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SUBJECT: CITY OF LOUISVILLE 2017 INSURANCE RENEWAL <br />DATE: JANUARY 17, 2017 <br />PAGE2OF2 <br />FISCAL IMPACT: <br />Item <br />2017 Budget <br />2017 Actual <br />Under <br />Budget/(Budget <br />shortfall) <br />Property and <br />Casualty <br />$405,662 <br />$341,247 <br />$64,415 <br />Golf Course <br />$ 17,759 <br />$ 16,767 <br />$ 992 <br />Worker's Comp <br />$175,998 <br />$142,614 <br />$33,384 <br />Total — all lines of <br />coverage <br />$599,419 <br />$500,628 <br />$98,791 <br />For all lines of coverage, the City has a 3.96% decrease in insurance premium for 2017. <br />The City is $98,791 under budget for 2017. <br />CITY COUNCIL COMMUNICATION <br />8 <br />