAPRI to make reasonable arrangements to ensure accessibility to this meeting.
CAPRI Board of Directors Regular Meeting Minutes – September 18, 2019
Page | 1
CALIFORNIA ASSOCIATION FOR PARK AND RECREATION INDEMNITY
BOARD OF DIRECTORS REGULAR MEETING CAPRI Offices
6341 Auburn Blvd. Citrus Heights, CA 95621
September 18, 2019
MINUTES
1. CALL TO ORDER:A regular meeting of the Board of Directors was held on September 18, 2019 at Arden ParkRecreation & Park District, Room A, 1000 La Sierra Drive, Sacramento, 95864 CA at 10:00a.m.
Members Present: President Lindsay Woods, Vice President Dean Wetter, Secretary Colin Miller, Director Mathew Fuzie, and Director Larry Mazzuca.
Members Teleconference: Director Jim Friedl.
CAPRI Staff: Mr. Matthew Duarte, Ms. Bebe Pearson, and Mr. Kirk Andre.
Absent: Director Lorena Cervantes.
Others Present: Mr. Byrne Conley (Gibbons & Conley), Mr. Doug Wozniak (Alliant Insurance), Mr. Chuck Torretta (George Hills), and Ms. Dori Zumwalt (York Risk Services).
2. INTRODUCTIONS:None.
3. PUBLIC COMMENTS:None.
4. CLOSED SESSION:The Board convened to Closed Session at 10:02 a.m. regarding the following matters:
Judd v. Rancho Simi Recreation & Park District Mike v. Hayward Recreation & Park District Vannucci v. Hayward Recreation & Park District Hendershot v. Cordova Recreation & Park District Moss v. Rancho Simi Recreation & Park District
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CAPRI Board of Directors Regular Meeting Minutes – September 18, 2019
Page | 2
Velez v. Isla Vista Recreation & Park District Liability Report $5K Meeting Summary Claims settled since last Board meeting
5. REPORT FROM CLOSED SESSION:
The Board reconvened to Open Session at 10:56 a.m. pursuant to Government Code Section 54957.1, the Board must report in open session any action taken, or lack thereof, taken in closed session.
No Reportable Action.
6. CONSENT AGENDA:
6.1 CAPRI Board Minutes July 24, 2019
6.2 LAIF Regular Monthly Statement – August 2019 6.3 Warrant Listings for the months April 2019 – June 2019 6.4 Statement of Revenue and Expenses Budget to Actual 6.5 Statement of Revenue, Expenses, and Change in Net Position
MOTION:
Secretary Miller made a motion to approve consent items #6.1 – #6.5. Director Friedl seconded the motion.
Mr. Torretta of George Hills Company and Mr. Duarte provided an overview of CAPRI’s liability program including claim handling procedures and the pool’s recent claims experience. The Board commented upon the proposed Incident/Accident Response flow chart including requesting further clarification on when to produce an Incident Report to CAPRI.
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CAPRI Board of Directors Regular Meeting Minutes – September 18, 2019
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8.2 Property Claims Management Review Mr. Duarte provided an overview of CAPRI’s liability program including claim handling procedures and the pool’s recent claims experience. Mr. Wozniak commented upon the pool’s history and current market.
8.3 District Visitation Criteria & Scoring System Review Mr. Andre provided an overview of CAPRI’s District Visitation program that included a discussion of the purpose and benefits of the visits. The Board discussed the scoring system and criteria and requested Staff return in November with further revisions.
8.4 W/C Program Dividend Distribution Review The Board discussed Staff’s recommendation that, in lieu of declaring dividends in the WC program, the Board consider programmatic changes including a multi-program premium discount. President Lindsay Woods proposed that the CAPRI Personnel committee meet to further review and discuss the appropriateness of issuing dividends prior to the November meeting.
MOTION: Mr. Mathew Fuzie made a motion to have Staff provide further information regarding the alternative discount programs for the Workers’ Compensation and Liability & Property programs at the November 22, 2019 Board meeting. Secretary Miller seconded the motion. Ayes: Woods, Wetter, Miller, Friedl, Fuzie, and Mazzuca. Nays: None Abstain: None
8.5 Liability & Property Program Dividend Distribution Review (see motion on #8.4)
8.6 Resolution No. 3-2019 – Off Duty, Out of the State Peace Officer Injury
The Board of Directors took no action on this item.
9. SPECIAL REPORTS:
9.1 Insurance Market Update – Alliant Insurance Services Mr. Wozniak gave a brief overview of the current insurance market. The property market is remains a hard market. He mentioned that Munich said that all casualty insurance programs in California, Illinois, New York and Washington will be hit with a
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CAPRI Board of Directors Regular Meeting Minutes – September 18, 2019
Page | 4
12% surcharge regardless of loss ratio. He foresees an increase in COLA soon as well. Workers’ Compensation is stable and doing well in the market.
10. EXECUTIVE DIRECTOR/STAFF REPORTS:
10.1 District Visits Update
The Board of Directors had no additional comments or questions on this writeup. 10.2 CAPRI Office Update
The Board of Directors had no additional comments or questions on this writeup. 10.3 ADA Compliance Assessment Program Update
The Board of Directors had no additional comments or questions on this writeup. 10.4 Nurse Triage Program Update
The Board of Directors had no additional comments or questions on this writeup. 10.5 MPN Program Update
The Board of Directors had no additional comments or questions on this writeup.
10.6 Member Withdrawal Update The Board of Directors had no additional comments or questions on this writeup.
10.7 CAPRI Member Trainings Update
The Board of Directors had no additional comments or questions on this writeup. 10.8 CAPRI Ratings Questionnaire Refresh Update
The Board of Directors had no additional comments or questions on this writeup. 10.9 CAPRI Website Refresh Update
The Board of Directors had no additional comments or questions on this writeup.
10.10 News of Note The Board of Directors had no additional comments or questions on this writeup.
11. BOARD MEMBER REPORTS:
11.1 Board Member Comments
No additional comments
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CAPRI Board of Directors Regular Meeting Minutes – September 18, 2019
Page | 5
12. FUTURE AGENDA ITEMS: The Board thanked Arden Park Recreation & Park District for hosting the meeting.
13. ANNOUNCEMENTS: The next CAPRI Board of Directors meeting will be held November 22, 2019 at 1:00p.m. at the Desert Recreation District, La Quinta Community Center, 77865 Avenida Montezuma, La Quinta, CA 92253.
14. ADJOURNMENT: The Board adjourned the meeting at 2:09 p.m.
______________________________________ Colin Miller, CAPRI Board of Directors Secretary
Other Current AssetsDue from Employee 168.10 168.10 Investment Account
PFM Investment Account 19,674,777.02 19,961,681.23 Union Bank 77,697.04 179,818.57
Total PFM - Investment Account 19,752,474.06 20,141,499.80
Due From Members - Year-end W/C 200,566.00 395,108.00
Prepaid Insurance 2,868,945.88 2,009,135.93
Interest Receivable 119,386.06 111,453.36
Recovery Receivable 153,534.64 270,275.65
Total Other Current Assets 23,095,074.74 22,927,640.84
Total Current Assets 26,074,289.03$ 25,329,696.23$
Capital AssetsCapital Assets
Suite B 13,815.33 13,815.33 Building Improvements 78,617.32 78,617.32 Building 99,955.00 99,955.00 Land 140,000.00 140,000.00 Computer Hardware/Software 34,901.30 34,901.30 Furniture & Equipment 51,092.10 51,092.10 Accumulated Depreciation (266,818.51) (259,171.66)
Total Capital Assets 151,562.54 159,209.39
Total Fixed Assets 151,562.54 159,209.39
Other AssetsDEFFERED OUTFLOWS - PENSION 208,102.00$ 212,538.00$
TOTAL ASSETS 26,433,953.57$ 25,701,443.62$
For Management Use Only - No Assurance Provided Page 16 of 129
California Association for Park and Recreation IndemnityStatement of Net Position - DRAFT
As of September 30, 2019 and September 30, 2018Sept 30, '19 Sept 30, '18
LIABILITIES & EQUITYLiabilities
Current LiabilitiesCredit Cards
Bank of the West / MC - Richards -$ 1,145.68$ Bank of the West / MC - Kirk 1,007.10$ -$ Bank of the West / MC - Matt 3,108.88$ 2.30$ Bank of the West / MC - Pat - 1,281.68
Total Credit Cards 4,115.98 2,429.66
Other Current LiabilitiesDue to Members Year-end WC Premium 217,345.00 172,363.00 Member Contributions Paid in Advance 1,228,637.25 80,830.25 Claims Payable
BACKGROUND AND STATUS: Annually, PFM conducts a review of the CAPRI Investment Policy and, as necessary, provides recommendations for revisions. This year, PFM is recommending one revision to address a reporting requirement under the California Government Code. Specifically, that the CAPRI Treasurer (Executive Director Duarte) provide a monthly report of the investment account transactions to the Board. RECOMMENDATION: Approve proposed revisions to CAPRI Investment Policy. FISCAL IMPACT: None. REFERENCE MATERIALS ATTACHED:
• Memo from Alison Kaune, PFM, to Executive Director Duarte re: Investment Policy Review
• CAPRI Investment Policy as amended on November 5, 2018 with proposed revision
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October 11, 2019
Memorandum
To: Matthew Duarte, Executive Director CAPRI Board of Directors CAPRI
From: Allison Kaune, Senior Client Representative PFM Asset Management LLC
Re: Investment Policy Review
We completed our annual review of CAPRI’s Investment Policy (the “Policy”). We are making one
recommendation this year to address a reporting requirement of the California Government Code. Below is a summary of the recommendation and attached is a blacklined version of the Policy showing the recommended change.
Recommendation
Section XII: Reporting Requirements:
California Government Code section 53607 states that the Treasurer of a local agency shall make
a monthly report of transactions to the legislative body. As such, we recommend adding a
statement to the Policy’s reporting section addressing this requirement.
I would be happy to discuss any questions regarding our Policy recommendation.
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EXHIBIT D
California Association for Park and Recreation Indemnity Investment Policy
Amended/Approved November 5, 2018 I. Introduction
The purpose of this document is to identify various policies and procedures that enhance opportunities for a prudent and systematic investment policy and to organize and formalize investment-related activities.
The investment policies and practices of California Association for Park and Recreation Indemnity ("the Authority") are based on state law and prudent money management. All funds will be invested in accordance with the Authority’s Investment Policy, and California Government Code Sections 53601, 53601.1, 53601.5, 53635 and 53635.5. If the Authority issues bonds in the future, the investment of bond proceeds will be further restricted by the provisions of relevant bond documents.
II. Scope
It is intended that this policy cover all funds (except retirement funds) and investment activities under the direction of the Authority.
III. Prudence
The standard of prudence to be used by investment officials shall be the "prudent investor" standard and shall be applied in the context of managing an overall portfolio. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law. Investment officers acting in accordance with written procedures and the investment policy and exercising due diligence shall be relieved of personal responsibility for an individual security’s credit risk or market price changes, provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse developments.
IV. Objectives
The primary objectives, in priority order, of the investment activities of the Authority shall be:
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1) Safety. Safety of principal is the foremost objective of the investment program. Investments of the Authority shall be undertaken in a manner that seeks to ensure preservation of capital in the portfolio.
2) Liquidity. The investment portfolio of the Authority will remain sufficiently liquid to enable the Authority to meet its cash flow requirements.
3) Return on Investment. The investment portfolio of the Authority shall be designed with the
objective of attaining a market rate of return on its investments consistent with the constraints imposed by its safety objective and cash flow considerations.
V. Delegation of Authority
The management responsibility for the investment program is hereby delegated to the Treasurer who shall monitor and review all investments for consistency with this investment policy. No person may engage in an investment transaction except as provided under the limits of this policy. The Authority may delegate its investment decision making and execution authority to an investment advisor. The advisor shall follow the policy and such other written instructions as are provided.
VI. Ethics and Conflict of Interest
Officers and employees involved in the investment process shall refrain from personal business activities that could conflict with proper execution of the investment program, or which could impair their ability to make impartial decisions.
VII. Authorized Financial Dealers and Institutions
The Treasurer will maintain a list of approved financial institutions authorized to provide investment services to the Authority in the State of California. These may include “primary” dealers or regional dealers that qualify under Securities & Exchange Commission Rule 15C3-1 (uniform net capital rule). A determination should be made to insure that all approved Broker/ dealer firms, and individuals covering the public agency, are reputable and trustworthy. In addition, the broker/dealer firms should have the ability to meet all of their financial obligations in dealing with the Authority. The firms, and individuals covering the agency, should be knowledgeable and experienced in public agency investing and the investment products involved. No public deposit shall be made except in a qualified public depository as established by the established state laws. All financial institutions and broker/dealers who desire to conduct investment transactions with the Authority must supply the Treasurer with the following: audited financial statements, proof of NASD certification, trading resolution, proof of State of California registration, completed broker/dealer questionnaire, certification of having read the Authority’s investment policy and depository contracts. An annual review of the financial condition and registrations of qualified bidders will be conducted by the Treasurer. A current audited financial statement is required to be on file for each financial institution and broker/dealer in which the Authority invests. If the Authority utilizes an investment advisor to conduct investment transactions on the Authority’s behalf, the investment advisor may use its own list of approved broker/dealers and financial institutions for investment purposes. The investment advisor’s approved list must be made available to the Authority upon request.
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VIII. Ineligible Investments
Any security type or structure not specifically approved by this policy is hereby specifically prohibited. Security types which are thereby prohibited include, but are not limited to,
1. Range notes, dual index notes, inverse floaters, leveraged or deleveraged floating-rate
notes, or any other complex variable-rate or structured note. 2 Interest-only strips that are derived from a pool of mortgages, or any security that could
result in zero interest accrual if held to maturity. IX. Permitted Investment Instruments
1. United States Treasury notes, bonds, bills, or certificates of indebtedness, or those for which the full faith and credit of the United States are pledged for the payment of principal and interest.
2. Federal agency or United States government-sponsored enterprise obligations, participations,
or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government-sponsored enterprises.
3. Registered state warrants or treasury notes or bonds of this state, including bonds payable
solely out of the revenues from a revenue-producing property owned, controlled, or operated by the state or by a department, board, agency, or authority of the state , which are rated in a rating category of “A,” its equivalent, or better by at least one of the nationally recognized statistical-rating organizations (NRSROs). The purchase of such obligations will be restricted to a maximum of 30% of the Authority’s investment portfolio.
4. Registered treasury notes or bonds of any of the other 49 United States in addition to
California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 United States, in addition to California. Obligations are required to be rated in a rating category of “A,” its equivalent or better by at least one of the NRSROs. The purchase of such obligations will be restricted to a maximum of 30% of the Authority’s investment portfolio.
5. Bonds, notes, warrants, or other evidences of indebtedness of a local agency within this state, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by the local agency, or by a department, board, agency, or authority of the local agency. Obligations are required to be rated in a rating category of “A,” its equivalent, or better by at least one NRSRO. The purchase of such obligations will be restricted to a maximum of 30% of the Authority’s investment portfolio.
6. Repurchase Agreements used solely as short-term investments not to exceed 30 days.
The following collateral restrictions will be observed: Only U.S. Treasury securities or Federal Agency securities, as described in IX. 1 and 2, will be acceptable collateral. All securities underlying Repurchase Agreements must be delivered to the Authority’s custodian bank versus payment or be handled under a tri-party repurchase agreement. The total of all collateral for each Repurchase Agreement must equal or exceed, on the basis of market value
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plus accrued interest, 102 percent of the total dollar value of the money invested by the Authority for the term of the investment. Since the market value of the underlying securities is subject to daily market fluctuations, the investments in repurchase agreements shall be in compliance if the value of the underlying securities is brought back up to 102 percent no later than the next business day. For any Repurchase Agreement with a term of more than one day, the value of the underlying securities must be reviewed on a regular basis. Market value must be calculated each time there is a substitution of collateral. The Authority or its trustee shall have a perfected first security interest under the Uniform Commercial Code in all securities subject to Repurchase Agreement. The Authority may enter into Repurchase Agreements with (1) primary dealers in U.S. Government securities who are eligible to transact business with, and who report to, the Federal Reserve Bank of New York, and (2) California and non-California banking institutions having assets in excess of $1 billion and in the highest short-term rating category as provided by a NRSRO.
The Authority will have specific written agreements with each firm with which it enters into Repurchase Agreements.
Reverse repurchase agreements will not be allowed.
7. Banker’s Acceptances otherwise known as bills of exchange or time drafts that are drawn on
and accepted by a commercial bank, the short-term paper of which is rated in the highest category by a NRSRO.
Purchases of Banker’s Acceptances may not exceed 180 days maturity or 40 percent of the Authority’s investment portfolio.
8. Commercial paper of “prime” quality of the highest ranking or of the highest letter and number rating as provided for by a NRSRO. The entity that issues the commercial paper shall meet all of the conditions in either paragraph (A) or paragraph (B) below: A. The entity meets the following criteria:
(1) Is organized and operating within the United States as a general corporation. (2) Has total assets in excess of five hundred million dollars ($500,000,000). (3) Has debt other than commercial paper, if any, that is rated in a rating category of
“A,” its equivalent, or better by a NRSRO.
B. The entity meets the following criteria: (1) Is organized within the United States as a special purpose corporation, trust, or
limited liability company. (2) Has program-wide credit enhancements including, but not limited to, over
collateralization, letters of credit, or surety bond. (3) Has commercial paper that is rated “A-1” or higher, or the equivalent, by a NRSRO.
Purchases of eligible commercial paper may not exceed 270 days maturity and not represent more than 10 percent of the outstanding paper of an issuing corporation.
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Purchases of commercial paper may not exceed 25 percent of the Authority’s investment portfolio.
