Agency Budget Risk Management
Risk Management was introduced into the budget process for the first time with the 2003-05 budget cycle as a recommendation of the Risk Management Task Force.
This Task Force was convened in 2000 by Governor Gary Locke and Attorney General Christine Gregoire to renew efforts to better protect the public, mitigate loss and damages related to state services, and recommend ways to improve the state's risk management program. The Risk Management Task Force released its findings in a report issued October 9, 2001. It focused on recommendations intended to improve loss prevention - mitigating risks when services are delivered, in an attempt to avoid human loss and suffering in the first place.
Recommendation 1.1 - Risk Management Task Force
Final report to the Governor and Attorney General
Provide policy level visibility within the budget process to each agency's loss funding requirements and loss prevention efforts. This will provide greater accountability and incentive for effective loss prevention.
On December 7, 2001, Governor Gary Locke issued Executive Order 01-05 Risk Management, which directed agencies to adopt risk management best practices.
Risk Management Budget - Self-Insurance Premium
Budget Information and Links
- Risk Management Division Guidelines for Section 13.1 Risk Management and Self Insurance Premium 2009-11 Budget.
- Agency Biennial Self-Insurance Premiums
- Agency Self-Insurance Premium Decision Packages
- Present Allocation Formula - Risk Management Division Self Insured Liability Fund
- Agency Budget Part 2 - 2009-11 Operating Budget Instructions (Decision Packages and other submittal requirements). See Section 13.1 Risk Management and Self-Insurance Premium budget instructions section.
- The Orange Book - Management of Risk - Principles and Concepts October 2004
Risk Management Budget Tools
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Loss History Reports for Analysis Place your order on-line to receive electronic reports.
- for state agency use
- to agency risk or finance managers
- for requestor's agency data
The Public Entity Risk Institute (PERI) provides information and worksheets on evaluating public sector risks. Agencies may find this a helpful guide to augment other tools and information used for evaluating risk and establishing risk management goals. Risk Identification and Analysis: A Guide for Small Public Entities.
