Action Consent Calendar First Reading Information Presentation Public Hearing Roll Call Vote Required RECOMMENDATION:
Information only.
DISCUSSION/PROGRAM:
California Education Code Section 42141 requires an annual disclosure to the Board regarding the estimated accrued, but unfunded, liability for self-insured workers’ compensation claims. The code requires that these cost estimates be based on actuarial studies conducted at least every three years. An actuarial study was completed by Bay Actuarial Consultants in June of 2011. Copies of the actuarial study are maintained in Risk Management for review.
This report is based only on self-funded claims incurred as of June 30, 2005. As the Board may recall, the District joined a fully-insured program on July 1, 2005, ending the accrual of new self-funded claims. The fully-insured program the District joined is the Protected Insurance Program for Schools (PIPS). During the period it was self-funded, the District also carried Excess Workers’ Compensation insurance, and thus the figures presented here are “limited” to only those amounts for which the District is responsible. Amounts that are the liability of an Excess insurance carrier are not included here.
The undiscounted limited estimated cost for self-funded workers’ compensation liabilities as of June 30, 2014 was $1,476,212, including the incurred-but-not-reported (“IBNR”) component. This future liability is covered within the Workers’ Compensation Fund reserves, so there was no unfunded liability at the end of Fiscal Year 2013-2014.
A different section of State law requires another notification to the Board, but calculates the estimated future liability in a different manner than it does under California Education Code 42141. Labor Code Continued… LEGAL REFERENCE: California Education Code Section 42141
California Labor Code Section 3702.6(b)
FISCAL IMPACT: The cost of the Workers' Comp program contribution for 13/14 was $3,569,664.
The amount budgeted for the Workers' Comp program contribution for 14/15 is $3,900,000.
Section 3702.6(b) requires staff to notify the Board of Education within 90 days of submitting the Workers’ Compensation Public Self-Insurer’s Annual Report to the Department of Industrial Relations and to advise the Board of total workers’ compensation liabilities reported and whether current funding of those liabilities is in compliance with the requirements of Government Accounting Standards Board (GASB) Publication No. 10. The report was submitted to the State before the deadline of October 1.
The reported total undiscounted estimated future liability for all reported self-insured claims as of June 30, 2014, was $6,655,551. Including excess insurance coverage reserves, current funding restricted or set aside solely to pay workers’ compensation liabilities is $5,559,581. Current funding of liabilities is in compliance with the requirements of GASB 10.
The two figures presented here regarding future workers’ compensation liabilities differ because they are calculated differently under the two sections of State law, Education Code and Labor Code. The first future liability figure presented here ($1,476,212, Education Code) differs from the second figure ($6,655,551, Labor Code) because of the following: The Education Code figure is limited to only claims incurred before June 30, 2005; It is limited to only future liability within our Self-Insured Retention (not including the Excess Insurance liability), and; it includes a component for IBNR. The main reason for this difference is that the Labor Code requires that we present the future liability of all self-insured claims, even if those claims are fully-funded, as are our claims under PIPS, while the Education Code allows us to exclude those fully-funded claims from our calculation. This is a significant difference for our District because the self- funded portion of our claims liability is decreasing over time, while the fully-funded portion is likely to increase. The other difference between the two requirements is that Education Code requires that estimation of the unfunded future liability be based on an actuarial study, while the Labor Code requires only a simple estimation.
It should be noted that actual liability exists only for claims originating during the District’s self-insured period, which ended on June 30, 2005. As reported above, the District joined PIPS on July 1, 2005, which is a fully-insured program. The reported “future liability” of $6,655,551 includes a combination of self- insured and fully-insured PIPS claims. By direction of the State Division of Industrial Relations, we are required to fold both programs’ numbers into one report. By subtracting PIPS claims, the District’s actual
MOVED BY: _________________________ SECONDED BY: _________________________
VOTE: BEATTY ___ DAVIS ___ GUTSCHOW ___ PATAPOW ___ RANFTLE ___ STUDENT VOTE: PBREFERENTIAL ARRETT ___
TO: BOARD OF EDUCATION MEETING DATE: November 17, 2014
FROM: Malliga Tholandi AGENDA ITEM: G-316
Staff Support: Joy Ramiro
SUBJECT: ENROLLMENT REPORT NO. 2/2014-2015 Action
Consent Calendar First Reading Information Presentation Public Hearing Roll Call Vote Required RECOMMENDATION:
Information only.
DISCUSSION/PROGRAM:
The second month enrollment report for the period ending October 10, 2014, is attached for the Board’s review.
Current school year enrollment comparison: Month 1 to Month 2
Elementary schools Increase of 14
Middle schools Decrease of 11
High schools Decrease of 14
Special Education Non-Public Schools (NPS) increase of 2
The District’s total enrollment at the end of the second month was 35,612 and represents a net loss of 9 students from month one of this year.
The attendance rate for month two is 97.39 percent.
LEGAL REFERENCE: N/A FISCAL IMPACT: N/A
K-5 Enrollment
School TK Kind Grade 1 Grade 2 Grade 3 Grade 4 Grade 5 Sub -Total Sp Ed Total Total Difference
Adobe Bluffs 372 8 47 62 52 55 68 64 356 16 372 0 Canyon View 524 16 75 81 82 94 81 80 509 19 528 4 Chaparral 840 26 125 127 121 132 146 138 815 26 841 1 Creekside 574 25 82 72 89 99 98 102 567 9 576 2 Deer Canyon 531 11 73 67 86 99 97 92 525 9 534 3 Del Sur 577 24 106 114 89 96 80 68 577 577 0 Design 39 726 25 126 102 107 110 116 133 719 719 (7) Garden Road 440 23 52 72 72 68 57 75 419 23 442 2 Highland Ranch 744 26 110 121 117 125 114 117 730 17 747 3 Los Penasquitos 537 16 65 80 80 83 109 96 529 10 539 2 Midland 634 26 91 105 108 108 98 102 638 638 4 Monterey Ridge 1,036 24 188 158 163 145 184 144 1,006 33 1,039 3 Morning Creek 823 23 120 143 124 120 124 130 784 39 823 0 Painted Rock 669 26 91 90 110 107 127 96 647 17 664 (5) Park Village 651 22 72 89 109 116 99 115 622 30 652 1 Pomerado 445 16 58 63 65 69 86 64 421 20 441 (4) Rolling Hills 425 22 53 69 82 56 65 83 430 430 5 Shoal Creek 611 26 85 91 84 106 91 90 573 36 609 (2) Stone Ranch 989 44 123 117 174 159 173 188 978 12 990 1 Sundance 550 20 72 79 80 98 84 79 512 35 547 (3) Sunset Hills 454 16 55 63 62 82 59 67 404 50 454 0 Tierra Bonita 489 17 82 65 60 80 76 72 452 39 491 2 Turtleback 572 21 73 106 90 90 78 86 544 29 573 1 Valley 739 26 121 118 114 121 122 116 738 738 (1) Westwood 796 37 130 104 134 127 136 121 789 9 798 2 Willow Grove 761 23 118 104 111 130 140 121 747 13 760 (1) New Directions 12 1 2 3 2 2 3 13 13 1 TOTAL ELEMENTARY 16,521 589 2,394 2,464 2,568 2,677 2,710 2,642 16,044 491 16,535 14