9. Medium-term notes, defined as all corporate and depository institution debt securities with a
maximum remaining maturity of five years or less, issued by corporations organized and operating within the United States or by depository institutions licensed by the U.S. or any state and operating within the United States. Medium-term corporate notes shall be rated in a rating category "A" or its equivalent or better by a NRSRO.
Purchase of medium-term corporate notes may not exceed 30 percent of the Authority’s investment portfolio.
10. FDIC insured or fully collateralized time certificates of deposit in financial institutions
located in California. 11. Negotiable certificates of deposit issued by a nationally or state-chartered bank, a savings
association or a federal association, a state or federal credit union, or by a federally licensed or state-licensed branch of a foreign bank; provided that the senior debt obligations of the issuing institution are rated in a rating category of "A" (long-term) or A-1 (short-term), the equivalent, or better by a NRSRO. Purchase of negotiable certificates of deposit may not exceed 30 percent of the Authority’s investment portfolio.
12. State of California’s Local Agency Investment Fund.
The LAIF portfolio should be reviewed periodically.
13. Insured savings account or money market account
14. Shares of beneficial interest issued by diversified management companies that are money
market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940, investing in the securities and obligations authorized by sections (a) to (k), inclusive, and subdivisions (m) to (q), inclusive, of Government Code section 53601. To be eligible for investment pursuant to this subdivision these companies shall either: (1) attain the highest ranking letter or numerical rating provided by not less than two NRSROs or (2) have an investment advisor registered or exempt from registration with the Securities and Exchange Commission with not less than five years experience investing in securities and obligations authorized by Government Code Section 53601 and with assets under management in excess of $500,000,000.
The purchase price of shares shall not exceed 15 percent of the investment portfolio of the Authority.
15. Shares of beneficial interest issued by a joint powers authority organized pursuant to Section
6509.7 that invests in the securities and obligations authorized in subdivisions (a) to (q), inclusive. Each share shall represent an equal proportional interest in the underlying pool of securities owned by the joint powers authority. To be eligible under this section, the joint powers authority issuing the shares shall have retained an investment adviser that meets all of the following criteria: (1) The adviser is registered or exempt from registration with the
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Securities and Exchange Commission. (2) The adviser has not less than five years of experience investing in the securities and obligations authorized in subdivisions (a) to (q), inclusive. (3) The adviser has assets under management in excess of five hundred million dollars ($500,000,000).
16. United States dollar denominated senior unsecured unsubordinated obligations issued or
unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank, with a maximum remaining maturity of five years or less, and eligible for purchase and sale within the United States. Investments under this subdivision shall be rated in a rating category of “AA,” its equivalent or better by an NRSRO.
The purchase of securities authorized by this subdivision shall not exceed 30 percent of the of the investment portfolio of the Authority.
17. A mortgage pass through security, collateralized mortgage obligation, mortgage-backed or other pay-through bond, equipment lease-backed certificate, consumer receivable pass through certificate, or consumer receivable-backed bond. Securities eligible for investment under this subdivision shall be rated in a rating category of "AA" or its equivalent or better by an NRSRO and have a maximum remaining maturity of five years or less.
The purchase of securities authorized by this subdivision shall not exceed 20 percent of the investment portfolio of the Authority.
Credit criteria listed in this section refers to the credit of the issuing organization at the time the security is purchased.
X. Maximum Maturity
Investment maturities shall be based on a review of cash flow forecasts. Maturities will be scheduled so as to permit the Authority to meet all projected obligations. The maximum maturity will be no more than five years from purchase date to maturity date, unless otherwise noted above in section IX.
XI. Diversification
The Authority will diversify its investments by security type and institution. With the exception of U.S. Treasury securities, U.S. Agency Obligations and authorized pools (e.g. LAIF), no more than 5% of the Authority’s total investment portfolio will be invested in a single issuer. The diversification requirements of the portfolio apply at time of purchase.
XII. Reporting Requirements
Monthly investment reports shall be submitted to the Authority’s Treasurer. The reports shall include, at a minimum, the following information for individual investment:
• Description of investment instrument • Interest rate or yield to maturity • Purchase date
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• Maturity date • Purchase price • Par value • Current market value for securities with maturity greater than 12 months • Discount or premium, if any • Accrued interest paid at purchase, if any • Accrued interest to date • Portfolio average maturity • Overall portfolio yield based on cost In addition, the Treasurer shall submit a monthly report of transactions to the legislative body.
XIII. Safekeeping and Custody
The assets of the Authority shall be secured through third-party custody and safekeeping procedures. Bearer instruments shall be held only through third-party institutions. Collateralized securities such as repurchase agreements shall be purchased using the delivery vs. payment procedure.
Page 31 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 8.2
DISCUSSION/ACTION ITEMS SUBJECT: WC & GL/Property Programs Dividend Distribution Review
BACKGROUND AND STATUS: Every year, the CAPRI Board of Directors reviews the overall financial position of each of the programs to determine if it is appropriate to declare dividends to the membership. Last year, the Board decided not to declare a dividend for the WC Program. In fact, the Board has not declared a dividend for the WC program since 2014. See below. Fiscal Year Dividend Issued? Amount?
2014-2015: Yes $300,000
2015-2016: No N/A
2016-2017: No N/A
2017-2018: No N/A
2018-2019: No N/A
Last year, the Board decided to declare a dividend for the GL & Property program in the amount of $250,000. That marked the fourth consecutive year in which dividends were distributed. See below five-year history of dividends in the program. Fiscal Year Dividend Issued? Amount?
2014-2015: No N/A
2015-2016: Yes $325,000
2016-2017: Yes $300,000
2017-2018: Yes $275,000
2018-2019: Yes $250,000
At the September 18th Board Meeting, the Board voted to defer the consideration of all dividends to the November 22, 2019 CAPRI Board of Directors Meeting.
Page 32 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
The Personnel Committee met on October 15, 2019 and considered potential dividend distributions in addition to a potential multi-program discount. The Committee then directed Staff to bring a premium breakdown demonstrating how much a multi-program discount would impact the members. Consistent with that direction and as part of that analysis, Staff has researched how much CAPRI has typically “spent” on discounts and dividends since both are member benefits calculated post-funding. This analysis was important in order to determine how much CAPRI has historically “returned” to its members. In so doing, Staff has prepared a comprehensive proposal that addresses how the multi-program discount could be structured in conjunction with its other offerings to best serve the organization. Analysis: Each budget cycle, the CAPRI Board sets a target funding level in order to cover all expected losses plus claims management costs. That amount (plus excess costs) then becomes the approximate gross revenue that CAPRI will receive for the upcoming fiscal year (not including investment revenue or subrogation claims). However, every year CAPRI returns a portion of that revenue to its members by way of Safety Credits and Dividends. This “Revenue Return” is an important membership benefit that contributes toward member satisfaction and ensures the lowest possible net premiums. The below represents a summary of the past four years of Revenue Return for the members: 2016-2017 2017-2018 2018-2019 2019-2020
Total Target Funding Amount $8,494,348.00 $9,175,449.00 $9,874,303.00 $11,284,316.00
Less Dividends ($300,000.00) ($275,000.00) ($250,000.00) ($0.00)
Less Safety Credit ($142,017.00) ($154,620.00) ($206,027.00) ($309,529.00)
= Actual Funding Amount $8,052,331.00 $8,745,829.00 $9,418,276.00 $10,974,787.00
Total Revenue Returned $442,017.00 $429,620.00 $456,027.00 $309,529.00
Total Percentage Returned
5.4% 4.8% 4.8% 2.8%
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California Association for Park & Recreation Indemnity
November 22, 2019
Notably, the Board has not yet determined whether issuance of dividends is appropriate this fiscal year so the 2019-2020 amount of Revenue Returned could change based upon Board action. In any event, the amount of revenue returned to the members has historically been between 10-15% of the member premiums collected. Having considered past historical practices for “rewarding” the membership, the Board should next determine the most impactful manner of returning revenue. To that point and based upon the current climate in the industry, Staff’s recommendation is that the organization focus its efforts on member retention. Foremost, to accomplish that goal, Staff believes a “Membership Loyalty Discount” that rewards multi-program participants is the most effective tool to compete in the marketplace. The benefits of such a strategy include rewarding those that are “all in” with lower premiums and adding another variable in the analysis should a member consider leaving a CAPRI program. However, the addition of a Membership Loyalty Discount does not have to be to the detriment of the Dividends. Rather, Staff recommends that the Revenue Return place less weight on “Safety Credits,” thereby freeing up resources to continue the issuance of healthy dividend checks. For example, if CAPRI committed to a 4% Membership Loyalty Discount and up to 1% for Safety Credits for each program it would still be committing a total 5% of its “gross revenue” to the Revenue Return. This would be consistent with historic funding practices and continue to allow, as appropriate, for the Board to supplement those discounts/credits with Dividends for the membership. There are currently 63 Members in CAPRI program. The GL& Property program has 61 members. The WC Program has 57 members. The proposed Membership Loyalty Discount would apply to 55 members, and would not include the following 8 members: GL ONLY
• Almanor • Auburn • Honey Lake • North County • Rim • Silverado
WC ONLY
• Desert • Southgate
Page 34 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Board’s Options: Staff is presenting the Board with three (3) options for consideration at the Board Meeting.
1. No Change – a. Maintain Current Discount Program & b. No Dividends
2. Issue Dividends – a. Maintain Current Discount Program & b. $250,000 WC Dividend
3. Revise Revenue Return System – a. Modify Discount System for 2020-2021 & b. Consider one of the following:
i. No Dividends, or ii. No Dividends, but apply monies toward another purpose, or iii. $250,000 WC Dividend, or iv. One-Time $250,000 “Premium Refund” for Current WC Members
participating in both programs RECOMMENDATION: Direct Staff to implement a revised Discount Program that accounts for a multi-program participation in both programs for Fiscal Year 2020-20201 and whether or not to issue dividends in the amount of $250,000. FISCAL IMPACT: Fiscal impact is dependent upon Board action as outlined above. REFERENCE MATERIALS ATTACHED:
• Member Dividend Allocation based upon hypothetical $250,000 GL & Property Dividend
• Member Dividend Allocation based upon hypothetical $250,000 WC Dividend • Premium Breakdown under Current Discount Program • Premium Breakdown under Proposed 4% Loyalty Discount & 1% Safety Credit (GL
& Property) • Premium Breakdown under Proposed 4% Loyalty Discount & 1% Safety Credit (WC) • Comparison of Total Premiums (Current vs. Proposed)
Page 35 of 129
CAPRI
Dividend Allocation by District
For Fiscal Year 2002-2003 2002-2003
Proposed for 2019/2020 Year Declared
Declared Dividend
Liability 250,000
RECREATION & PARK
DISTRICTS NET
Almanor 3,414$ 0.2% 440
Ambrose 25,261 1.3% 3,255
Apple Valley - 0.0% -
Arcade Creek 10,823 0.6% 1,395
Arden Manor 10,592 0.5% 1,365
Arden Park 8,741 0.5% 1,126
Auburn Area 40,547 2.1% 5,225
Bear Mountain 18,169 0.9% 2,341
Bear River 4,888 0.3% 630
Beaumont-Cherry Valley 13,763 0.7% 1,774
Belvedere-Tiburon Joint Recre - 0.0% -
Boulder Creek 5,697 0.3% 734
Buttonwillow 5,222 0.3% 673
Calwa - 0.0% -
Carmichael 53,967 2.8% 6,954
Central Plumas 9,591 0.5% 1,236
Chico Area - 0.0% -
Coachella Valley - 0.0% -
Coalinga-Huron 32,000 1.6% 4,124
Conejo Recreation & Park Dist - 0.0% -
Cordova 74,974 3.9% 9,661
Dunsmuir 6,387 0.3% 823
Durham 11,274 0.6% 1,453
Fair Oaks 25,436 1.3% 3,278
Feather River - 0.0% -
Fulton-El Camino 33,502 1.7% 4,317
Georgetown Divide - 0.0% -
Greater Vallejo 71,914 3.7% 9,267
Hayward Area 273,559 14.1% 35,251
Hesperia 52,856 2.7% 6,811
Highlands 10,940 0.6% 1,410
Honey Lake Valley Recreation - 0.0% -
Isla Vista 14,332 0.7% 1,847
Jurupa Area 32,638 1.7% 4,206
Ladera 6,704 0.3% 864
Lake Cuyamaca 14,357 0.7% 1,850
Ortega Trail - 0.0% -
La Selva Beach 5,361 0.3% 691
Livermore Area 144,095 7.4% 18,568
McFarland 19,213 1.0% 2,476
Mendocino Coast 12,451 0.6% 1,604
Mission Oaks 30,160 1.6% 3,886
Monte Rio 6,417 0.3% 827
Mount Shasta 17,203 0.9% 2,217
North of the River 135,026 7.0% 17,400
North County 13,570 0.7% 1,749
North Highland 28,542 1.5% 3,678
Orangevale 29,810 1.5% 3,841
Paradise 21,761 1.1% 2,804
Pleasant Hill 63,827 3.3% 8,225
Pleasant Valley 72,804 3.8% 9,382
Rancho Simi 165,103 8.5% 21,275
Rim of the World 14,584 0.8% 1,879
Rio Linda-Elverta 13,567 0.7% 1,748
Russian River 5,715 0.3% 736
Shafter 12,029 0.6% 1,550
Silverado-Modjeska 6,695 0.3% 863
Soledad Mission 6,613 0.3% 852
Southgate - 0.0% -
Strawberry 13,703 0.7% 1,766
Sunrise 92,338 4.8% 11,899
Tehachapi Valley 15,914 0.8% 2,051
Truckee-Donner 46,508 2.4% 5,993
Tuolumne 5,563 0.3% 717
Valley Wide 50,972 2.6% 6,568
Wasco 11,544 0.6% 1,488
Weed 7,425 0.4% 957
West Side - 0.0% -
Western Gateway - - -
1,940,061$ 100% 250,000
Page 36 of 129
CAPRI
Dividend Allocation by District
For Fiscal Year 2006-2007 2006-2007
Proposed for 2019/2020 Year Declared
Declared Dividend
Workers Comp 250,000
RECREATION & PARK
DISTRICTS NET
Ambrose Recreation & Park Distric 62,564$ 1.9% 4,647
Arcade Creek Recreation & Park D 10,791 0.3% 801
Arden Manor Recreation & Park Dis 8,835 0.3% 656
Arden Park Recreation & Park Dist 13,342 0.4% 991
Bear Mountain Recreation & Park D 26,711 0.8% 1,984
Beaumont-Cherry Valley Recreatio 16,747 0.5% 1,244
Ca Association of Parks & Rec. Ins 6,829 0.2% 507
Carmichael Recreation & Park Dist 82,431 2.4% 6,123
Central Plumas Recreation District 6,743 0.2% 501
Desert Recreation & Park District 188,821 5.6% 14,025
Coalinga Huron Recreation & Park 15,525 0.5% 1,153
Cordova Recreation & Park District 143,257 4.3% 10,640
Durham Recreation & Park District 21,003 0.6% 1,560
Fair Oaks Recreation & Park Distric 23,151 0.7% 1,720
Fulton-El Camino Recreation & Par 46,835 1.4% 3,479
Greater Vallejo Recreation District 120,603 3.6% 8,958
Hayward Area Recreation & Park D 542,363 16.1% 40,284
Hesperia Recreation & Park Distric 97,502 2.9% 7,242
Highlands Recreation & Park Distri 30,790 0.9% 2,287
Isla Vista Recreation & Park Distric 21,173 0.6% 1,573
Jurupa Area Recreation & Park Dis 22,190 0.7% 1,648
Ladera Recreation District 11,116 0.3% 826
Livermore Area Recreation & Park 364,370 10.8% 27,063
McFarland Recreation and Park Dis 10,046 0.3% 746
Mendocino Coast Recreation & Par 24,694 0.7% 1,834
Mission Oaks Recreation & Park D 52,565 1.6% 3,904
North of the River Recreation & Pa 227,584 6.8% 16,904
North Highlands Recreation & Park 40,144 1.2% 2,982
Orangevale Recreation & Park Dist 34,728 1.0% 2,579
Paradise Recreation & Park District 39,815 1.2% 2,957
Pleasant Hill Recreation & Park Dis 83,802 2.5% 6,224
Pleasant Valley Recreation & Park 157,642 4.7% 11,709
Rancho Simi Recreation & Park Dis 302,266 9.0% 22,451
Rio Linda/Elverta Recreation & Par 33,733 1.0% 2,505
Russian River Recreation & Park D 7,143 0.2% 531
Shafter Recreation & Park District 5,078 0.2% 377
Southgate Recreation & Park Distri 160,310 4.8% 11,907
Strawberry Recreation District 19,082 0.6% 1,417
Sunrise Recreation & Park District 124,954 3.7% 9,281
Tehachapi Valley Recreation & Par 16,516 0.5% 1,227
Truckee-Donner Recreation & Park 62,213 1.8% 4,621
Valley Wide Recreation & Park Dis 56,232 1.7% 4,177
Wasco Recreation & Park District 6,505 0.2% 483
West Side Recreation & Park Distri 17,155 0.5% 1,274
3,365,899$ 100% 250,002$
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California Association For Parks and Recreation Indemnity
California Association For Parks and Recreation Indemnity
Current Combined vs. Proposed Discount Program Combined2019-2020
Total Proposed Actual Discount %
District Premium Program DIFFERENCE DIFFw/Safety Credit ( - Number equals
savings to District)1 Almanor $3,871.86 $4,155.03 $283.17 7%2 Ambrose $70,916.94 $68,519.70 -$2,397.24 -3%3 Arcade Creek $63,114.38 $61,110.65 -$2,003.73 -3%4 Arden Manor $31,736.38 $30,421.85 -$1,314.53 -4%5 Arden Park $30,037.49 $29,841.40 -$196.09 -1%6 Auburn Area $102,380.71 $108,601.02 $6,220.31 6%7 Bear Mountain $39,253.26 $38,017.10 -$1,236.16 -3%8 Bear River $7,765.33 $7,436.75 -$328.58 -4%9 Beaumont-Cherry Valley $69,801.87 $68,828.45 -$973.42 -1%
