Title
AMI Risk Consultants, Inc.
Description
For $46,750 in payment authority for a new contract, entered on or about April 1, 2025, for a term of five-years for actuarial services for the City of Phoenix's self-insurance funds for the Finance Department. Actuarial estimates are used as the basis for liability disclosures in the City of Phoenix's Annual Comprehensive Financial Report (ACFR) and to establish budget projections and fund self-insured retention reserve funds. Actuarial analysis is required for the Liability Self-Insured Retention (SIR), Special Risk Fund (SRF), and Workers' Compensation (Work Comp) self-insurance funds. This analysis assesses whether the funds are adequately financed for future obligations, estimates future payouts, and provides recommendations for current and future funding.