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~ - TML Apri120, 2009 1. 10-44 I.'VT'ERGOVERNMENTAL RISK POOL Mr. Kevin Carruth City Manager City of Paris PO Box 9037 Paris, TX 75461-9037 RE: 2007-08 Equity Return - Workers' Compensation and Liability Funds Dear Mr. Carruth: I TPARIS, T~ MANAGEEXA~R The City of Paris is eligible to receive a portion of equity distributions from the Warkers' Compensation and Liability Funds, approved by the Pool's Board of Trustees. The attached Announcement explains the conditions and eligibility criteria for the equity return. This action is in keeping with the Pool's long-standing policy of sharing the benefits of favorable financial results with its members. A history of equity returns in twelve of the last fifteen years is included in the Announcement. Your loss ratio and length of inembership in the Workers' Compensation and Liability Funds qualify you for a total equity return of $69,149. Your equity return check is enclosed. The City of Paris has received $333,882 in equity returns since 2003-2004 as shown in the following table. Because of positive financial results, the Pool has CITY OF PARIS returned Workers' Compensation equit in ei ht of EQUITY RETURNS y g the past fifteen years. The Pool has returned FiscalYear WIC i Liability Praperty Tofal Liability Fund equity in nine of the past fifteen 2003-04 ; ; $39,206 : ~$39,206 . years. Although the Property Fund's experience in 2004-05 ` ; $36,330 ~ , $20,360 ~$56,690 2007-08 was favorable because of the support of 2005-06 $70,395 $14,840 1 $85,235 t e Pool's Large Loss and Reinsurance Funds, the ; 2006-07 1 $36,256 $45,133 , $2,213 $83,602 Pool's Board of Trustees has elected to retain : 2007-08 $40,394 ; $28,755 1 ~ $69 149 equity in the Property Fund, recognizing potential , legislative changes to state and national wind and Total $76,65Q $219,819 $37,413 $333,882 flood insurance programs and anticipated increased costs for the Pool's Property Rein surance renewal on May 1, 2009. Thank you for your successful efforts in controlling losses. Remember that the Pool's Loss Prevention staff is available to provide training and assistance in all aspects of loss prevention. On behalf of the Board of Trustees, thank you for your continued participation in the Pool. Please contact your Field Services Representative at 1-800-537-6655 if you have any questions. Sincerely, R. Marvin Townsend Executive Director cc: Mr. W E(Gene) Anderson, Finance Director TEXAs MuNicrpas. L,EAGz_rF, lrrTERGovERrrmErrrAL Risx Poor. 1821 Rutherford Lane, First Flair • Austin,'£exas 78754 •(512) 491-2300 - (800) 537-6555 Texas Only P.O. Box 149194 m~~iy~~~t45r 78714-9194 T lJ !