|
| # |
Name of Initiative |
Summary Description |
Department |
Page |
Revenue Savings or Productivity |
Strategy |
FY2005 Impact |
FY2006 Impact |
FY2007 Impact |
FY2008 Impact |
FY2009 Impact |
Total Impact |
Approval Authority |
| 87 |
Wrap Up Insurance Policy for Capital Construction |
At present, the County requires contractors engaged for capital projects to acquire insurance naming the County as the insured in the case of loss. These insurance costs are typically passed through to the County. Under this initiative, the County will actively explore acquisition of "wrap up" insurance which all contractors would have to engage. The County's advantage of scale in acquiring wrap up insurance would reduce costs. Fiscal impacts would be determined following further analysis to determing analytical, legal, procedural requirements/impediments, and willingness of towns, villages, and other local governments to join in this program. Savings wil be realized in the County's capital fund. The State of New York is implementing this initiative for its own operations |
Risk Management |
V-14 |
Savings |
Process Improvement |
$0 |
$441,000 |
$796,000 |
$624,000 |
$542,000 |
$2,403,000 |
C |
| 88 |
Centralize Collections & Receivables Management |
Overcome present organizational fragmentation of receivables management and collection through establishment of a specialized, central unit focused on this responsibility |
Div of Budget, Management & Finance |
V-10 |
Productivity |
Revenue |
$0 |
$1,010,000 |
$4,122,000 |
$4,554,000 |
$5,032,000 |
$14,718,000 |
C |
| 89 |
Establish Productivity Bank Approach to Investing in Savings Enhancement Projects |
The County will create a Productivity Bank to fund initiatives that will result in future cost savings. When investment is made in a new project or technology that is anticipated to save the County money, it expects a return on that investment. Using a Productivity Bank system, department heads will propose projects to a central committee that will evaulate requests and develope a formal framework for the savings to be achieved. Savings can come through reduced hardware or software maintenance, decreased overtime, the elimination of positions through attrition, or other ways. By agreeing to project terms in a formal agreement up front, there can be a clear understanding about how the cost savings will be reflected in subsequent budgets |
Div of Budget, Management & Finance |
V-9 |
Productivity |
Cost Recovery |
$0 |
$0 |
$1,046,000 |
$3,661,000 |
$7,584,000 |
$12,291,000 |
C |
|
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