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Fiscal Impact <br />The Employers Reinsurance Corporation current premium represents an increase of <br />241.3% from last year's premium ($50,848). The F/Y 02-3 budget was completed prior <br />to receiving the new quote from our broker. An increase of this magnitude was not <br />expected and therefore we will modify our F/Y 02-03 request by $71,734.00. You will <br />receive this budget at the end of July. <br /> <br />Maria Rivera-Pe~a - ' - Ed E <br />Human Resources Director City Manager <br /> <br /> <br />