10 Belvedere-Tiburon $30,599.68 $29,070.00 -$1,529.68 -5%11 Boulder Creek $16,611.38 $15,780.45 -$830.93 -5%12 Button Willow $22,541.43 $21,413.95 -$1,127.48 -5%13 CAPRI $12,847.42 $12,204.65 -$642.77 -5%14 Carmichael $208,671.99 $203,682.85 -$4,989.14 -2%15 Central Plumas $15,942.56 $15,627.50 -$315.06 -2%16 Coalinga-Huron $84,023.38 $80,427.00 -$3,596.38 -4%17 Conejo $341,904.11 $331,848.30 -$10,055.81 -3%18 Cordova $465,488.84 $454,494.25 -$10,994.59 -2%19 Desert $184,578.00 $182,732.22 -$1,845.78 -1%20 Dunsmuir $12,977.30 $12,636.90 -$340.40 -3%21 Durham $48,084.47 $46,726.70 -$1,357.77 -3%22 Fair Oaks $175,855.89 $170,973.40 -$4,882.49 -3%23 Fulton-El Camino $168,189.86 $164,673.95 -$3,515.91 -2%24 Greater Vallejo $350,807.19 $345,016.25 -$5,790.94 -2%25 Hayward Area $1,595,730.92 $1,562,982.75 -$32,748.17 -2%26 Hesperia $251,916.41 $245,957.85 -$5,958.56 -2%27 Highlands $95,176.36 $95,513.00 $336.64 0%28 Honey Lake $10,709.03 $10,601.91 -$107.12 -1%29 Isla Vista $73,599.68 $71,994.80 -$1,604.88 -2%30 Jurupa Area $153,263.06 $149,295.35 -$3,967.71 -3%31 Ladera $19,811.54 $19,892.05 $80.51 0%32 Lake Cuyamaca $53,644.15 $50,961.80 -$2,682.35 -5%33 La Selva $7,450.34 $7,446.25 -$4.09 0%34 Livermore Area $899,480.97 $889,361.50 -$10,119.47 -1%35 McFarland $71,357.18 $67,789.15 -$3,568.03 -5%36 Mendocino $84,761.90 $84,757.10 -$4.80 0%37 Mission Oaks $128,959.15 $127,642.00 -$1,317.15 -1%38 Monte Rio $22,934.46 $22,215.75 -$718.71 -3%39 Mt. Shasta $37,324.65 $36,510.40 -$814.25 -2%40 North County $29,496.81 $29,202.03 -$294.78 -1%41 North Highlands $100,817.83 $98,213.85 -$2,603.98 -3%42 North of the River $676,927.37 $660,512.20 -$16,415.17 -2%43 Orangevale $95,330.61 $93,463.85 -$1,866.76 -2%44 Paradise $99,130.45 $96,978.85 -$2,151.60 -2%45 Pleasant Hill $312,664.26 $309,879.55 -$2,784.71 -1%46 Pleasant Valley $382,113.42 $372,323.05 -$9,790.37 -3%47 Rancho Simi $1,212,464.48 $1,182,685.40 -$29,779.08 -2%48 Rim of the World $32,422.15 $32,097.78 -$324.37 -1%49 Rio Linda $60,096.30 $57,941.45 -$2,154.85 -4%50 Russian River $15,264.95 $14,501.75 -$763.20 -5%51 Shafter $28,069.64 $26,666.50 -$1,403.14 -5%52 Silverado-Modjeska $9,715.81 $9,739.62 $23.81 0%53 Soledad-Mission $23,893.23 $22,698.35 -$1,194.88 -5%54 Southgate $243,500.00 $241,065.00 -$2,435.00 -1%55 Strawberry $62,761.05 $59,622.95 -$3,138.10 -5%56 Sunrise $395,000.68 $388,502.50 -$6,498.18 -2%57 Tehachapi-Valley $62,824.34 $61,325.35 -$1,498.99 -2%58 Truckee-Donner $373,947.15 $365,251.25 -$8,695.90 -2%59 Tuolumne $10,366.61 $9,848.65 -$517.96 -5%60 Valley-Wide $321,645.74 $316,228.40 -$5,417.34 -2%61 Wasco $33,020.40 $32,160.35 -$860.05 -3%62 Weed $41,814.40 $40,363.60 -$1,450.80 -3%63 Western Gateway $9,730.58 $9,244.45 -$486.13 -5%64 West Side $133,977.11 $131,034.45 -$2,942.66 -2%
Totals $10,831,116.90 $10,608,713.16 -$222,403.74
Page 41 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 8.3
DISCUSSION/ACTION ITEMS SUBJECT: ADA Assessment Results Review
BACKGROUND AND STATUS: CAPRI encourages all of its members to provide equal access to all recreation programs, services, and activities in accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA") and Section 504 of the Rehabilitation Act of 1973 ("Section 504"). Consistent therewith, this Board has considered contracting with an ADA accessibility consultant in order to ensure compliance and help facilitate the development of updated Transition Plans for CAPRI Members. History: In August 2018, the Board considered a group purchase discount for CAPRI members seeking to obtain an ADA Transition plan with Disability Access Consultants (“DAC”). At the time, the Board directed Staff to further investigate and report back to the Board with its findings. In March 2019, the Board reviewed a cost proposal from DAC and tabled the item with direction to Staff to assess the demand and need for such a program. The item returned for consideration at the May 2019 Meeting and the Board directed Staff and CAPRI’s counsel to enter into negotiations with DAC for a contract that contemplated ADA Compliance assessments for the membership. In July 2019, Staff presented a proposal from DAC to conduct a pool-wide compliance assessment that would be at no cost provided there was sufficient participation from the membership. The Board the moved to authorize execution of such an agreement. Compliance Assessment Program: In August 2019, CAPRI announced the introduction of the ADA Assessment Program and solicited participation from the membership. Approximately 25 districts registered for the program and DAC has been conducting telephonic diagnostics since October. Tim Mahoney with DAC will be attending the November 22, 2019 Board Meeting and will be prepared to discuss the results of its initial Assessments conducted to date.
Page 42 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Next Steps: Based upon the results of the Initial Assessments conducted by DAC, Staff requests the Board consider providing direction to Staff (1) to negotiate a contract with DAC to conduct as many as four Regional Trainings in 2020 and (2) to develop a discount/reimbursement program for those members with an approved Self-Evaluation and Transition Plan. RECOMMENDATION: Based upon results of ADA Compliance Assessment, direct Staff to (1) negotiate terms of a contract with DAC that provides for a discount and/or reimbursement program for member Transition Plans and (2) return with said proposed terms for Board consideration in February 2020. FISCAL IMPACT: The fiscal impact is dependent upon direction provided to Staff and the level of investment the Board considers appropriate. REFERENCE MATERIALS ATTACHED:
• ADA Compliance Assessment Flyer
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FREE ADA COMPLIANCE ASSESSMENT
Available to CAPRI Members for a LIMITED Time Only…
RESERVE YOUR SPACE NOW!
REGISTER BY FRIDAY, SEPTEMBER 20, 2019
As part of an ongoing effort to ensure access to all of our members’ programs and facilities, CAPRI has partnered with Disability Access Consultants (“DAC”) to offer FREE initial ADA Compliance Assessments for each and every one of our Districts. The assessment will consist of a one-on-one phone call to determine your District’s current level of ADA compliance in accordance with Title II of the ADA, Section 504 of the Rehabilitation Act of 1973, and Title 24 of the California Building Code. Your District will benefit from this initial assessment by:
Receiving a preliminary evaluation of District programs, services, activities,policies, procedures, and practices;
Learning about low cost activities for compliance; and Asking a certified accessibility specialist technical questions regarding ADA,
Title 24 of the CBC, or related accessibility standards.
This is a unique opportunity to speak with an expert in the industry and your District cannot afford to miss out. However, space is limited. Register for a telephonic assessment by September 20, 2019 to reserve your District’s spot.
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 8.4
DISCUSSION/ACTION ITEMS SUBJECT: District Visitation Criteria & Scoring System Review
BACKGROUND AND STATUS: The purpose of the District Visitation Program is to provide direct risk management support for our member districts. The CAPRI Visitation Program has been an ongoing program for nearly thirty years and serve to provide Staff with an opportunity to meet individually with members and provide one-on-one training to discuss District strengths, weaknesses, opportunities, and threats with respect to risk management. The Visitation Criteria is reviewed at the end of each cycle to evaluate the benefits of the criteria and make any necessary adjustments before starting the next cycle. As we now approach the end of Cycle XVI, Staff again submits the attached criteria and scoring system for the Board’s review and discussion. RECOMMENDATION: Review the current District Visit Criteria and scoring system and provide direction to Staff for any revisions to consider at the November Board Meeting. FISCAL IMPACT: No impact anticipated. REFERENCE MATERIALS ATTACHED:
• Current District Visitation Criteria w/redline revisions • Current District Visit Scoring System w/ redline • Proposed District Visit Scoring System
Page 45 of 129
DISTRICT VISITATION CYCLE XVII
The District Visitation Program emphasizes risk management, loss prevention, and employment practices and is a unique opportunity for the members to share and learn from the success of other recreation and park districts around the State. CAPRI does not perform “surprise” visits. An appointment is made at least three weeks before a visit takes place. It is not our intention to surprise you with the material that will be reviewed with you. In abbreviated form, these are the items we will be evaluating during the upcoming visitation:
Follow-Up Items From the previous visit, if the district had any recommendations that they are completed. If there were no recommendations it will be noted. SAFETY COMMITTEE A well-functioning District Safety Committee should meet no less than on a quarterly basis, with minutes of the meetings sent to CAPRI within 30 days of the meeting. The committee members should include representatives from each department within the District. Well-developed safety committees do more than identify and correct hazards and unsafe conditions; they follow through on those corrections and document the results in their committee minutes. They inspect District sites, review, and evaluate the results of the site and facility inspection reports. They include within their minutes, documentation of the District’s safety training and planning, all efforts to identity the root cause of the employee or patron accident or near miss, and the steps taken to prevent a similar occurrence. The safety committee minutes should accurately reflect the depth of discussion on all issues reviewed during the meeting. The District is currently using provided safety training to help reduce or eliminate accidents from occurring. INSPECTION AND MAINTENANCE A key tool in identifying hazards is a regularly scheduled inspection program. The most effective inspection programs utilize inspection forms that are site-specific and designed to meet the specific needs of the site being reviewed. The inspection form should be able to document corrections that are completed by the inspector at the time of the inspection as well as repairs made at a later date. When a hazardous condition is identified, and a repair cannot be immediately made, the inspection form should provide a means to document the steps taken to protect the public and employees from the hazard. As an official document the inspection form should identify the date of the inspection and be signed or initialed by the individual conducting the inspection. The inspection process provides a clear paper trail documenting when the need for repair was first identified and the date the repair was completed. Inspection forms should always be dated and signed or initialed. The inspection form should also be reviewed by a supervisor and signed and dated showing it had been reviewed.
Page 46 of 129
SCREENING AND REVIEW The district should have on file a copy of employees current and valid driver’s license as well as a copy of the personal insurance card. The District should establish a means for dealing with a driver who loses his/her license or who’s driving behavior becomes unacceptable. Personal insurance information should be current for all employees who operate their personal vehicles on District business. Motor vehicle reports (MVRs) should be current for all individuals who drive District vehicles or use their personal vehicles on District business. The District should be able to demonstrate their compliance with Public Resource Code § 5164 (PRC 5164), by having all prospective employees and volunteers fill out a background questionnaire, having all individuals who would work or supervise minors fingerprinted, and the prints sent to the Department of Justice for a background check. Public agencies shall not hire staff or volunteers to work with minors if they have been convicted of certain crimes outlined in PRC 5164. Districts comply with by Senate Bill 1343. SB 1343 requires all employers based in California (with at least 5 employees) to provide sexual harassment prevention training to all employees, not just supervisors. Provide a minimum of two (2) hours of training to all supervisory employees. Non-supervisory employees are required to take a minimum of one (1) hour of training. AMERICANS WITH DISABILITIES ACT (ADA) The District has a Coordinator for ADA and Section 504. Section 504 is a civil rights law that prohibits discrimination against individuals with disabilities. The District is demonstrating progress toward making its sites, facilities, and programs accessible to all people. The District has a current conducted a self-assessment within the last five years and from and has a Transition Plan in place and to prioritize their compliance needs and committed to an implementation plan that can be completed within a reasonable time period. The Coordinator verifies the District’s website is ADA accessible. The district has shown improvements to ADA accessibility since last visit. The District has established procedures for entering a good-faith interactive discussion when the need is indicated. The District has a Grievance Policy and Procedure in place. The District has evidence of completion of an ADA upgrade completed within the last 24 months based on self-assessment list as indicated on their transitional plan. INJURY AND ILLNESS PREVENTION PROGRAM The District has an IIPP and person responsible for implementing the program identified. Districts with ten (10) or more employees should have a written Injury and Illness Prevention Program (IIPP). Districts with less than ten (10) employees can demonstrate compliance with the requirements of the IIPP without a written program. To comply the Districts must identify an individual or position to be responsible for implementing their program. There should be systems in place for identifying, evaluating, reporting, and when necessary, correcting workplace hazards and unsafe conditions. The District has an active safety and training program. The District has established a means for reporting unsafe/unhealthy conditions without fear of reprisal, with established methods to ensure employee compliance with safe and healthy work practices. The District has documentation evidencing a review of their program at least annually.
Page 47 of 129
WAIVER AND RELEASE FORMS Waiver and release forms are used for all activities that require registration. Waiver and release forms use CAPRI-approved language and are printed in correct typeface. These forms are used for all District programs that require registration. Waivers include a description of the class or activity and the period of that activity. Forms are signed by the participant or by a minor participant’s parent or guardian. FACILITY USE AGREEMENT Facility use agreements incorporate CAPRI-approved language. The District has standards of when to require liability insurance from renters and users. When insurance is required, the District obtains an additional insured endorsement. PARKS AND FACILITIES District parks and facilities evidence good care and maintenance. Parks are well maintained and free of graffiti and trip and fall hazards. Park structures are in good condition. Playground equipment is well maintained and in good working and functioning condition. Fill/Fall material has been recycled, refilled or turned over in the past 30 days and is suitable depths. DISTRICT POOLS Pools are adequately staffed for the number of pool users. District Lifeguards have received appropriate training and are properly certified. Pool facilities should be well maintained and in good condition. Daily log of water condition, including temperature, PH balance, water movement, and amount of chemicals added per day. Pool has fully stocked First Aid kit and AED with operational ADA lift. Pool pump room should clean, neat, and well maintained. Water clarity should be at appropriate levels. EMPLOYEE ENTRANCE MEDICAL EXAMINATIONS All new, full-time hires are given a post-offer, preemployment medical exam after all background checks have been completed. Candidates are informed that the offer of employment is conditional, based on a satisfactory medical exam. Results of these exams are kept in a confidential file separate from the employees’ personnel files. JOB DESCRIPTIONS Clear, current job descriptions exist for all full-time and regular part-time positions. Job descriptions include the essential functions and physical requirements of the position. VOLUNTEERS The District Management maintains a log of all volunteers. District personnel supervise how, when, and where the volunteer services are performed. Volunteers receive appropriate health and safety training. Volunteers complete an application prior to being accepted to volunteer. District requires CAPRI-approved Waiver and Release forms from each volunteer.
Page 48 of 129
LIFE SAFETY The District has an Emergency Action Plan (EAP) in writing and regularly practiced by the entire staff per California Code of Regulations, Title 8, Section 3220 and 3221. If the District has less than 10 employees, the plan may be communicated orally to employees and the employer need not maintain a written plan. District Material Safety Data Sheets (MSDS) are current, readily available, and organized in such a manner that, in emergency, first-aid information can be easily found. Fire extinguishers are properly charged and tagged. First-aid kits are stocked and readily available at all appropriate job sites per California Regulation Title 8 CCR Section 3400 and 1512. Districts have completed a PPE assessment conducted through a written certification process under CCR 3380. Emergency lights are in good working order. Emergency exits are clearly identified and free of obstacles. The District has developed emergency evacuation plans and conducts safety drills at least annually.
Legal/Employment District has Employment Counsel or uses CAPRI’s Labor Law/Employment Services.
If you have any questions about the criteria, or any other aspect of risk management and self-insurance, please call the CAPRI office.
California Association for Park and Recreation Indemnity
6341 Auburn Boulevard, Suite A Citrus Heights, California 95621-5203
1. __________ Complied with recommendations from prior visitations. If no recommendations than fulfilled requirements. 1 pt.
B. District Safety Committee __________
2. __________ Meetings are held at no less than on a quarterly basis and minutes are timely sent to CAPRI within 30 days of the meeting date. 3 pts.
3. __________ Membership representative of operations. 1 pt. 4. __________ Discussions involve a wide-range of training and safety topics. 1 pt. 5. __________ Facilities inspections reviewed by the committee on a regular basis. 1 pt. 6. __________ Near Misses/Post-loss analysis of patron and employee accidents. 1 pt. 7. __________ Evidence of follow-through on suggested action items. 1 pt. 8. __________ District is actively addressing issues that have resulted in claims occurring. 1 pt. 9. __________ Minutes accurately reflect discussions of agenda items. 1 pt. 10. __________ District is currently using the provided safety training.
