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FINANCE DEPARTMENTAL OBJECTIVE
FINANCE DEPARTMENTAL OBJECTIVE
Compile, review and report on financial status of TML Risk Management Pool, while insuring the integrity of financial information and operations.
FINANCIAL HISTORY
In the last five years, the TML Pool’s assets have averaged $105,000,000 and liabilities $61,000,000. Meanwhile, surplus has been reduced by 6%. This deliberate decrease in surplus is due to the member credits given during the five year period totaling $31,750,000, while maintaining a financially stable surplus of $41,000,000.
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