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RISK-RELATED ACTIVITY FUND

 

The Risk-Related Activity Fund, which is financed by state equalization monies based on the October 1 student counts and earnings on investments, is used to purchase insurance protection for the District and to pay self-insured property and casualty claims of the district.  In 2007-08, funding for the Risk-Related Activity Fund is provided by a state allocation in accordance with the provisions of C.R.S. 22-54-105.

 

The district's risk management policy includes various forms of loss prevention, control, and transfer.  Security department services are also included in this fund.  The role of the security department is to protect the district's physical property, the people on district premises, and all the district's assets - tangible and intangible. 

 

The district is protected as follows:

            Auto Collision/Comprehensive - Insured with a $10,000 deductible

            Automobile Liability - Insured with dollar one coverage

            Crime - Insured with a $50,000 deductible

            Errors and Omissions - Self-Insured

            General Liability – Self-Insured

            Property - Insured with a $25,000 deductible

            Workers Compensation - Self-Insured