(IE Target Solutions, CAPRI Safety Videos and Webinars/Workshops) 3 pt. C. Inspection and Maintenance Program __________
11. __________ Regularly scheduled inspection system. 3 pts. 12. __________ Inspection forms are site and use specific. 1 pt. 13. __________ All repairs are documented. 3 pts. 14. __________ Form signed and dated. 1 pt. 15. __________ All forms reviewed by a supervisor and signed off. 1 pt.
D. Screening and Review __________ 16. __________ Information on personal auto insurance current and complete. 3 pts.
17. __________ MVRs complete and current and reviewed by District management. 1 pt. 18. __________ Written procedure for unacceptable MVRs or loss of license. Policy is communicated. 1 pt. 19. __________ Supervisors have received required sexual harassment training and has completion certificate
on file as required under SB 1343. 3 pts. Districts complies with SB 1343. 3 pts 20. __________ PRC 5164 documentation. Fingerprints and screening questionnaires. 3 pts. 21. __________ District has current copy of valid California Driver’s License on file if employee drives on District
Business. 1 pt. E. ADA Implementation __________
22. __________ District has a Coordinator for ADA and Section 504. 1 pt. 23. Self-assessment completed within the last five years (transition plan). 3 pts. 24. Coordinator verifies District’s website is ADA accessible. 1 pt.
Self Assessment and Transition Plan in place. 3 Pts. 25. __________ Written prioritization and implementation plan. 1 pt. 26. __________ District is actively taking steps to improve ADA accessibility. 1 pt. 27. __________ Established procedures for good-faith interactive discussion if reasonable accommodation is
indicated. 1 pt. Grievance Policy and Procedure in place. 1 pt.
28. __________ District has evidence of completion of an ADA upgrade completed within the last 24 months based on self-assessment list and as indicated on their transitional plan. 1 pt.
F. IIPP Implementation __________ 29. __________ The District has an IIPP and a person responsible for implementing the program is identified. 1 pt. 30. __________ Established system for identifying, evaluating, and correcting workplace hazards and unsafe
conditions. 1 pt. 31. __________ District has an active safety and training program. 1 pt. 32. __________ District has a policy for reporting work site hazards without fear of reprisal. 1 pt. 33. __________ System in place to ensure employee compliance with safe and healthy work practices. 1 pt. 34. __________ Evidence of annual review. 1 pt.
Page 50 of 129
G. Participant Waiver and Release Forms __________ 35. __________ CAPRI-approved Waiver and Release forms for all activities where registration is required. 3 pts. 36. __________ Form accurately describes name and timeframe of activity. 3 pts.
H. Facilities Use Agreement __________
37. __________ District’s Facilities Use Agreement contains CAPRI-approved indemnification language. 3 pts. 38. __________ District has standards when to require agreement and when to require liability insurance. 1 pt. 39. __________ When insurance required, user provides a certificate. 1 pt.
I. Parks and Facilities ___________
40. __________ Facilities evidence good care and maintenance. 1 pt. 41. __________ Parks are well maintained and free of trip and fall hazards. 1 pt. 42. __________ Park structures are in good condition. 1 pt. 43. __________ Playground equipment is in good working and functioning condition. 1 pt. 44. __________ Fill material in playground area has been recycled, refilled or turned over in the past 30 days and appear to
meet the standard depth. 1 pt. J. Pools __________
45. __________ Pool(s) are adequately staffed for the number of pool users. 1 pt. 46. __________ Lifeguards have received appropriate training and are properly certified. 1 pt. 47. __________ Pool facility is well-maintained and in good condition. 1 pt. 48. __________ Water clarity and balance are at appropriate levels. 1 pt. 49. __________ Daily log of water condition which includes temperature, PH balance, movement and amount of
chemicals added for that day. 1 pt. 50. __________ Pool has appropriate and fully stocked First Aid Kit and AED. 1 pt. 51. __________ Pool has operational ADA lift on deck or near. 1 pt.
K. Entrance Medical Examination __________
52. __________ Post-offer Preemployment Medical Examinations are required for all full-time employees. 1 pt. 53. __________ Candidates are informed that offer is conditional, based upon satisfactory exam. 1 pt. 54. __________ Medical exam is not initiated until all background checks have been completed. 1 pt. 55. __________ Results of exams maintained in a manner that protects the employee’s privacy. 1 pt.
L. Job Descriptions __________
56. __________ Clear, current job descriptions exist for all full-time and regular part-time positions. 3 pts. 57. __________ Job descriptions clearly identify the essential functions necessary to perform the job. 3 pts.
M. Volunteers __________
58. __________ Management maintains a log of Volunteer log is maintained for all volunteers. 3 pts. 59. __________ District Personnel supervise how, when, and where volunteer services are performed. When volunteers are
used, they are supervised by district personnel. 1 pt. 60. __________ Volunteers receive appropriate health and safety training. 1 pt. 61. __________ Volunteers complete an application prior to being accepted. 3 pts. 62. __________ District requires CAPRI-approved Waiver and Release forms from each volunteer. 1 pt. Volunteers are
always supervised by district staff. 1 pt. N. Life Safety __________
63. __________ District has an Emergency Action Plan (EAP) Cal Code of Regulations, Title 8 Sections 3220 & 3221. 1 pt. 64. MSDS are current and readily available at the appropriate job sites. 1 pt. 65. ___________ Fire extinguishers currently tagged/certified. 1 pt. 66. First aid kits stocked and readily available under Cal Regulation Title 8 CCR Section 3400. 1 pt. 67. ___________ Emergency exit lights in working order and fire exits are clearly identified. 1 pt. 68. Districts completed a PPE assessment through a written certification process under CCR 3380. 1 pt. 69. ___________ Emergency evacuation plans have been developed and are properly displayed. 1 pt. 70. ___________ Safety drills are conducted at least annually. 1 pt.
O. Legal/Employment __________
71. ___________ District has Employment Counsel or uses CAPRI’s Labor Law/Employment Services. 1pt.
Page 51 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 8.5
DISCUSSION/ACTION ITEMS SUBJECT: GL & Property Member Application – Cazadero Community Services
District
BACKGROUND AND STATUS: Cazadero Community Services District (”Cazadero”) is a small California special district located in Sonoma County, northwest of Guerneville. The District provides fire protection, fire prevention, streetlighting and parks and recreation services to the local community and has an operating Budget of approximately $24,000. Cazadero operates one park, Gerald T. Parameter Memorial Park, which consists of roughly 2 acres of open space, a basketball court, and a tennis court. The annual gross payroll is approximately $3,000. Cazadero had historically obtained property and liability insurance on the private market until it recently was informed that its policy would not be renewed as of October 25, 2019. Cazadero was then referred to CAPRI in hopes the JPA could meet its insurance needs. To be clear, Cazadero does not intend to seek insurance coverage for anything related to its other community services – instead only seeking liability and property coverage for its parks and recreation services. As such, Cazadero has requested admission to CAPRI as a member of the General Liability & Property program. Pursuant to CAPRI Policy, any district or Joint Powers Authority organized under the laws of the State of California that provides recreation and park services and is a member of the California Association of Recreation and Park Districts is eligible for membership in the California Association for Park and Recreation Indemnity. The CAPRI Board of Directors must approve all applications for membership before participation and coverage can begin. In order to be considered for membership, a proposed new member district must provide a completed Rating Questionnaire and a copy of the Joint Powers Agreement signed on behalf of the district. Furthermore, all applicants who request membership in CAPRI, are to receive a review of their District facilities. The Executive Director then prepares a report for the Board of Directors based on that review and the Rating Questionnaire.
Page 52 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Thereafter, the Executive Director will verify that the District is a member of the California Association of Recreation and Park Districts, compute the applicable contribution based upon criteria established by the Board of Directors, and submit the application with the recommendation of the Executive Director to the Board of Directors for approval. If admission is approved by the CAPRI Board of Directors, then the Executive Director will so advise the applicant and process the necessary paperwork regarding billing, confirmation of coverage, and attachment to excess or group purchased coverage. Notwithstanding these procedures, in the interest of ensuring the public entity secures sufficient coverage in a timely manner, Staff requests that CAPRI Board conditionally approve Cazadero on an interim basis subject to completion of the above requirements before the next regularly scheduled CAPRI Board Meeting. This request is based upon the limited exposure risk imposed by the District (1 park, 4 part-time employees totaling $3,000 in payroll) and the District’s immediate need for insurance coverage. Such a conditional approval could be contingent on any number of grounds and subject to withdrawal upon reasonable notice (i.e. 30 days) pending finalization of the application. Staff will be prepared to discuss this matter further at the Board Meeting. RECOMMENDATION: Conditionally approve interim membership for Cazadero pending completion of the application and ratification by the Board of Directors at its next regularly scheduled Board Meeting. FISCAL IMPACT: Conditional approval of an interim member would expose the pool to liability and property claims during the pendency of the application. REFERENCE MATERIALS ATTACHED:
• Letter from Mr. Matthew Duarte to Cazadero Community Services District re: quote and proposed scope of coverage
• Letter from Mr. Michael Nicholls, Board President for Cazadero Community Services District, re: request for admission into CAPRI
Page 53 of 129
Page 54 of 129
Cazadero Community Services District PO Box 508
Cazadero CA 95421-0508
October 16, 2019 Mr. Matthew Duarte, Executive Director CAPRI 6341 Auburn Blvd Suite A Citrus Heights, CA 95621-5203 Dear Matt: As a follow up to our board meeting on October 14th, our board voted unanimously to accept the quotation from CAPRI to furnish our Park Insurance, effective October 25, 2010, per the quotation sent to us on September 23, 2019. Please confirm insurance coverage will be bound on the above effective date. Please submit an invoice to the Attention of: Sherry Kulczewski our Administrative Assistant at her email address [email protected] We will also need an invoice from CARPD as well. In closing, the Cazadero CSD is honored to join the CAPRI family. Sincerely, Michael Nicholls, President Cazadero Community Services District Cc: Board of Directors, Cazadero CSD Sherry Kulczewski - Admin
Page 55 of 129
California Association for Park & Recreation Indemnity
March 19, 2019
Agenda Item 8.6
DISCUSSION/ACTION ITEMS SUBJECT: Alliant Property Appraisal Program Review
BACKGROUND AND STATUS: As discussed at the Board Meeting in May, Alliant offers a Property Appraisal Program as part of its services. The purpose is to ensure accurate values are provided for every insured property. Alliant is proposing to provide 50% of the appraisal costs for buildings under $5M, not to exceed $20,000 per year. Mr. Doug Wozniak will be present to provide further details of the services and proposed cost to CAPRI. RECOMMENDATION: Provide Staff with direction as to whether proceed with the Alliant Property Appraisal Program. FISCAL IMPACT: Cost dependent upon level of commitment made by the Board of Directors, but proposal caps matching funds at $20,000 per year. REFERENCE MATERIALS ATTACHED:
• Appraisal Services Brochure
Page 56 of 129
AFTER A PROPERTY LOSS YOU DON’T NEED ANOTHER
UNPLEASANT SURPRISE
Suffering a property loss is bad enough without discovering the property was under-
valued and you won’t recover enough to replace or restore it. The reason for your
dilemma: an inaccurate or poorly documented appraisal of the property that created
a false sense of security that you were fully covered for the loss.
The depth and diversity of our commercial appraisal knowledge and experience set Alliant Appraisal Services apart from other consultants. Besides our own vast knowl-edge base, we are able to capitalize on our access to Alliant’s vast nationwide appraisal and cost databases to meet specialized appraisal needs for nearly every type of commercial client.
In addition to appraising income-producing real property—including industrial, office, multifamily, and commercial—we have exten sive expertise in appraising such unique assets as medical facilities, entertain-ment venues, hospitality sites, construction equipment, and power generation plants, to name only a few.
PUBLIC ENTITY APPRAISALS
Establishing accurate replacement values for such public sector assets as infra-structure, public facilities, and specialized equipment requires extensive knowledge of both the type of public entity and type of property. Among the unique public assets we appraise are water distribution systems, sewage treatment facilities, power genera-tion plants, medical treatment facilities, school gymnasiums, fire-fighting equipment, communication towers, roadways, bridges, and many others.
Each property valuation is conducted by a licensed, experienced real estate appraiser who utilizes valuation techniques that conform to the federal reporting require-ments of the Uniform Standards of Profes-sional Appraisal Practice (USPAP). To ensure accuracy, all appraisals are submitted for peer review.
CLIENT BENEFITS
Clients benefit from our appraisals in a variety of ways, including:
Identifying inaccuracies in value based on occupancy or building characteristics
Identifying inaccuracies in square footage, which impacts value
Updating values to include building additions and renovations and to capture buildings not previously recorded
Flagging demolished, relocated, or out-of-service structures, thereby reducing insured value
Documenting and updating COPE (Construction, Occupancy, Protection, Exposures) data, which may help to lower premiums
Collecting additional data as requested, including secondary earthquake charac-teristics and GPS coordinates
If your assets are undervalued, or the values cannot be defended,
the replacement costs paid by your insurance carrier will not
adequately cover your losses. To ensure that commercial and public
sector organizations do not face this kind of unpleasant surprise,
Alliant Appraisal Services provides clients with accurate, fully
Our appraisal reports can be customized to a client’s particular requirements, ranging from a spreadsheet that summarizes key data to standalone reports for each asset. Clients can be confident that our appraisal reports will be consistent and supported by reliable market data.
ALLIANT INSURANCE SERVICES: THE PARTNER YOU DESERVE.
With a history dating back to 1925, Alliant Insurance Services is one of the nation’s leading distributors of diversified insurance products and services. Operating through a national network of offices, Alliant provides property and casualty, workers’ compensa-tion, employee benefits, surety, and financial products and services to more than 26,000 clients nationwide.
www.alliant.com
Appraisal Services
Page 58 of 129
California Association for Park & Recreation Indemnity
BACKGROUND AND STATUS: Over the past year, Staff has conducted an Office Needs Assessment for the organization. The goal of the assessment was to gather and evaluate CAPRI’s facility needs and requirements by thoroughly reviewing, researching, and identifying optimum requirements and strategic planning opportunities. That includes the following: Stay & Lease Suite B: Over the years, CAPRI has had little success locating long-term stable tenants for Suite B. Most recently, the space was rented at approximately $1,400 per month before the tenant vacated in 2018. While the residential real estate market continues to thrive, the current commercial real estate market is depressed as businesses are trending toward remote work environments. Staff believes significant improvements to the unit would be required to increase the marketability of the space and, even then, it would be difficult to secure a tenancy in the current market. Stay & Renovate Facility: CAPRI Staff obtained quotes from licensed contractors to provide basic renovations in the building include tear down of walls and framing a door in Suite B. The cost was more than anticipated as estimates exceed $30,000. Sell Current Property & Lease Office Space: Staff has met with qualified commercial real estate agents in order to better gauge both the market for the sale of the Auburn Blvd. building and for the purchase of other office space. It is apparent that Citrus Heights is in the lower tier market and it is estimated a sale would generate as much as $600,000. Even though the property is owned free and clear of encumbrances, the sale would not generate sufficient funds to purchase a suitable replacement outright. As such, based upon the current market and the needs of the organization, Staff believes it appropriate to market the property for sale and explore leasing or office-sharing opportunities. Staff will be prepared to further discuss the results of the Needs Assessment and present a proposed course of action to the Board at the Meeting.
Page 59 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
RECOMMENDATION: Authorize Staff to contract with a licensed commercial real estate broker for the listing for sale of the facility commonly known as 6341 Auburn Blvd., Citrus Heights, California. FISCAL IMPACT: The sale of the CAPRI office would result in an increase in revenue in the amount of the net sale proceeds. Leasing office space at another facility may result in an increase cost for operations. REFERENCE MATERIALS ATTACHED:
• 2019 Leasing Comparison
Page 60 of 129
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29
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 8.8
DISCUSSION/ACTION ITEMS SUBJECT: Approval of 2018/2019 WC Final Payroll
BACKGROUND AND STATUS: A member’s Workers’ Compensation premium is based upon their actual payroll. Since the actual payroll cannot be precisely determined until the end of the fiscal year, CAPRI requests estimated payroll figures from the members every Spring and, using these estimated payroll figures, we project the cost of coverage for the upcoming year. At the end of the fiscal year, the members provide their “Final Payroll Reports” to CAPRI along with supporting records. These reports provide CAPRI with our member’s actual payrolls for the preceding year. Once the final payroll reports are received, the individual members’ contributions are recalculated to determine their “true” or actual premiums. Thereafter, members will either receive a refund if they overprojected their payroll for the year or they will be invoiced if they underprojected their payroll. CAPRI has received the Final Payroll Reports needed to calculate the actual Workers’ Compensation premium for 2018-2019. These final payroll numbers were provided to CSAC-EIA in October as they conduct a similar process with each of their members. As a pool, the membership estimates ended up slightly underestimated their payrolls for this past fiscal year. This will result in a net loss of nearly $17,000. This is fairly typical of past historic trends. However, Staff has contacted several members whose final payroll figures had a significant variance from the initial estimates and confirmed the numbers provided were accurate and encouraged members to provide accurate estimates in the future. Staff is now requesting the Board review and approve the 2018/2019 Final Payroll. Upon approval of the Board, Staff will begin by issuing invoices and then checks consistent with the above. RECOMMENDATION: Provide Staff with direction as to whether proceed with the Alliant Property Appraisal Program.
