Common use of Financial Monitoring and Reporting Clause in Contracts

Financial Monitoring and Reporting. The Consultant shall: • Develop annual budgets for SJVIA programs; • Provide quarterly summary loss experience reports to the SJVIA; • Provide quarterly reports covering actual versus budgeted costs; • Provide year-end financial reports on the programs in consultation with the SJVIA Auditor-Treasurer; • Work with the SJVIA to develop the annual financial report; • Provide other financial reporting including actuarial valuations • Benchmark costs by specific line of coverage • Provide underwriting for participating entities; • Collect and present detailed claims and utilization results; • Provide data & claims analysis and reporting; and • Develop and present Executive Claims Report at SJVIA Board meetings.

Financial Monitoring and Reporting. The Consultant shall: •  Develop annual budgets for SJVIA programs; •  Provide quarterly summary loss experience reports to the SJVIA; •  Provide quarterly reports covering actual versus budgeted costs; •  Provide year-end financial reports on the programs in consultation with the SJVIA Auditor-Treasurer; •  Work with the SJVIA to develop the annual financial report; •  Provide other financial reporting including actuarial valuations •  Benchmark costs by specific line of coverage •  Provide underwriting for participating entities; •  Collect and present detailed claims and utilization results; •  Provide data & claims analysis and reporting; and •  Develop and present Executive Claims Report at SJVIA Board meetings.