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IT <br /> Financial Management <br /> DATE: 8/19/2024 <br /> MEMO: <br /> TO: Honorable Mayor Moore Wolfe and <br /> City Council Members <br /> FROM: Tim Gleason,City Manager <br /> Ruby F James,City Treasurer&Chief Financial Officer <br /> SUBJECT: Resolution Authorizing Payment for Workers Compensation Services from Illinois Public Risk Fund <br /> SUMMARY RECOMMENDATION: City Administration recommends Council approval for payment of$23,056 for workers <br /> compensation services with Illinois Public Services Fund. <br /> BACKGROUND: <br /> The City has contracted with Illinois Public Risk Fund(IPRF)for workers compensation services for the past five years. The City <br /> is very pleased with their services and find them to be very thorough and knowledgeable in workers compensation. We feel we <br /> have saved money and time by using IPRF to communicate with hospitals and employees to resolve their issues and get bills paid <br /> in a timely manner. Also, IPRF uses their experience to negotiate on claims for fair settlements. <br /> Prior year fees were $24,822 and this year's proposal is $23,056. The direct fee paid to IPRF will be $5,881 compared to $5,548 <br /> last year. This seems like a very reasonable fee for the services we are receiving. The City receives approximately 90 workers <br /> compensation reports a year and a little over half of those cases have needed treatment. <br /> PRIOR COUNCIL ACTION: None <br /> POTENTIAL OBJECTIONS: None Anticipated. <br /> INPUT FROM OTHER SOURCES: None <br /> STAFF REFERENCE: Ruby F.James,City Treasurer&Chief Financial Officer <br /> BUDGET/TIME IMPLICATIONS: <br /> The increase would mostly impact the 2025 budget. <br /> ATTACHMENTS: <br /> Description Type <br /> Resolution Authorizing Payment for Workers Resolution Letter <br /> Compensation Services from Illinois Public Risk Fund <br />