Page 62 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
FISCAL IMPACT: Based upon final payroll figures provided by the members, CAPRI will be refunding approximately $16,778.50 of premium because of member’s under-projection of payroll for 2018-2019. REFERENCE MATERIALS ATTACHED:
• 2018-2019 WC Final Payroll Spreadsheet
Page 63 of 129
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Page
64
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29
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 8.9
DISCUSSION/ACTION ITEMS SUBJECT: General Counsel Contract Review
BACKGROUND AND STATUS: CAPRI has utilized the services of the law firm of Gibbons & Conley for general counsel services for several years. The last written agreement with the firm was in 2008 and the fee rate has not increased in over five (5) years. Currently before the Board is a new Agreement for Legal Services with the firm. The material changes include an increase in hourly rate to $225 for attorneys and $105 for paralegals. This represents an increase of approximately $25 per hour for each. Additionally, the agreement also contemplates an automatic 4% annual escalator for fees subject to written notice. RECOMMENDATION: Authorize Staff to execute the Agreement for Legal Services with Gibbons and Conley. FISCAL IMPACT: Based upon a budget estimate of $20,000 in legal fees for 2019-2020, the 12.5% increase in hourly fees may result in additional costs of approximately $2,500.00 this year and an additional 4% increase each following year. REFERENCE MATERIALS ATTACHED:
• Proposed Agreement for Legal Services from Gibbons and Conley
Page 65 of 129
Page 66 of 129
Page 67 of 129
Page 68 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 8.13
DISCUSSION/ACTION ITEMS SUBJECT: Executive Director Contract Review
BACKGROUND AND STATUS: Over the past few months, the Board of Directors has reviewed the Executive Director’s performance including, most recently, at the Personnel Committee meeting on October 15, 2019, and then again during Closed Session of this Meeting. As appropriate, the Board may consider amendments to the Executive Director contract as authorization action accordingly. RECOMMENDATION: As appropriate, determine whether to amend the Employment Contract of the Executive Director and authorize the President of the Board to execute an amendment consistent with Board direction. FISCAL IMPACT: Fiscal impact (amount and duration) would be dependent upon Board direction. REFERENCE MATERIALS ATTACHED:
• None
Page 69 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 8.14
DISCUSSION/ACTION ITEMS SUBJECT: CAPRI BOD Meeting Calendar 2020
BACKGROUND AND STATUS: Annually, the CAPRI Board of Directors adopts a Meeting Calendar for the upcoming calendar year. The proposed schedule is brought to the Board’s attention for review, comment, and approval in order to ensure the dates selected are appropriate and that maximum attendance can be obtained. The proposed Meeting Calendar for 2020 is as follows:
1. February 25, 2020 2. April 7, 2020 3. May 27, 2020 -- S. Lake Tahoe, Lake Tahoe Resort Hotel 4. June 24, 2020 – Telephonic 5. August 19, 2020 6. November 18, 2020 -- Board Meeting and Strategic Planning Session
Additionally, Staff requests direction as to the preferred locations for any of the above meetings, specifically the February Board Meeting and the November Board Meeting and Strategic Planning session. RECOMMENDATION: Approve proposed Meeting Schedule for the CAPRI Board of Directors for 2020. Additionally, provide Staff with direction for any prospective meeting locations for upcoming meetings, in particular, the November Meeting and Retreat. FISCAL IMPACT: The number of meetings and their locations will result in additional costs for Board travel and reimbursement. REFERENCE MATERIALS ATTACHED: None
Page 70 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 9.1
SPECIAL REPORTS SUBJECT: Investment Status Report
BACKGROUND AND STATUS: Allison Kaune of PFM Asset Management LLC will be appearing telephonically at the Board Meeting to provide an in-depth report regarding the status of CAPRI’s investments. RECOMMENDATION: Information only. REFERENCE MATERIALS ATTACHED:
• CAPRI 3Q Investment Performance Review
Page 71 of 129
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Portfolio
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%
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te N
otes
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98
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ked
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b-To
tal
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rest
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18
,210
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l Inv
estm
ents
$19,
792,
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0%
7Pa
ge 8
0 of
129
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
AT
ION
IN
S
Fo
r th
e Q
ua
rte
r E
nd
ed
Se
pte
mb
er
30
, 2
01
9
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rtfo
lio S
na
psh
ot
Po
rtfo
lio
Sta
tis
tic
s
As
of
Se
pte
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er
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, 2
01
9 $19,
465,
058
$19,
792,
987
$19,
674,
777
$118
,210
-
A
ccru
ed
In
tere
st:
Cash
:
Pa
r V
alu
e:
To
tal
Ma
rke
t V
alu
e:
S
ecu
rity
Ma
rket
Valu
e:
$19,
342,
151
1.8
0%
2.4
9% AAA
ve
rag
e C
red
it:
*
Yie
ld a
t C
os
t:
Am
ort
ize
d C
os
t:
Yie
ld a
t M
ark
et:
Eff
ec
tiv
e D
ura
tio
n:
2.47
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rs
Du
rati
on
to
Wo
rst:
2.46
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rs
Av
era
ge
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turi
ty:
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rs
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dit
Qu
ali
ty (
S&
P R
ati
ng
s)**
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A-
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1.8%
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+
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-
48.8
%A
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AA
A
3.2%
BB
B+
1.5%
No
t R
ate
d 0%
10
%
20
%
30
%
40
%
50
%
60
%
0 -
1 Y
ea
r1
- 2
Ye
ars
2 -
3 Y
ea
rs3
- 4
Ye
ars
4 -
5 Y
ea
rs>
5 Y
ea
rs
13
.5%
20
.3%
5.7
%
50
.3%
10
.1%
0.0
%
Matu
rity
Dis
trib
uti
on
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cto
r A
llo
ca
tio
n
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se
t-B
ac
ke
d
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%
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rtif
ica
te
of
De
po
sit
25.1
%C
orp
ora
te
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de
ral
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en
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O
1.0%
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de
ral
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en
cy
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E
4.1%
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pra
-So
v /
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pra
-Na
tl
Ag
en
cy
46.3
%
U.S
.
Tre
as
ury
PF
M A
ss
et
Ma
na
ge
me
nt
LL
C
* A
n a
vera
ge o
f each
secu
rity
’s c
redit
ratin
g a
ssig
ned a
num
eric
valu
e a
nd a
dju
sted for
its r
ela
tive w
eig
htin
g in
the p
ort
folio
.
**S
ecur
ities
hel
d in
the Association'
s po
rtfol
io a
re in
com
plia
nce
with
Cal
iforn
ia G
over
nmen
t Cod
e an
d th
e A
ssoc
iatio
n's In
vest
men
t Pol
icy
date
d N
ovem
ber 5
, 201
8.
8Pa
ge 8
1 of
129
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
AT
ION
IN
S
Fo
r th
e Q
ua
rte
r E
nd
ed
Se
pte
mb
er
30
, 2
01
9
Po
rtfo
lio P
erf
orm
an
ce
Po
rtfo
lio
Pe
rfo
rma
nc
e (
To
tal
Re
turn
)
Eff
ecti
ve
Du
rati
on
Po
rtfo
lio
/Ben
ch
mark
An
nu
alized
Retu
rn
10 Y
ear
1 Y
ear
3 Y
ear
5 Y
ear
Sin
ce In
cep
tio
n
(03/3
1/9
5)
Cu
rren
t
Qu
art
er
2.4
7 0
.89%
1.60
%5.
71%
2.01
%1.
96%
3.67
%C
AL
IF A
SS
OC
FO
R P
AR
K A
ND
RE
CR
EA
TIO
N IN
S
CA
PR
I C
us
tom
In
de
x*
2.5
6 0
.75%
1.3
6%
5.6
2%
1.6
2%
1.7
1%
3.3
4%
Dif
fere
nce
0.09
% 0
.14%
0.39
%0.
25%
0.24
%0.
33%
0.0
%
1.0
%
2.0
%
3.0
%
4.0
%
5.0
%
6.0
%
Cu
rre
nt
Qu
art
er
1 Y
ea
r 3 Y
ea
r 5 Y
ea
r 10 Y
ea
r S
ince
In
ce
pti
on
0.8
9%
5.7
1%
2.0
1%
1.9
6%
1.6
0%
3.6
7%
0.7
5%
5.6
2%
1.6
2%
1.7
1%
1.3
6%
3.3
4%
Total Return
CAL
IF A
SSO
C F
OR
PAR
K AN
D R
ECR
EATI
ON
INS
CA
PR
I C
ust
om
In
de
x*
PF
M A
ss
et
Ma
na
ge
me
nt
LL
C
Port
folio
perf
orm
ance
is g
ross
of fe
es
unle
ss o
therw
ise in
dic
ate
d.
*C
AP
RI's
ben
chm
ark
was
the
ICE
Bof
AM
L 1-Y
ear U
.S. T
reas
ury B
ill In
dex
from
ince
ptio
n un
til M
arch
31,
200
1, th
en th
e IC
E B
ofA
ML
1-Y
ear T
reas
ury
Not
e In
dex
until
Sep
tem
ber 3
0, 2
001,
then
the
ICE
Bof
AM
L 1-
3 Y
ear T
reas
ury
Inde
x un
til J
une
30, 2
012,
and
was
chan
ged
to th
e IC
E B
ofA
ML
1-5 Y
ear T
reas
ury
Inde
x on
Jul
y 1,
201
2.
9Pa
ge 8
2 of
129
Outlook
Page
83
of 1
29
PFM
Asse
tMan
agem
entL
LC
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
ATI
ON
INS
For t
he Q
uart
er E
nded
Sep
tem
ber
30, 2
019
Out
look
O
ur
outlook for
the m
ajo
r in
vestm
ent-
gra
de fix
ed incom
e s
ecto
rs is a
s follo
ws:
•F
edera
l agency y
ield
spre
ads r
em
ain
very
tig
ht. I
n s
om
e c
ases, agencie
s o
ffer
yie
lds less t
han those o
n T
reasuries o
f sim
ilar
matu
rity
.
•S
upra
national yie
ld s
pre
ads r
em
ain
at m
ulti-year
low
s,
and w
e p
lan to f
urt
her
reduce a
llocations.
•In
the
investm
ent-
gra
de (
IG)
corp
ora
te s
ecto
r, w
e r
em
ain
cautiously
optim
istic. S
table
fundam
enta
ls, positiv
e e
arn
ings
gro
wth
, and a
resili
ent equity m
ark
et support
the u
nderlyin
g s
tabili
ty o
f th
e c
redit m
ark
ets
; how
ever,
a m
yriad o
f geopolit
ical
issues that have y
et
to b
e r
esolv
ed
war
rant
s ca
utio
n. W
e p
lan to r
educe “
rich” c
orp
ora
te h
old
ings w
hile
cre
ating r
oom
for
new
corp
ora
te o
pport
unitie
s a
s they b
ecom
e a
vaila
ble
.
•A
BS
spre
ads a
re n
ear
multi-year
low
s,
but underlyin
g fundam
enta
ls r
em
ain
firm
. W
e p
lan to m
ain
tain
AB
S p
ositio
ns n
ear
curr
ent le
vels
. •
Incre
asin
g n
ew
ho
me
su
pp
ly a
nd
acce
lera
tin
g p
rep
aym
en
ts a
re e
xp
ecte
d to
we
igh
on
th
e M
BS
se
cto
r o
ve
r th
e n
ea
r te
rm.
While
spre
ads s
napped b
ack m
odestly n
ear
quart
er-
end, re
lative v
alu
e in the s
ecto
r is
now
attra
ctive.
Our
pre
fere
nce is for
str
uctu
res that are
less s
ensitiv
e to inte
rest ra
te m
ovem
ents
—in
part
icula
r, c
om
merc
ial M
BS
(C
MB
S)
and w
ell-
seasoned
m
ort
gage p
ools
that have less p
repaym
ent variabili
ty.
•O
n the
heels
of tw
o F
ed r
ate
cuts
in t
he third q
uart
er,
money m
ark
et in
vesto
rs m
ay s
ee furt
her
rate
adju
stm
ents
in the
com
ing m
onth
s. S
hort
-term
cre
dit s
pre
ads h
ave w
idened r
ecently, cre
ating inve
stm
ent opport
unitie
s that offset som
e o
f th
e
Fed’s
low
er
overn
ight ta
rget ra
te.
Ou
tlo
ok
11Pa
ge 8
4 of
129
PFM
Asse
tMan
agem
entL
LC
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
ATI
ON
INS
For t
he Q
uart
er E
nded
Sep
tem
ber
30, 2
019
Mar
ket U
pdat
e
Fixe
d-In
com
e Se
ctor
Out
look
–O
ctob
er 2
019
Sect
orO
ur In
vest
men
t Pre
fere
nces
Com
men
ts
CO
MM
ER
CIA
L P
AP
ER
/ C
D•
CP
/ne
go
tia
ble
CD
sp
rea
ds a
re n
ea
r h
isto
ric tig
hts
, th
ou
gh
se
cu
ritie
s
ap
pe
ar
ch
ea
p r
ela
tive
to
co
rpo
rate
no
tes.
TR
EA
SU
RIE
S•
Tre
asu
ry b
ill s
up
ply
is e
xp
ecte
d to
in
cre
ase
by o
ve
r $
10
0 b
illio
n d
uri
ng
the
fo
urt
h q
ua
rte
r.
•T
he
Tre
asu
ry y
ield
cu
rve
re
ma
ins in
ve
rte
d, p
rovid
ing
little
op
po
rtu
nity to
be
ne
fit fr
om
ro
ll-d
ow
n.
T-B
ill
T-N
ote
FE
DE
RA
L A
GE
NC
IES
•F
ed
era
l a
ge
ncy s
pre
ad
s r
em
ain
ne
ar
his
tori
c tig
hts
. T
rea
su
rie
s c
on
tin
ue
to b
e a
ttra
ctive
re
lative
to
ag
en
cie
s.
•C
alla
ble
sh
ave
be
en
un
de
rpe
rfo
rmin
g d
ura
tio
n-m
atc
he
d b
ulle
ts a
s
red
em
ptio
n a
ctivity h
as b
ee
n e
leva
ted
, e
sp
ecia
lly in
sh
ort
lo
ck-o
ut
str
uctu
res.
Bu
llet
s
Cal
labl
es
SU
PR
AN
AT
ION
AL
S•
Sp
rea
ds r
em
ain
ne
ar
his
tori
ca
l tig
hts
; T
rea
su
rie
s h
ave
be
tte
r va
lue
.
•T
he
re m
ay b
e o
pp
ort
un
itie
s to
se
ll a
t sin
gle
-dig
it y
ield
sp
rea
ds b
efo
re a
po
ssib
le d
em
an
d-s
ide
te
ch
nic
al d
eca
y in
to y
ea
r-e
nd
.
CO
RP
OR
AT
ES
•T
igh
ter
cre
dit s
pre
ad
s a
nd
a c
lou
dy e
co
no
mic
ou
tlo
ok h
ave
re
du
ce
d th
e
att
ractive
ne
ss o
f th
e c
orp
ora
te s
ecto
r.
•S
tea
dy d
em
an
d fro
m fo
reig
n in
ve
sto
rs a
nd
a lo
we
r in
tere
st ra
te
en
vir
on
me
nt,
su
pp
ort
ed
by r
ece
nt F
OM
C a
ctio
n, a
re b
oth
po
sitiv
es fo
r
the
se
cto
r.
Fin
anci
als
Ind
ust
rial
s
SE
CU
RIT
IZE
D•
Th
e A
AA
-ra
ted
AB
S s
ecto
r o
ffe
rs a
de
fen
siv
e o
utle
t to
cre
dit e
xp
osu
re
bu
t h
as tig
hte
ne
d to
ne
ar
mu
lti-
ye
ar
tig
hts
.
•A
s in
tere
st ra
tes h
ave
fa
llen
an
d s
up
ply
ha
s in
cre
ase
d, M
BS
sp
rea
ds
ha
ve
wid
en
ed
sig
nific
an
tly to
a m
ore
his
tori
c n
orm
. W
e v
iew
th
is a
s a
bu
yin
g o
pp
ort
un
ity.
•A
ge
ncy C
MB
S a
re a
n a
ttra
ctive
alte
rna
tive
to
oth
er
go
ve
rnm
en
t se
cto
rs
du
e to
th
eir
in
cre
me
nta
l in
co
me
po
ten
tia
l.
Ass
et-B
acke
d
Age
ncy
Mor
tgag
e-B
acke
d
Age
ncy
CM
BS
MU
NIC
IPA
LS
•T
he
lo
w in
tere
st ra
te e
nvir
on
me
nt sh
ou
ld s
pu
r re
fun
din
g a
ctivity a
nd
incre
ase
ta
xa
ble
mu
nic
ipa
l su
pp
ly.
Cur
rent
out
look
Out
look
one
mon
th a
goN
egat
ive
Slig
htly
N
egat
ive
Neu
tral
Sl
ight
lyPo
sitiv
ePo
sitiv
e
12Pa
ge 8
5 of
129
Por
tfolio
Det
ails
Page
86
of 1
29
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
AT
ION
IN
S
Fo
r th
e Q
ua
rte
r E
nd
ed
Se
pte
mb
er
30
, 2
01
9
Po
rtfo
lio C
om
po
sitio
n
Se
cto
r A
llo
ca
tio
n
Sep
tem
ber
30, 2019
Ju
ne 3
0, 2019
Marc
h 3
1, 2019
Decem
ber
31, 2018
% o
f T
ota
lM
V (
$M
M)
Secto
r%
of
To
tal
% o
f T
ota
l%
of
To
tal
MV
($M
M)
MV
($M
M)
MV
($M
M)
U.S
. T
reasu
ry 9
.1 4
6.3%
9.9
48.
7% 9
.3 4
6.4%
9.1
46.
0%
Co
rpo
rate
4.9
25.
1% 4
.7 2
3.0%
4.9
24.
5% 4
.7 2
3.4%
Cert
ific
ate
of
Dep
osit
2.9
14.
9% 2
.5 1
2.5%
2.7
13.
