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Human Resources Department, Risk Management Division, recommending the Board authorize the Director of Human Resources to sign the attached PRISM Joint Powers Authority agreement and Coverage Memorandum of Understandings.
FUNDING: Risk Funds.
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DISCUSSION / BACKGROUND
PRISM was formed in 1979 by the California State Association of Counties (CSAC) for and by the California counties. Today, 54 of California's 58 counties participate in one or more PRISM programs. In 2001, PRISM expanded its offerings to other California public agencies. At this point, over 70% of California's cities participate in one or more PRISM programs. In addition, a variety of special districts, school districts, and JPAs also participate in PRISM Programs. PRISM is recognized as the largest public entity property and casualty pool in the United States.
After 25 years of public entity members participating in PRISM, the PRISM members have proposed updating the Board of Directors' composition to recognize the partnership between the counties and the public entity members. At present, the PRISM Board of Directors is composed of 54 county members (all of whom hold voting positions on the Board of Directors) and 7 public entity voting spots, for a total of 61 voting members. There are also 3 alternates for the public entity votes, but they only fill the 7 voting spots, not add to them. The proposal is to add 10 voting public entity board seats, bringing the total to 17 (with 3 additional alternates), instead of 7 (with 3 additional alternates). This results in a total of 71 Board of Directors voting seats. Under this proposal, the counties will hold 76% of the Board of Directors’ seats.
In addition, the PRISM members have proposed updating the composition of the Executive Committee, which oversees the organization's day-to-day activities. Currently, the Executive Committee has 11 members, and the proposal is to increase the membership to 13, with 2 additional alternates...
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