|Questions regarding this chapter should be directed to the following:|
|Daria Cirish, SIRMBfirstname.lastname@example.org|
|Asset and Inventory Mailboxemail@example.com|
|Elizabeth Daly, CPPA||(860) firstname.lastname@example.org|
|Carol Hagstrom, CPPA||(860) email@example.com|
This section of the Property Control Manual establishes procedures for the notification and reporting of all adjustments to State property as required by the Office of the State Comptroller and the Department of Administrative Services State Insurance and Risk Management Board (SIRMB). Also included are procedures for handling and reporting accidents involving State-owned vehicles and third party losses.
Pursuant to Section 4-33a of the Connecticut General Statutes, "Illegal, irregular and unsafe handling of state funds", the Office of the State Comptroller and the Auditors of Public Accounts must be notified immediately of all losses/damages to State property upon discovery even though they may not be covered under the current insurance programs.
The following procedures are in effect for reporting purposes depending upon the type of claim being filed:
Report of Adjustment to State Owned Real and Personal Property (CO-853)
Use Form CO-853 to report all adjustments including losses or damages to real and personal property other than vehicles pertaining to theft, vandalism, obsolescence, expired or spoiled, criminal or malicious damage, lost or misplaced funds, missing property (cause unknown) or damages caused by wind, fire or lightning, impairment, data breaches, losses of intangible assets, any security breach or to document the removal of any asset or inventory item that is not retired or surplused and items recovered. This form can be found on the Comptrollerís website: http://www.osc.ct.gov/agencies/forms/index.html/. Please complete the on-line form and send the form to the email addresses below.
Office of the State Comptroller: firstname.lastname@example.org
Auditors of Public Accounts: email@example.com
DAS-Insurance and Risk Management: firstname.lastname@example.org
Complete all required information as outlined in Appendix B and make the
proper electronic distribution as indicated on the form. In addition to the
required distribution, if the loss or damage appears to have been caused by
criminal action or under mysterious circumstances, contact the Local Police
Department or if applicable, local security division, i.e. campus police,
capitol police, etc.
For missing property or property lost due to theft the item must be retired from the Core-CT Asset Management system or for non-Executive Branch State agencies, the applicable asset management system. For expired, spoiled or obsolete inventory, Core-CT inventory agencies must complete an adjustment to remove the item from the Inventory module.
Recovery of Lost or Stolen Property
If property is recovered the agency business office will return the recovered item(s) to the department that reported the loss if replacement has not been made or place the item(s) on the surplus property list for DAS/State and Federal Property Distribution Center if a replacement has been made. Agencies must complete a CO-853 form to document the recovery of the item. See Appendix B. If the recovered item has not been replaced, then it must be restored and added to the property control system. Executive Branch agencies will restore the item in the Core-CT Asset Module or in the Core-CT Inventory Module. Restoring the item to the Core-CT Inventory Module only applies to those agencies that use this module.
Every accident involving a State owned vehicle is required to be reported to the Comptrollerís Office. By completing and forwarding the DAS Vehicle Incident/Accident Report form linked to email@example.com for each incident involving either a DAS or agency-owned vehicle, this requirement will be achieved.
For information regarding DAS Fleet vehicles involved in accidents, call 860-713-5160. Any accident involving a state owned vehicle that causes damage or injury to a third party will be reported to the Stateís Third Party Administrator.
Losses Caused by Third Parties
All third-party losses must be reported immediately to the agency head. When damages to an injured employee and State vehicle are due to the negligence of an outside individual, it should be recovered from the individual or his representative.
For Example: A State employee, driving a State vehicle, is in an automobile accident caused by a third party.
The accident report must be completed and submitted as indicated above.
If the dollar amount of the loss/damage cannot be readily determined, the
agency is responsible for obtaining an estimate of damage.
Authority (all property)
Pursuant to Section 4a-20 of the Connecticut General Statutes, the State Insurance and Risk Management Board determines "the method by which the State shall insure itself against losses by the purchase of insurance...to obtain the broadest coverage at the most reasonable cost".
In addition, this section also provides for the proper handling of insurance recoveries as follows: "Any refund, dividend or other payment from any insurance company in connection with insurance for the State shall be returned to the Comptroller for deposit in the general fund."
Basis for Insurance Coverage
The types of coverage and amount are based upon two factors:
In order that optimum insurance coverage is provided at a minimum cost, it is imperative that:
Types of Insurance Coverage
The State currently provides the following types of insurance protection:
Damage to State-Owned Vehicles
The State of Connecticut is self-insured for the first $4,000,000 for fleet automobile coverage. There is an excess liability policy. The State's Fleet Insurance Program coverages are as follows:
The State Insurance and Risk Management Board will file all insurance claim forms based upon the information submitted.
Settlement of Claim
When payment is received, the Comptroller will notify the respective State agency business office in writing. The monies will be deposited in the following revenue account #44322 - Insurance Reimbursement - Other Losses.
Claims for Losses Caused by Third Parties
A claim should also be filed by the State agency against the liable third party. Any assistance, which may be required, will be provided by the Office of the Attorney General in the handling of the claim.
Settlement of Claim
In those instances where the loss is not paid by the State's insurer, the agency will either receive payment directly from the liable third party or settlement will be made with the Office of the Attorney General if that office acted on behalf of the agency initiating the loss.
Allotment of Recovery to Agency
State agencies may obtain the use of funds realized from an insurance settlement provided the following conditions are met:
The Allotment and Accounting Procedures
To obtain use of the amount realized from an insurance settlement, process an "Allotment Request Form", B-107. The date of the advice of insurance claim settlement and the deposit slip number are required on Form B-107. The special identification will be coded 18010 in all instances. Upon receipt of an approved Form B-107, the Comptroller's Budget and Financial Analysis Division will record the allotment for special identification 18010. A record of the insurance recovery appropriation will be established on a "Control Account" basis; i.e., only one account per agency will be maintained.
Insurance recoveries must be used only for the repair or replacement of the property damaged or missing. An insurance recovery for one loss must not be combined with that of another loss. This is a restriction on the use of insurance losses that must be scrupulously observed by all concerned.
Each agency will be required to reconcile the balance in its 18010 account with the individual insurance recoveries and related expenditures. In addition, the agency must, upon completion of any insurance recovery repair or replacement project, report in writing to the Comptroller the balance of the allotment which should lapse. If there is no balance remaining, no report is required.
Upon recovery, the method of handling the payment received will depend upon the method the agency used to budget for third-party recoveries:
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