6% 3
.1 1
5.6%
Asset-
Backed
1.4
7.1
% 1
.0 5
.1%
0.8
3.9
% 0
.6 3
.2%
Su
pra
-So
v / S
up
ra-N
atl
Ag
en
cy
0.8
4.1
% 0
.8 4
.0%
0.8
4.0
% 0
.8 4
.0%
Fed
era
l A
gen
cy/C
MO
0.3
1.5
% 0
.3 1
.5%
0.3
1.5
% 0
.3 1
.7%
Fed
era
l A
gen
cy/G
SE
0.2
1.0
% 0
.8 4
.2%
1.0
5.1
% 1
.0 5
.1%
Mu
nic
ipal
0.0
0.0
% 0
.2 1
.0%
0.2
1.0
% 0
.2 1
.0%
$19.7
100.0
%$20.2
100.0
%$20.0
100.0
%$19.9
100.0
%T
ota
l
0%
10
%
20
%
30
%
40
%
50
%
60
%
70
%
80
%
90
%
10
0%
Se
pte
mb
er
20
19
Ju
ne
20
19
Ma
rch
20
19
De
ce
mb
er
20
18
Mun
icip
al
Fede
ral A
genc
y/G
SE
Fede
ral A
genc
y/CM
O
Supr
a-So
v / S
upra
-Nat
lA
genc
y
Ass
et-B
acke
d
Certi
ficat
e of
Dep
osit
Corp
orat
e
U.S.
Tre
asur
y
PF
M A
ss
et
Ma
na
ge
me
nt
LL
C
Deta
il m
ay
not add to tota
l due to r
oundin
g.
14Pa
ge 8
7 of
129
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
AT
ION
IN
S
Fo
r th
e Q
ua
rte
r E
nd
ed
Se
pte
mb
er
30
, 2
01
9
Po
rtfo
lio P
erf
orm
an
ce
Po
rtfo
lio
Ea
rnin
gs
Qu
art
er-
En
de
d S
ep
tem
be
r 3
0,
20
19
Ma
rke
t V
alu
e B
as
isA
cc
rua
l (A
mo
rtiz
ed
Co
st)
Ba
sis
Ne
t P
urc
ha
se
s/S
ale
s
Ch
an
ge
in
Va
lue
Inte
res
t E
arn
ed
$20,
220,
114.
91
($60
8,82
9.81
)
$63,
491.
92
$110
,836
.38
$174
,328
.30
$19,
674,
777.
02
$19,
926,
820.
79
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C15
Page
88
of 1
29
CA
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PF
M A
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C17
Page
90
of 1
29
CA
LIF
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PF
M A
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LL
C18
Page
91
of 1
29
CA
LIF
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SO
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AN
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C19
Page
92
of 1
29
CA
LIF
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PF
M A
ss
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Ma
na
ge
me
nt
LL
C20
Page
93
of 1
29
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
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RE
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Fo
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C21
Page
94
of 1
29
CA
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me
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LL
C23
Page
96
of 1
29
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
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RE
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S
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PF
M A
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Ma
na
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me
nt
LL
C24
Page
97
of 1
29
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
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RE
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ION
IN
S
Fo
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95,
273.
92
AA+
Aaa
4/4/
2018
4/9/
2018
100
,851
.56
257
.50
100
,513
.82
102
,271
.03
2.61
FHLM
C S
ERIE
S K7
21 A
2D
TD 1
2/01
/201
5 3.
090%
08/
25/2
022
3137
BM6P
6 1
00,0
00.0
0
AA+
Aaa
12/7
/201
812
/17/
2018
84,
784.
05 2
26.3
0 8
4,78
4.06
86,
246.
453.
11FH
MS
KP05
AD
TD 1
2/01
/201
8 3.
203%
07/
01/2
023
3137
FKK3
9 8
4,78
4.31
2.6
5
285,5
56.0
2 2
81,6
50.8
9 7
66.4
5 2
80,0
58.2
3 2
82,8
04.6
2S
ecu
rity
Typ
e S
ub
-To
tal
Fed
era
l A
gen
cy B
on
d / N
ote
AA+
Aaa
8/3/
2016
8/3/
2016
198
,954
.00
481
.25
199
,615
.20
198
,061
.40
1.23
FHLB
GLO
BAL
NO
TED
TD 0
7/14
/201
6 1.
125%
07/
14/2
021
3130
A8Q
S5 2
00,0
00.0
0
1.2
3
198,0
61.4
0 1
99,6
15.2
0 4
81.2
5 2
00,0
00.0
0 1
98,9
54.0
0S
ecu
rity
Typ
e S
ub
-To
tal
Co
rpo
rate
No
te
BBB+
A31/
4/20
171/
10/2
017
199
,920
.00
1,1
02.5
0 1
99,9
92.4
4 2
00,1
35.4
02.
46C
ITIG
RO
UP
INC
(CAL
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E) C
OR
P N
OTE
DTD
01/
10/2
017
2.45
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1/10
/202
0
1729
67LF
6 2
00,0
00.0
0
A-A2
2/28
/201
73/
3/20
17 1
19,8
75.2
0 2
05.3
3 1
19,9
81.9
4 1
20,0
18.7
22.
24AM
ERIC
AN E
XPR
ESS
CR
EDIT
(C
ALLA
BLE)
NO
TED
TD 0
3/03
/201
7 2.
200%
03/
03/2
020
0258
M0E
E5 1
20,0
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0
PF
M A
ss
et
Ma
na
ge
me
nt
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C
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AT
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nt
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of
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cu
riti
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ld
Ori
gin
al
Co
st
Sett
le
Date
Tra
de
Date
Mo
od
y's
Rati
ng
S&
P
Rati
ng
Accru
ed
Inte
rest
Am
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ized
Co
st
Mark
et
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e
Y
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at
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st
Secu
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Typ
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escri
pti
on
CU
SIP
Par
Date
d D
ate
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up
on
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rity
Co
rpo
rate
No
te
AA-
Aa3
4/11
/201
74/
17/2
017
324
,850
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2,8
87.0
8 3
24,9
72.2
2 3
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24.7
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RP
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04/
17/2
017
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4/17
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089
236T
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6 3
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0
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5/24
/201
76/
5/20
17 9
9,94
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580
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986.
63 9
9,86
5.20
1.82
HO
ME
DEP
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TES
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06/
05/2
017
1.80
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6/05
/202
043
7076
BQ4
100
,000
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AA1
3/4/
2016
3/7/
2016
203
,708
.00
609
.17
200
,761
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200
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2.11
STAT
E ST
REE
T C
OR
P N
OTE
SD
TD 0
8/18
/201
5 2.
550%
08/
18/2
020
8574
77AS
2 2
00,0
00.0
0
AA3
9/5/
2017
9/7/
2017
149
,874
.00
208
.13
149
,960
.27
149
,799
.60
1.88
CAT
ERPI
LLAR
FIN
L SE
RVI
CE
NO
TED
TD 0
9/07
/201
7 1.
850%
09/
04/2
020
1491
3Q2A
6 1
50,0
00.0
0
A+A1
11/6
/201
711
/13/
2017
99,
991.
00 7
85.8
3 9
9,99
6.59
100
,148
.60
2.05
PAC
CAR
FIN
ANC
IAL
CO
RP
NO
TES
DTD
11/
13/2
017
2.05
0% 1
1/13
/202
069
371R
N85
100
,000
.00
A-A2
5/6/
2016
5/10
/201
6 2
04,4
32.0
0 1
,615
.00
201
,185
.95
201
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2.04
WEL
LS F
ARG
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CO
MPA
NY
NO
TES
DTD
12/
07/2
015
2.55
0% 1
2/07
/202
094
974B
GR
5 2
00,0
00.0
0
AAAa
210
/11/
2017
10/2
0/20
17 1
99,7
10.0
0 1
,118
.89
199
,886
.31
200
,444
.20
1.95
WAL
-MAR
T ST
OR
ES IN
C C
OR
P N
OTE
DTD
10/
20/2
017
1.90
0% 1
2/15
/202
093
1142
EA7
200
,000
.00
AA2
2/1/
2018
2/6/
2018
199
,902
.00
824
.44
199
,955
.06
201
,775
.40
2.67
IBM
CO
RP
CO
RP
NO
TES
DTD
02/
06/2
018
2.65
0% 0
2/05
/202
144
932H
AG8
200
,000
.00
AA2
2/21
/201
82/
26/2
018
84,
905.
65 1
09.5
6 8
4,95
3.56
86,
064.
882.
94N
ATIO
NAL
RU
RAL
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L C
OO
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OTE
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02/
26/2
018
2.90
0% 0
3/15
/202
163
743H
ER9
85,
000.
00
AA2
4/12
/201
84/
19/2
018
114
,513
.55
148
.22
114
,752
.00
116
,440
.72
3.05
NAT
ION
AL R
UR
AL U
TIL
CO
OP
NO
TED
TD 0
2/26
/201
8 2.
900%
03/
15/2
021
6374
3HER
9 1
15,0
00.0
0
A+A1
3/19
/201
83/
22/2
018
198
,978
.00
137
.50
199
,486
.43
202
,295
.40
2.93
UN
ILEV
ER C
APIT
AL C
OR
P N
OTE
SD
TD 0
3/22
/201
8 2.
750%
03/
22/2
021
9047
64AZ
0 2
00,0
00.0
0
A+A1
10/5
/201
710
/10/
2017
124
,975
.00
1,1
52.7
8 1
24,9
88.7
6 1
25,3
88.0
02.
01PE
PSIC
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C C
OR
P (C
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N
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DTD
10/
10/2
017
2.00
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4/15
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1
7134
48D
X3 1
25,0
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0
A-A2
11/1
/201
711
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017
25,
194.
00 2
95.3
1 2
5,08
8.90
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223.
282.
39BA
NK
OF
AMER
ICA
CO
RP
NO
TED
TD 0
4/19
/201
6 2.
625%
04/
19/2
021
0605
1GFW
4 2
5,00
0.00
AA1
5/17
/201
65/
20/2
016
200
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.00
1,6
85.5
6 2
00,1
37.3
7 2
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50.0
02.
00BA
NK
OF
NEW
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RK
MEL
LON
(C
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NO
TES
DTD
05/
02/2
016
2.05
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5/03
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1
0640
6FAB
9 2
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0
PF
M A
ss
et
Ma
na
ge
me
nt
LL
C
26Pa
ge 9
9 of
129
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AT
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Sett
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Date
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Date
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CU
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Par
Date
d D
ate
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up
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rate
No
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A-A2
5/25
/201
65/
31/2
016
99,
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00 9
12.5
0 9
9,93
7.80
100
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2.29
AMER
ICAN
EXP
RES
S C
RED
IT
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LABL
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OTE
SD
TD 0
5/05
/201
6 2.
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05/
05/2
021
0258
M0E
B1 1
00,0
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0
A+A1
5/7/
2018
5/10
/201
8 6
9,98
1.80
849
.92
69,
990.
04 7
1,17
1.52
3.11
PAC
CAR
FIN
ANC
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CO
RP
DTD
05/
10/2
018
3.10
0% 0
5/10
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169
371R
P26
70,
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00
A+A2
5/8/
2018
5/11
/201
8 1
98,6
10.0
0 2
,333
.33
199
,237
.17
203
,502
.20
3.25
GEN
ERAL
DYN
AMIC
S C
OR
PD
TD 0
5/11
/201
8 3.
000%
05/
11/2
021
3695
50BE
7 2
00,0
00.0
0
AA1
5/3/
2018
5/10
/201
8 7
9,94
4.80
936
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79,
969.
52 8
1,33
6.40
3.12
HER
SHEY
CO
MPA
NY
CO
RP
NO
TES
DTD
05/
10/2
018
3.10
0% 0
5/15
/202
142
7866
BA5
80,
000.
00
AA2
5/17
/201
85/
22/2
018
124
,996
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1,4
67.0
1 1
24,9
97.8
6 1
27,5
78.1
33.
25C
HAR
LES
SCH
WAB
CO
RP
NO
TES
DTD
05/
22/2
018
3.25
0% 0
5/21
/202
180
8513
AW5
125
,000
.00
A-A2
9/13
/201
79/
18/2
017
125
,000
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1,4
55.0
0 1
25,0
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40.1
32.
33BA
NK
OF
AMER
ICA
CO
RP
(CAL
LABL
E)D
TD 0
9/18
/201
7 2.
328%
10/
01/2
021
0605
1GG
S2 1
25,0
00.0
0
AA2
3/10
/201
73/
15/2
017
179
,206
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1,1
26.2
5 1
79,6
15.2
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82,8
28.3
42.
75JO
HN
DEE
RE
CAP
ITAL
CO
RP
NO
TES
DTD
01/
06/2
017
2.65
0% 0
1/06
/202
224
422E
TL3
180
,000
.00
A-A2
5/14
/201
85/
17/2
018
50,
000.
00 6
51.2
0 5
0,00
0.00
50,
991.
953.
50BA
NK
OF
AMER
ICA
CO
RP
NO
TES
DTD
05/
17/2
018
3.49
9% 0
5/17
/202
206
051G
HH
5 5
0,00
0.00
A-A2
3/15
/201
93/
22/2
019
200
,000
.00
3,3
67.3
5 2
00,0
00.0
0 2
04,8
73.6
03.
21JP
MO
RG
AN C
HAS
E &
CO
BO
ND
SD
TD 0
3/22
/201
9 3.
207%
04/
01/2
023
4664
7PBB
1 2
00,0
00.0
0
A-A3
2/12
/201
92/
15/2
019
201
,424
.00
1,3
22.2
2 2
01,2
58.1
4 2
11,1
56.0
03.
34PN
C B
ANK
NA
CO
RP
NO
TES
DTD
01/
23/2
019
3.50
0% 0
1/23
/202
469
3475
AV7
200
,000
.00
BBB+
A37/
19/2
019
7/23
/201
9 2
11,4
58.0
0 3
,272
.22
211
,033
.92
212
,766
.00
2.59
MO
RG
AN S
TAN
LEY
CO
RP
NO
TES
DTD
04/
28/2
014
3.87
5% 0
4/29
/202
461
746B
DQ
6 2
00,0
00.0
0
AA2
7/11
/201
97/
15/2
019
199
,008
.00
1,2
53.3
3 1
99,0
48.5
5 2
02,1
56.2
02.
51AM
ERIC
AN H
ON
DA
FIN
ANC
E C
OR
P N
OTE
DTD
06/
27/2
019
2.40
0% 0
6/27
/202
4
0266
5WC
Z2 2
00,0
00.0
0
BBB+
A37/
8/20
197/
11/2
019
209
,316
.00
1,7
75.2
8 2
08,9
27.2
8 2
11,7
16.4
02.
84G
OLD
MAN
SAC
HS
GR
OU
P IN
C
BON
DS
DTD
07/
08/2
014
3.85
0% 0
7/08
/202
4
3814
1EC
23 2
00,0
00.0
0
A-A2
8/1/
2019
8/5/
2019
200
,332
.00
861
.11
200
,322
.40
201
,604
.60
2.46
BB&T
CO
RPO
RAT
ION
CO
RP
BON
DS
DTD
07/
29/2
019
2.50
0% 0
8/01
/202
405
531F
BH5
200
,000
.00
PF
M A
ss
et
Ma
na
ge
me
nt
LL
C
27Pa
ge 1
00 o
f 129
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
AT
ION
IN
S
Fo
r th
e Q
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rte
r E
nd
ed
Se
pte
mb
er
30
, 2
01
9
Po
rtfo
lio H
old
ing
s
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na
ge
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cc
ou
nt
De
tail
of
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cu
riti
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He
ld
Ori
gin
al
Co
st
Sett
le
Date
Tra
de
Date
Mo
od
y's
Rati
ng
S&
P
Rati
ng
Accru
ed
Inte
rest
Am
ort
ized
Co
st
Mark
et
Valu
e
Y
TM
at
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st
Secu
rity
Typ
e/D
escri
pti
on
CU
SIP
Par
Date
d D
ate
/Co
up
on
/Matu
rity
Co
rpo
rate
No
te
AA2
9/3/
2019
9/6/
2019
199
,184
.00
243
.06
199
,194
.88
198
,029
.20
1.84
WAL
T D
ISN
EY C
OM
PAN
Y/TH
ED
TD 0
9/06
/201
9 1.
750%
08/
30/2
024
2546
87FK
7 2
00,0
00.0
0
2.5
1
4,9
39,9
97.6
7 4
,894,6
19.0
6 3
5,2
91.9
7 4
,875,0
00.0
0 4
,899,4
71.9
5S
ecu
rity
Typ
e S
ub
-To
tal
Cert
ific
ate
of
Dep
osit
A-1
P-1
2/7/
2018
2/8/
2018
200
,000
.00
8,7
96.1
7 2
00,0
00.0
0 2
00,5
15.4
02.
67C
RED
IT S
UIS
SE N
EW Y
OR
K C
ERT
DEP
OS
DTD
02/
08/2
018
2.67
0% 0
2/07
/202
0
2254
9LFR
1 2
00,0
00.0
0
A-1
P-1
3/2/
2018
3/6/
2018
250
,000
.00
563
.89
250
,000
.00
251
,017
.75
2.93
UBS
AG
STA
MFO
RD
CT
LT C
DD
TD 0
3/06
/201
8 2.
900%
03/
02/2
020
9027
5DH
G8
250
,000
.00
A-1
P-1
6/5/
2018
6/7/
2018
199
,924
.00
1,9
84.8
9 1
99,9
73.5
9 2
01,7
12.6
03.
10BA
NK
OF
NO
VA S
CO
TIA
HO
UST
ON
CD
DTD
06/
07/2
018
3.08
0% 0
6/05
/202
006
417G
U22
200
,000
.00
A-1
P-1
8/1/
2018
8/3/
2018
350
,000
.00
1,7
67.7
9 3
50,0
00.0
0 3
52,9
71.1
53.
