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Finance

Measure Overview

# Performance Measure Strategic Plan Goal Business Strategy
P122

Total cost of risk as a percent of county's operating budget (this is an industry standard of measurement) (%)

Government Accountability

Increased Efficiency

Why is this measure important?

This normalized measure is used industry-wide to compare between departments, organizations, or time periods the cost borne by an entity as a result of managing, reducing, or reacting to risk and risk-associated issues within an entity.

Where does the data come from?

Information is derived from SAP at beginning of year for total county budget amount and A&E reports showing quarterly expenses; Excel SS - Compilation of budget, salary, claims data, training and premiums.

How is the measure calculated?

The calculations are based on the Risk Management’s Liability expenses per quarter divided by the County budget for a combined total cost of Risk.

Who to contact if you have questions?

Veronica Espinosa

Additional Information

 


 

FY17 Target

2.99%

or less

FY 18 Target

2.99%

or less

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