The primary purpose of the accounting division is to assist in
fulfilling oversight responsibilities for the company to ensure
integrity of financial statements and financial information such
as compliance with legal and regulatory requirements; internal
controls; accounting and financial report processes; audit completion
and compliance; and 
data
processing functions.
The accounting group provides the Administrator and Board of Trustees
with monthly financial statements and analysis. It is the goal
of the accounting division to provide management and the Board
of Trustees with the information necessary to promote effective
governance and guidance of FRSA-SIF.
The Florida Office
of Insurance Regulation is the regulatory agency primarily
responsible for the financial regulation of FRSA-SIF. Annual,
quarterly, and periodic statements are filed with the Office of
Insurance Regulation as mandated. These statements are prepared
by an independent Certified Public Accounting firm. The Ultimate
Claims Liability for the Annual Statement is developed by an Independent
Actuary.
A summary of the Audited Statement is provided to all members
at the Annual Membership meeting. All financial information is
available to any FRSA-SIF participant upon request by contacting
Mike Ricker, the FRSA-SIF Controller,
michael@frsasif.com