23BA
NK
OF
MO
NTR
EAL
CH
ICAG
O C
ERT
DEP
OS
DTD
08/
03/2
018
3.19
0% 0
8/03
/202
0
0637
0REU
9 3
50,0
00.0
0
A-1+
P-1
8/3/
2017
8/7/
2017
360
,000
.00
1,1
07.0
0 3
60,0
00.0
0 3
60,7
53.4
82.
05W
ESTP
AC B
ANKI
NG
CO
RP
NY
CD
DTD
08/
07/2
017
2.05
0% 0
8/03
/202
096
121T
4A3
360
,000
.00
AA1
10/1
6/20
1810
/18/
2018
199
,728
.00
3,1
64.0
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DIN
AV E
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PF
M A
ss
et
Ma
na
ge
me
nt
LL
C28
Page
101
of 1
29
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
AT
ION
IN
S
Fo
r th
e Q
ua
rte
r E
nd
ed
Se
pte
mb
er
30
, 2
01
9
Po
rtfo
lio H
old
ing
s
Ma
na
ge
d A
cc
ou
nt
De
tail
of
Se
cu
riti
es
He
ld
Ori
gin
al
Co
st
Sett
le
Date
Tra
de
Date
Mo
od
y's
Rati
ng
S&
P
Rati
ng
Accru
ed
Inte
rest
Am
ort
ized
Co
st
Mark
et
Valu
e
Y
TM
at
Co
st
Secu
rity
Typ
e/D
escri
pti
on
CU
SIP
Par
Date
d D
ate
/Co
up
on
/Matu
rity
Cert
ific
ate
of
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osit
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8/27
/201
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29/2
019
200
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RD
EA B
ANK
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NEW
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RK
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OT
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250
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12/4
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812
/12/
2018
184
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264
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189
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OT
2018
-C A
3D
TD 1
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8 3.
220%
06/
15/2
023
6547
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5/21
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30/2
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1/16
/201
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26/2
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OM
ET 2
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A2 A
2D
TD 0
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9 1.
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08/
15/2
024
1404
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00.0
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ecu
rity
Typ
e S
ub
-To
tal
19,3
24,0
41.9
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9,4
65,0
58.2
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09.5
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.49
Man
ag
ed
Acco
un
t S
ub
To
tal
$118,2
09.5
5
$19,3
42,1
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4
$19,6
74,7
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2
Secu
riti
es S
ub
-To
tal
Accru
ed
In
tere
st
$118,2
09.5
5
To
tal In
vestm
en
ts$19,7
92,9
86.5
7
2.4
9%
$19,4
65,0
58.2
3$19,3
24,0
41.9
4
Bold
ed it
ems
are
forw
ard
settl
ing
trade
s.
PF
M A
ss
et
Ma
na
ge
me
nt
LL
C29
Page
102
of 1
29
Appendix
Page
103
of 1
29
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
AT
ION
IN
S
Fo
r th
e Q
ua
rte
r E
nd
ed
Se
pte
mb
er
30
, 2
01
9
Ap
pe
nd
ix
IM
PO
RT
AN
T D
ISC
LO
SU
RE
S
This
mat
eria
l is
base
d on
info
rmat
ion
obta
ined
from
sou
rces
gen
eral
ly b
elie
ved
to b
e re
liabl
e an
d av
aila
ble
to th
e pu
blic
; how
ever
, PFM
Ass
et M
anag
emen
t LLC
can
not g
uara
ntee
its
accu
racy
, com
plet
enes
s or
sui
tabi
lity.
Thi
s m
ater
ial i
s fo
r gen
eral
info
rmat
ion
purp
oses
onl
y an
d is
not
inte
nded
to p
rovi
de s
peci
fic a
dvic
e or
a s
peci
fic re
com
men
datio
n. A
ll st
atem
ents
as
to w
hat w
ill or
may
hap
pen
unde
r cer
tain
circ
umst
ance
s ar
e ba
sed
on a
ssum
ptio
ns, s
ome,
but
not
all
of w
hich
, are
not
ed in
the
pres
enta
tion.
Ass
umpt
ions
may
or m
ay n
ot b
e pr
oven
co
rrect
as
actu
al e
vent
s oc
cur,
and
resu
lts m
ay d
epen
d on
eve
nts
outs
ide
of y
our o
r our
con
trol.
Cha
nges
in a
ssum
ptio
ns m
ay h
ave
a m
ater
ial e
ffect
on
resu
lts. P
ast p
erfo
rman
ce d
oes
not n
eces
saril
y re
flect
and
is n
ot a
gua
rant
y of
futu
re re
sults
. The
info
rmat
ion
cont
aine
d in
this
pre
sent
atio
n is
not
an
offe
r to
purc
hase
or s
ell a
ny s
ecur
ities
.D
ime Ã
Mar
ket v
alue
s th
at in
clud
e ac
crue
d in
tere
st a
re d
eriv
ed fr
om c
losi
ng b
id p
rices
as
of th
e la
st b
usin
ess
day
of th
e m
onth
as
supp
lied
by In
tera
ctiv
e D
ata,
Blo
ombe
rg, o
r Tel
erat
e.
Whe
re p
rices
are
not
ava
ilabl
e fro
m g
ener
ally
reco
gniz
ed s
ourc
es, t
he s
ecur
ities
are
pric
ed u
sing
a y
ield
bas
ed m
atrix
sys
tem
to a
rrive
at a
n es
timat
ed m
arke
t val
ue.
ÃIn
acc
orda
nce
with
gen
eral
ly a
ccep
ted
acco
untin
g pr
inci
ples
, inf
orm
atio
n is
pre
sent
ed o
n a
trade
dat
e ba
sis;
forw
ard
settl
ing
purc
hase
s ar
e in
clud
ed in
the
mon
thly
bal
ance
s, a
nd
forw
ard
settl
ing
sale
s ar
e ex
clud
ed.
ÃPe
rform
ance
is p
rese
nted
in a
ccor
danc
e w
ith th
e C
FA In
stitu
te’s
Glo
bal I
nves
tmen
t Per
form
ance
Sta
ndar
ds (G
IPS)
. Unl
ess
othe
rwis
e no
ted,
per
form
ance
is s
how
n gr
oss
of fe
es.
Qua
rterly
retu
rns
are
pres
ente
d on
an
unan
nual
ized
bas
is. R
etur
ns fo
r per
iods
gre
ater
than
one
yea
r are
pre
sent
ed o
n an
ann
ualiz
ed b
asis
. Pas
t per
form
ance
is n
ot in
dica
tive
of
futu
re re
turn
s.
ÃBa
nk o
f Am
eric
a/M
erril
l Lyn
ch In
dice
s pr
ovid
ed b
y Bl
oom
berg
Fin
anci
al M
arke
ts.
ÃM
oney
mar
ket f
und/
cash
bal
ance
s ar
e in
clud
ed in
per
form
ance
and
dur
atio
n co
mpu
tatio
ns.
ÃSt
anda
rd &
Poo
rʼs is
the
sour
ce o
f the
cre
dit r
atin
gs. D
istri
butio
n of
cre
dit r
atin
g is
exc
lusi
ve o
f mon
ey m
arke
t fun
d/LG
IP h
oldi
ngs.
ÃC
alla
ble
secu
ritie
s in
the
portf
olio
are
incl
uded
in th
e m
atur
ity d
istri
butio
n an
alys
is to
thei
r sta
ted
mat
urity
dat
e, a
lthou
gh, t
hey
may
be
calle
d pr
ior t
o m
atur
ity.
ÃM
BS m
atur
ities
are
repr
esen
ted
by e
xpec
ted
aver
age
life.
PF
M A
ss
et
Ma
na
ge
me
nt
LL
C31
Page
104
of 1
29
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
AT
ION
IN
S
Fo
r th
e Q
ua
rte
r E
nd
ed
Se
pte
mb
er
30
, 2
01
9
Ap
pe
nd
ix
G
LO
SS
AR
Y
ÃA
CC
RU
ED
IN
TE
RE
ST
: In
tere
st th
at is
due
on
a bo
nd o
r oth
er fi
xed
inco
me
secu
rity
sinc
e th
e la
st in
tere
st p
aym
ent w
as m
ade.
ÃA
GE
NC
IES
: Fe
dera
l age
ncy
secu
ritie
s an
d/or
Gov
ernm
ent-s
pons
ored
ent
erpr
ises
.
ÃA
MO
RT
IZE
D C
OS
T:
The
orig
inal
cos
t of t
he p
rinci
pal o
f the
sec
urity
is a
djus
ted
for t
he a
mou
nt o
f the
per
iodi
c re
duct
ion
of a
ny d
isco
unt o
r pre
miu
m fr
om th
e pu
rcha
se d
ate
until
the
date
of t
he re
port.
Dis
coun
t or p
rem
ium
with
resp
ect t
o sh
ort-t
erm
sec
uriti
es (t
hose
with
less
than
one
yea
r to
mat
urity
at t
ime
of is
suan
ce) i
s am
ortiz
ed o
n a
stra
ight
line
bas
is.
Such
dis
coun
t or p
rem
ium
with
resp
ect t
o lo
nger
-term
sec
uriti
es is
am
ortiz
ed u
sing
the
cons
tant
yie
ld b
asis
.
ÃB
AN
KE
RS’ A
CC
EP
TA
NC
E:
A dr
aft o
r bill
or e
xcha
nge
acce
pted
by
a ba
nk o
r tru
st c
ompa
ny. T
he a
ccep
ting
inst
itutio
n gu
aran
tees
pay
men
t of t
he b
ill as
wel
l as
the
insu
rer.
ÃC
OM
ME
RC
IAL
PA
PE
R:
An u
nsec
ured
obl
igat
ion
issu
ed b
y a
corp
orat
ion
or b
ank
to fi
nanc
e its
sho
rt-te
rm c
redi
t nee
ds, s
uch
as a
ccou
nts
rece
ivab
le a
nd in
vent
ory.
ÃC
ON
TR
IBU
TIO
N T
O D
UR
AT
ION
: R
epre
sent
s ea
ch s
ecto
r or m
atur
ity ra
nge’
s re
lativ
e co
ntrib
utio
n to
the
over
all d
urat
ion
of th
e po
rtfol
io m
easu
red
as a
per
cent
age
wei
ghtin
g. S
ince
du
ratio
n is
a k
ey m
easu
re o
f int
eres
t rat
e se
nsiti
vity
, the
con
tribu
tion
to d
urat
ion
mea
sure
s th
e re
lativ
e am
ount
or c
ontri
butio
n of
that
sec
tor o
r mat
urity
rang
e to
the
tota
l rat
e se
nsiti
vity
of t
he p
ortfo
lio.
ÃD
UR
AT
ION
TO
WO
RS
T: A
mea
sure
of t
he s
ensi
tivity
of a
sec
urity’s
pric
e to
a c
hang
e in
inte
rest
rate
s, s
tate
d in
yea
rs, c
ompu
ted
from
cas
h flo
ws
to th
e m
atur
ity d
ate
or to
the
put
date
, whi
chev
er re
sults
in th
e hi
ghes
t yie
ld to
the
inve
stor
.
ÃE
FF
EC
TIV
E D
UR
AT
ION
: A
mea
sure
of t
he s
ensi
tivity
of a
sec
urity
’s p
rice
to a
cha
nge
in in
tere
st ra
tes,
sta
ted
in y
ears
.
ÃE
FF
EC
TIV
E Y
IEL
D:
The
tota
l yie
ld a
n in
vest
or re
ceiv
es in
rela
tion
to th
e no
min
al y
ield
or c
oupo
n of
a b
ond.
Effe
ctiv
e yi
eld
take
s in
to a
ccou
nt th
e po
wer
of c
ompo
undi
ng o
n in
vest
men
t ret
urns
, whi
le n
omin
al y
ield
doe
s no
t.
ÃF
DIC
: Fe
dera
l Dep
osit
Insu
ranc
e C
orpo
ratio
n. A
fede
ral a
genc
y th
at in
sure
s ba
nk d
epos
its to
a s
peci
fied
amou
nt.
ÃIN
TE
RE
ST
RA
TE
: In
tere
st p
er y
ear d
ivid
ed b
y pr
inci
pal a
mou
nt a
nd e
xpre
ssed
as
a pe
rcen
tage
.
ÃM
AR
KE
T V
AL
UE
: Th
e va
lue
that
wou
ld b
e re
ceiv
ed o
r pai
d fo
r an
inve
stm
ent i
n an
ord
erly
tran
sact
ion
betw
een
mar
ket p
artic
ipan
ts a
t the
mea
sure
men
t dat
e.
ÃM
AT
UR
ITY
: Th
e da
te u
pon
whi
ch th
e pr
inci
pal o
r sta
ted
valu
e of
an
inve
stm
ent b
ecom
es d
ue a
nd p
ayab
le.
ÃN
EG
OT
IAB
LE
CE
RT
IFIC
AT
ES
OF
DE
PO
SIT
: A
CD
with
a v
ery
larg
e de
nom
inat
ion,
usu
ally
$1
milli
on o
r mor
e, th
at c
an b
e tra
ded
in s
econ
dary
mar
kets
.
ÃP
AR
VA
LU
E:
The
nom
inal
dol
lar f
ace
amou
nt o
f a s
ecur
ity.
PF
M A
ss
et
Ma
na
ge
me
nt
LL
C32
Page
105
of 1
29
CA
LIF
AS
SO
C F
OR
PA
RK
AN
D R
EC
RE
AT
ION
IN
S
Fo
r th
e Q
ua
rte
r E
nd
ed
Se
pte
mb
er
30
, 2
01
9
Ap
pe
nd
ix
G
LO
SS
AR
Y
ÃP
AS
S T
HR
OU
GH
SE
CU
RIT
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C33
Page
106
of 1
29
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 9.2
SPECIAL REPORTS SUBJECT: Insurance Market Update
BACKGROUND AND STATUS: Mr. Doug Wozniak of Alliant Insurance Services will be at the Board Meeting to provide an in-depth update on the current insurance market and outlook for 2020. RECOMMENDATION: Information only. REFERENCE MATERIALS ATTACHED: None
Page 107 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 10.1
EXECUTIVE DIRECTOR/ STAFF REPORTS SUBJECT: District Visitations Update
BACKGROUND AND STATUS: Below please find the District Visitation Summary for Cycle XVI, along with the District Visitation Summary and History for review. There were five (5) district visit completed during the months of September and October of 2019. There are 9 more visits scheduled for November and December 2019. We are pleased to say that Beaumont-Cherry Valley, Desert, North County and Highlands all received “Very Good” on their visitation review with only a few recommendations needed. Boulder Creek received a “Good.” The following is their individual evaluation ranking. Boulder Creek Recreation and Park District – September 16, 2019 Boulder Creek received a Good evaluation. Safety Committee – Needs Improvement - The District does not have a specific Safety Committee. Due to the size of the District the General Manager, Ms. Greene, is going to incorporate a Safety Meeting with the Board of Directors’ Meeting. They will meet at least quarterly with minutes of the meetings being sent to CAPRI within 30 days from the date of the meeting. Membership within the Committee is representative of the District’s operations which will include the General Manager. The District will start to discuss a wide range of topics, including safety and training now that they are signed up with Target Solutions. Facility inspection reports are reviewed by the Committee on a regular basis. The Committee will conduct a post-loss analysis of patron and employee accidents. The minutes will reflect, in detail, discussions of the agenda items. Inspection Program – Very Good – no recommendation at this time.
Page 108 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
3. Screening and Review – Good - Obtain current MVRs for staff that drive for the
District as well as proof of auto insurance from each employee that uses their own vehicle for District business. Establish a written policy for dealing with employees whose driving records become unacceptable.
ADA Implementation – Very Good - no recommendations at this time. Injury and Illness Prevention Program (IIPP) - Good – The General Manager will also put in place a policy requiring an annual review of the Injury and Illness Prevention Program. Waiver and Release – Very Good - no recommendations at this time. Facility Use Agreement – Very Good - no recommendations at this time. Parks and Facilities – Very Good - no recommendations at this time. Pools – Very Good – no recommendations at this time. Entrance Medical Exam – Very Good - no recommendations at this time. Job Descriptions – Very Good - no recommendations at this time. Volunteers – Very Good - no recommendations at this time. Life Safety – Very Good – The General Manager will establish an emergency plan and will have drills conducted at least annually. Beaumont-Cherry Valley Recreation and Park District – September 23, 2019 Beaumont-Cherry Valley received a Very Good evaluation. Safety Committee – Very Good – no recommendations at this time. Inspection Program – Very Good – no recommendations at this time. Screening and Review – Very Good - no recommendations at this time.
Page 109 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
ADA Implementation – Very Good, no recommendations at this time. Injury and Illness Prevention Program (IIPP) – Very Good – The District last reviewed their IIPP on February 18, 2018 and will improve upon conducting and documenting an annual review of the Injury and Illness Prevention Program. Waiver and Release – Very Good - no recommendations at this time. Facility Use Agreement – N/A: At this time this does not apply. Parks and Facilities – Very Good - no recommendations at this time. Pools – N/A. The District does not have any pools. Entrance Medical Exam – Very Good - no recommendations at this time. Job Descriptions – Very Good - no recommendations at this time. Volunteers – Very Good – no recommendations at this time. Life Safety – Good – The District Office is being remodeled and the District will have emergency plans as well as start conducting emergency drills at least annually. Desert Recreation District – September 24, 2019 Desert received a Very Good evaluation. Safety Committee – Very Good – no recommendations at this time. Inspection Program – Very Good – no recommendations at this time. Screening and Review – Very Good - no recommendations at this time. ADA Implementation – Very Good – no recommendations at this time. Injury and Illness Prevention Program (IIPP) – Very Good – no recommendations at this time.
