The Risk Management Trust Board submits an annual report to the City Council through the City Manager relating to the status of the Risk Management Trust Fund and making other recommendations that the Board deems necessary and appropriate.  The purpose of the Trust Fund is to provide for the payment of benefits, losses, and claims as set forth in Arizona Revised Statutes § 11-981(A), which include legal defense costs, administrative costs, claims adjusting costs, losses (including those related to workers’ compensation, personal injury or property damage), reserves for anticipated losses and lawsuits, insurance costs (including premiums), external audit, and other expenses related to the operation of the City’s self-insurance program. 

The Risk Management Trust Board meets as needed at the location noted on the meeting agenda.