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EXHIBIT F4 23 PagesOLYMPIC VALLEY PUBLIC SERVICE DISTRICT SPECIAL DISTRICT RISK MANAGEMENT AUTHORITY (SDRAM) CALL FOR NOMINATION DATE:February 23, 2021TO:District Board MembersFROM:Jessica Asher,
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01
Gather all necessary information about the special district's operations, activities, and assets.
02
Identify potential risks specific to the special district, such as liability exposure, property damage, and financial risks.
03
Develop a risk management plan that includes strategies for minimizing and mitigating identified risks.
04
Implement the risk management plan by assigning responsibilities, setting up monitoring mechanisms, and regularly reviewing and updating the plan.

Who needs special district risk management?

01
Special districts such as water districts, fire protection districts, and park districts need special district risk management to protect their operations, assets, and finances from various risks.
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Special district risk management is the process of identifying, analyzing, and addressing potential risks that may impact special districts. It involves implementing strategies to minimize or mitigate these risks in order to protect the assets and operations of the special district.
Special districts, such as water districts, fire districts, and utility districts, are required to file special district risk management reports. These reports help ensure that the special districts are adequately managing their risks.
Special district risk management reports can typically be filled out online or through a prescribed form provided by the governing body overseeing the special district. It is important to accurately report all relevant information about the risks faced by the special district and the strategies in place to address them.
The purpose of special district risk management is to protect the financial stability, assets, and operations of the special district. By identifying and addressing potential risks, special districts can ensure continuity of services and minimize the impact of unforeseen events.
Special district risk management reports typically include information about the types of risks faced by the special district, the potential impact of these risks, and the strategies in place to manage or mitigate these risks. It may also include information about insurance coverage and risk assessment processes.
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