Page 110 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Waiver and Release – N/A – Desert has Workers’ Compensation insurance through CAPRI and has liability and property insurance through CAL JPIA. Facility Use Agreement – N/A - Desert has Workers’ Compensation insurance through CAPRI and has liability and property insurance through CAL JPIA. Parks and Facilities – Very Good - no recommendations at this time. Pools – Very Good – no recommendations at this time. Entrance Medical Exam – Very Good – no recommendations at this time. Job Descriptions – Very Good - no recommendations at this time. Volunteers – Very Good – no recommendations at this time. Life Safety – Very Good – The District has written documentation regarding emergency drills but will start to conduct the emergency drills at least annually. North County Recreation and Park District – September 30, 2019 North County received a Very Good evaluation. Safety Committee – Good – Conduct Safety Meetings at least quarterly with minutes of the meeting being sent to CAPRI within 30 days from the date of the meeting. Have the minutes reflect, in detail, discussions of the agenda items. Inspection Program – Very Good – no recommendations at this time. Screening and Review – Very Good - no recommendations at this time. ADA Implementation – Good – The District could benefit from having Facility Condition Assessments for all their parks. The District has signed up with DAC to help facilitate their ADA compliance needs as well. Injury and Illness Prevention Program (IIPP) – Very Good - The District should have an annual review of the Injury and Illness Prevention Program.
Page 111 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Waiver and Release – Very Good - no recommendations at this time. Facility Use Agreement – Very Good - no recommendations at this time. Parks and Facilities – Good - Sidewalks, parking areas, and tire stops are in good condition but a recommendation to review the handicap parking spaces for compliance as well as sidewalks for any tripping hazards. Play areas are in good condition and the District should insure there is enough surface material. Pools – N/A. The District does not have any pools. Entrance Medical Exam – Good – The District will start to require post-offer, preemployment medical examinations for full-time employees. The District will also advise candidates for a position are informed that the offer of employment is conditional upon completion of a satisfactory medical exam. Job Descriptions – Very Good - no recommendations at this time. Volunteers – Very Good - no recommendations at this time. Life Safety – Very Good – no recommendations at this time. Highlands Recreation District – October 21, 2019 Highlands received a Very Good evaluation. Safety Committee – Very Good – no recommendations at this time. Inspection Program – Very Good – no recommendations at this time. Screening and Review – Very Good - no recommendations at this time. ADA Implementation – Very Good – no recommendations at this time. Injury and Illness Prevention Program (IIPP) – Very Good – no recommendations at this time. The District signed up with Target Solutions so they can provide even more training
Page 112 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
for their staff. Waiver and Release – Very Good - no recommendations at this time. Facility Use Agreement – Very Good - no recommendations at this time. Parks and Facilities – Very Good - no recommendations at this time. Pools – Very Good – no recommendations at this time. Entrance Medical Exam – Very Good - no recommendations at this time. Job Descriptions – Very Good - no recommendations at this time. Volunteers – N/A - The district currently does not have any volunteers. Life Safety – Very Good – No recommendations at this time. RECOMMENDATION: Information only. REFERENCE MATERIALS ATTACHED: None.
Page 113 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 10.2
EXECUTIVE DIRECTOR/ STAFF REPORTS SUBJECT: CAPRI Member Trainings Update
BACKGROUND AND STATUS: CAPRI has taken its show on the road! CAPRI Staff recently conducted the first of its series of in-person regional trainings to be conducted at the end of 2019. The half-day training was held at Carmichael Recreation & Park District and consisted of two presentation intended to serve District administrative staff who handle Workers’ Compensation, Liability claims, Property claims, and more. Over 25 individuals attended the first training in October and there is similar interest for the upcoming events. Special thank you to Dori Zumwalt for agreeing to present at these trainings! The remaining schedule is as follows: November 21: Southern California (Beaumont-Cherry Valley) December 9: Southern California (Conejo) December 10: Bakersfield December 16: Livermore
Page 114 of 129
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 10.3
EXECUTIVE DIRECTOR/ STAFF REPORTS SUBJECT: Hayward Area Safety Fair Update
BACKGROUND AND STATUS: On October 16, 2019, the Hayward Area Recreation & Park District conducted its First Annual Safety Fair. CAPRI’s Safety Analyst travelled to Hayward to attend the event and has prepared the attached summary. CAPRI intends to recognize this Safety Fair as a qualifying safety training for purposes of the Safety Credit Discount. REFERENCE MATERIALS ATTACHED:
• Safety Fair Summary by Mr. Kirk Andre
Page 115 of 129
October 16, 2019 (Written by Kirk Andre, Safety Analysis)
Hayward Area Recreation and Park District 1st Safety Fair
The Safety Fair had three classes:
1. Disaster Service Worker 2. Active Shooter Response Training 3. Fire Prevention and Safety
H.A.R.D. held its first Safety Fair at their Matt Jimenez Community Center on October 16, 2019. The GM, Paul McCreary, was unable to attend. His staff did an excellent job organizing and putting on the fair. There were many other staff members that made this event possible but the main staff that coordinated and ran the fair were:
Safety Officer: Kevin Hart Administrative Services Director: Janelle Cameron Risk/Human Resources Specialist: Jennifer Arias Human Resources Manager: Martha Mena Recreation, Arts, & Community Services Director: James Wheeler Capital Planning and Development Director: Meghan Tiernan Since most employees do not think about situations such as a fire, active shooter, or earthquake and what to do in those scenarios, the safety fair was to educate as well as help employees understand and be aware of their surroundings as they work and enjoy their parks. Hayward was expecting about 180 full-time and part-time employees to attend the fair. The fair was scheduled for session 1 in the morning and session 2 in the afternoon. Each session consisted of three classes which were Disaster Service Worker, Active Shooter Response Training, and Fire Prevention and Safety. I attended the morning session wherein there were a little more than 30 employees in each class. Every employee had to attend the three classes and sign the sign-in sheet to get credit. Each of the three classes were presented three times in the morning and three times in the afternoon. Each class was a little over an hour long.
Page 116 of 129
The Disaster Service Worker class discussed about earthquakes since Hayward lies on a fault and being prepared in an emergency is crucial. The class taught the employees that under California Government Code, Section 3100-3109 that all pubic employees are obligated by State Law to serve as Disaster Service Workers. DSWs provide aid and services to the public following a declared emergency, disaster, or catastrophic incident. The Active Shooter Response Training was presented by the Alameda County Sheriff’s Department. This class was intense and consisted of learning about “Run, Hide, Fight.” There were a few videos that were shown that were graphic. One video was a body camera on an officer wherein he shoots a suspect and then had to place a tourniquet on the suspect’s leg to save his life. One of the speakers from the department spoke about her experience while attending the Jason Aldean concert at the Las Vegas shooting. This was a humbling experience hearing it firsthand from a person that had bullets coming at her. The Fire Prevention and Safety class was presented by Fire Protection Specialists. This class emphasized the importance of being ready when there is a fire including knowledge of escape routes, pulling a fire alarm, and using a fire extinguisher. The employees were all able to use a fire extinguisher outside for a hands-on experience. One good aspect I got out of this class was that carbon monoxide builds up from the floor to the ceiling unlike smoke that rises. Smoke detectors should be on the ceiling and carbon monoxide detectors need to be at electrical outlet levels.
Page 117 of 129
Regular Board Meeting
California Association for Park & Recreation Indemnity
BACKGROUND AND STATUS: CAPRI Staff, as part of ongoing efforts to improve delivery of services and increase efficiency of the organization, has prepared a master calendar to be used in operations management for the fiscal year. The document is not intended to be exhaustive, but instead to be used as a planning tool throughout the year. RECOMMENDATION: Information only. REFERENCE MATERIALS ATTACHED:
• CAPRI Staff Calendar
Page 118 of 129
CAPRI & CARPD CALENDAR OF EVENTS 2019 - 2020
JULY 2019 July 31st | 1st Quarter WC premium Due July 31st | 1st Half Liability & Property Due
AUGUST 2019 August 31st | Final Payroll Calculations Due
SEPTEMBER 2019 September 18th | CAPRI Board of Directors Meetings
OCTOBER 2019 October 1st | 2nd Quarter WC Premium Due October 16th | CARPD Board of Directors Strategic Meeting October 17th | Prep & Complete Sponsor Registration Packet October 28th | Sacramento Regional Training (Nurse Triage) October 31st | Research PayPal for Website Due
NOVEMBER 2019 November 1st | Sponsor Registration Packet Due November 4th | Start the Audit process with James Marta & Company November 8th | Compile potential New Sponsor Information Due November 8th | CAPRI Agenda Due November 11th | Veteran’s Day November 20th | BILL / ISSUE Checks for Final Payroll 2018-19 November 22nd | CAPRI Board of Directors Strategic Meeting November 22nd | Send email invitations to potential Speakers/Presenters November 25th | Prep Communicator for November/December November 28th & 29th | Thanksgiving break
DECEMBER 2019 December 2nd | SEND 3rd Quarter WC premium invoices December 2nd | SEND 2nd Half Liability & Property invoices December 5th | Send CARPD Communicator for November/December December 5th | Send Memorandum of Coverage December 9th | Regional Training (Conejo) December 11th | CAPRI Holiday party December 16th | Regional Training (Livermore Area)
Page 119 of 129
JANUARY 2020 January 1st | 3rd Quarter WC Premium due January 1st | 2nd Half Liability & Property due January 1st | Beginning of Cycle District Visits January 15th | CARPD Board of Directors Meeting (Tentative) January 18th | Send out Registration/Awards Scholarship packet January 21st | CARPD Conference Registration Opens
FEBRUARY 2020 February 5th | Send & Post CAPRI Agenda February 10th | Prep Communicator for February/March February 18th | Research promotional item February 19th | CAPRI Board of Directors Meeting (Tentative) February 28th | Send CARPD Communicator for February/March February 28th | Order Promotional item due
MARCH 2020 March 1st | Send Estimate Payroll to membership March 1st | Send Ratings Questionnaire March 8th | Awards Submission Due March 11th | CARPD Board Agenda Due March 15th | Scholarship Submissions Due March 20th | CARPD Board of Directors Meetings (TBD) March 31st | Estimate Payroll Due March 31st | Ratings Questionnaire Due March 31st | Order CAPRI Safety Plaques Due March 31st | Order CARPD Award of Distinction Plaques March 31st | Early Bird Registration Closed
APRIL 2020 April 1st | 4th Quarter WC Premium Due April 1st | Estimate Payroll Due April 1st | Ratings Questionnaire Due April 1st | Begin creating power point presentation for Awards Banquet April 13th | Create & print name tags for conference April 15th | Swag for Sponsor bags Due April 20th | Awards Program for Staff to review April 30th | CARPD – Early Registration rates close April 30th | Send Banquet & Awards program to printer Due
Page 120 of 129
MAY 2020 May 13th | CAPRI Board Agenda Due May 27th | CAPRI Board of Directors Meeting (Tenative) May 28th & 29th | CARPD Conference in South Lake Tahoe May 30th | Exposure Date due to Alliant
JUNE 2020 TBD | CAPRI Board of Director’s Telephonic Meeting
Page 121 of 129
Regular Board Meeting
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 10.5
EXECUTIVE DIRECTOR/ STAFF REPORTS SUBJECT: CAPRI Member Calendar
BACKGROUND AND STATUS: CAPRI Staff is committed to continuing to provide excellent customer service to the membership and, as part of that ongoing effort, recognizes that service begins and ends with communication. To that end, CAPRI Staff has prepared a CAPRI Member Calendar to assist members in planning out important dates throughout the fiscal year. For example, the calendar communicates upcoming deadlines for premium payment, return of the Ratings Questionnaire, and the CARPD Conference! Any input or feedback from the Board on this document would be welcomed. RECOMMENDATION: Information only. REFERENCE MATERIALS ATTACHED:
• CAPRI Member Calendar
Page 122 of 129
CAPRI & CARPD Calendar of Events
JULY 2019
July 31st 1st Quarter WC premium Due
July 31st 1st Half Liability & Property Due
AUGUST 2019
August 31st Final Payroll Calculations Due
SEPTEMBER 2019
September 18th CAPRI Board of Directors Meeting
OCTOBER 2019
October 1st 2nd Quarter WC premium Due
October 16th CARPD Board of Directors Strategic Meeting
NOVEMBER 2019
November 22nd CAPRI Board of Directors Strategic Meeting
JANUARY 2020
January 1st 3rd Quarter WC premium due
January 1st 2nd Half Liability & Property Due
January 1st Beginning of Cycle District Visits
January 15th CARPD Board of Director Meeting (Tentative)
January 21st CARPD Conference Registration Opens
FEBRUARY 2020
February 19th CAPRI Board of Directors Meeting (Tentative)
MARCH 2020
March 8th Awards Submission Due
March 15th Scholarship Submissions Due
APRIL 2020
April 1st 4th Quarter WC premium due
April 1st Estimate Payroll Due
April 1st Ratings Questionnaire Due
April 30th CARPD – Early Registration rates close
Page 123 of 129
2
MAY 2020
May 27th CARPD Board of Directors Meeting (Tenative)
May 27th CAPRI Board of Directors Meeting (Tentative)
May 28th & 29th CARPD Conference in South Lake Tahoe
JUNE 2020
TBD CAPRI Board of Director’s Telephonic Meeting
Page 124 of 129
Regular Board Meeting
California Association for Park & Recreation Indemnity
November 22, 2019
Agenda Item 10.6
EXECUTIVE DIRECTOR/ STAFF REPORTS SUBJECT: News of Note
BACKGROUND AND STATUS: Staff regularly collects recent articles, academic papers, District reports, etc. that relate to the business of CAPRI and that may be of interest to the Board and/or the membership. RECOMMENDATION: Information only. REFERENCE MATERIALS ATTACHED:
• “School Slide deemed too steep, girl injured in kindergarten awarded $170K” – Asbury Park Press; October 31, 2019
• “Southern California Edison strikes settlement over fires, mudslides” – Los Angeles Times; November 13, 2019
Page 125 of 129
School slide deemed too steep, girl injured in kindergarten awarded $170K Alex N. Gecan, Asbury Park Press
Published 8:42 a.m. ET Oct. 31, 2019 | Updated 9:53 a.m. ET Oct. 31, 2019 CONNECTTWEETLINKEDINCOMMENTEMAILMORE
HOWELL - A former kindergarten student in New Jersey secured a $170,000
settlement after injuring her hand and arm going down a school playground slide that was
too steep, according to court records.
On Oct. 14, 2014, the then-kindergarten student was using the slide at the Griebling
Elementary School playground during recess, according to a civil complaint filed in state
superior court in June. She “slid down the side at an excessive rate of speed due to the
steep slope of the slide causing her to fall off and sustain significant injuries to her right
hand and arm.”
The slide in question was angled at 35.2 degrees to the ground, despite a federal
standard that slides for preschool- and school-aged children should be no greater than
30 degrees, according to the complaint.
Griebling Elementary School is shown in this photograph. (Photo: Courtesy Howell Township Public Schools)
Ciro Tufano, an attorney for the girl and her family, wrote that the school district was
negligent for failing to keep equipment up to standards and for failing to maintain safe
premises. He also wrote that the school district failed to properly supervise or protect
Southern California Edison strikes $360-million settlement over wildfires and mudslide
A Montecito freeway sign sits in mud on Highway 101 following the debris flows of late 2017. (Michael Owen Baker / For TheTimes)
By JOSEPH SERNASTAFF WRITER
NOV. 13, 20193 PM
Southern California Edison has agreed to pay $360 million to dozens of public agencies affected by wildfires and mudslides inthe last two years, attorneys involved in the deal said Wednesday.
The settlement closes 26 lawsuits involving 23 public entities filed against the utility, including Los Angeles County, which willreceive $78 million, said attorney John Fiske, whose firm represented the county and other agencies in the litigation.
The public entities sued Southern California Edison over expenses and damage they incurred during and after the 2017 Thomasfire, the Montecito mudslide or the 2018 Woolsey fire. The settlement allocates $150 million for agencies affected by the Thomasfire and subsequent mudslide and $210 million for the Woolsey fire, including $13.7 million for the city of Malibu.
A portion of the settlement will be used by the various agencies to repay the California Office of Emergency Services and FederalEmergency Management Agency for their help during the incidents.
“This is the most comprehensive settlement for public entities in a wildfire case in California, probably ever,” said Fiske, a lawyerwith Baron & Budd, who represented the plaintiffs along with co-counsel Dixon Diab & Chambers.
Edison’s equipment sparked the Thomas fire, which killed two people and scorched the Montecito hills in Santa Barbara Countythat flowed through town during a rainstorm a month later, killing 21 more. The utility stated in a corporate filing last month itcould be found responsible for the Woolsey fire too, which was the biggest fire in L.A. County’s history. It estimated its liabilityfor the Woolsey fire plus the Thomas and mudslide could reach $4.7 billion.
The utility did not admit fault in the settlement and still faces lawsuits from individual residents and victims.
“We are pleased to reach agreements to resolve the claims brought by local government entities related to the 2017 and 2018events,” said Pedro J. Pizarro, the president and chief executive of the utility’s parent company, Edison International, in astatement.
“We look forward to engaging with other parties who have a similar interest in good faith settlement efforts. We also willcontinue to make substantial investments in our system and enhance our operational practices to reduce the risk of wildfires inour service area and safely provide power to homes and businesses.”
The settlement comes just weeks after customers of Southern California Edison and Pacific Gas & Electric slammed both utilitiesfor turning off the power for millions to avoid fires similar to the Woolsey and Thomas. Both utilities have said they are workingto make their grid more resilient and to improve outages’ focus but that in the short term they plan to continue precautionarypower shutdowns to avoid sparking deadly catastrophes.
In June, PG&E settled a suit with 14 public entities in Northern California also represented by Fiske’s law firm for $1 billion forPG&E’s role in the 2017 wine country fires and 2018 Camp fire in Paradise that killed 85 people.
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