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BRENDA W. BROWN <br />JOHN A. COCKLEREECE, CLU <br />GLENN CORPENING, III, CPCU, ClC <br />WOODROE HAYWOOD, CPCU <br />KEN HUCKS, CLU, ChFC <br />KEN McLAMB <br />HERB REESE <br /> <br /> P.O. BOX 3015 <br />GREENSBORO, NORTH CAROLINA 27402 <br /> GREENSBORO TELEPHONE 373-5882 <br /> HIGH POINT TELEPHONE 819-5852 <br /> FAX (910) 373-5858 <br /> <br />January 11, 1994 <br /> <br /> WAYLAND MOORE <br /> Chairman <br /> <br />SHIRLEY Q. RAY, CPCU, ARM, CPIA <br /> Vice Chairman <br /> <br /> EVERETTE ARNOLD, CPCU, ARM <br /> Executive Director <br /> <br /> DAVID A. FLIPPIN, CPCU <br /> Assistant Director <br /> <br />CABARRUS COUNTY <br /> <br />1993 Pool Premiums: $284,693 + $30,000 Medical Malpractice <br /> <br />Proposed 1994/1995 Excess Liability and Property Fund: <br /> <br />$t65,000 <br /> 44,400 <br />$2O9,40O <br /> <br />Liability Contribution <br />Property Contribution <br />Total Liability/Property Fund <br /> <br />$100,000 <br /> 10,000 <br />$110,000 <br /> <br />In-House Liability Reserve <br />In-House Property Reserve <br />Total In-House Reserve <br /> <br />$319,400 Total 1994/1995 Budget <br /> <br />Liability Losses: <br /> <br />YEAR <br />92/93 <br />91/92 <br />90/91 <br />89/90 <br />88/89 <br />87/88 <br /> <br />LOSSES <br /> <br />$136 645 <br /> 19 529 <br /> 68 044 <br /> 34 096 <br /> 34 962 <br /> 20 791 <br /> <br /> BUDGET <br /> COST <br />$319,400 <br /> 228,929 <br /> 277,444 <br /> 243,496 <br /> 244,362 <br /> 230,119 <br /> <br />Liability Losses 1987/1993: $314,067 <br />Property Losses 1987/1993: 61,441 <br /> Total $375,508 <br /> <br /> RESERVE <br /> SAVINGS <br />$953,355 <br /> 825,000 <br /> 660,000 <br /> 495,000 <br /> 330,000 <br /> 165,000 <br /> <br /> <br />