Risk Management

Risk Management is the process of identifying and evaluating the risks associated with the activities and operations of the District; developing measures to control, reduce or eliminate those risks, and financing losses.

The District is exposed to various risks such as claims related to torts; theft of, damage to, and destruction of assets; and injuries to employees. Safety programs, security, emergency plans, training, and a wide range of policies and procedures all help to prevent and mitigate losses.

The Risk Management Fund is used to account for the payment of loss of or damage to property of the District, liability claims, workers’ compensation claims, and related administrative expenses.