Title
Consider a memorandum/resolution authorizing the approval of the TMLIRP Cyber Liability and Data Breach Response Interlocal Agreement at the estimated cost of $1,875 for Fiscal Year 2025.
Body
DATE: November 5, 2024
TO: Kent Cagle, City Manager
FROM: Kate McDaniel, Executive Director of Human Resources
SUBJECT: Texas Municipal League Intergovernmental Risk Pool Cyber Liability and Data Breach Response Interlocal Agreement
BACKGROUND AND FINDINGS:
The City of Killeen is committed to maintaining a safe and secure internet environment for all city employees. The Texas Municipal League Intergovernmental Risk Pool (TMLIRP) is the City of Killeen’s current provider for workers' compensation, property, liability, and cyber liability insurance. TMLIRP provides Texas municipalities and local government entities with a reliable, cost-effective solution for risk management and loss prevention services. Beginning in fiscal year 2025, TMLIRP is creating a new Cyber Fund, and as a result, we are required to sign an updated Cyber Liability and Data Breach Response Interlocal Agreement.
THE ALTERNATIVES CONSIDERED:
N/A
Which alternative is recommended? Why?
Staff recommends authorizing the City Manager to sign the Cyber Liability and Data Breach Response Interlocal Agreement with TMLIRP for continued cyber coverage, thus minimizing the risk exposure of the City of Killeen to any cyber threat.
CONFORMITY TO CITY POLICY:
Yes.
FINANCIAL IMPACT:
What is the amount of the revenue/expenditure in the current fiscal year? For future years?
The total anticipated cost for the Cyber Liability and Data Breach Response Interlocal Agreement is $1,875 for FY 2025.
Is this a one-time or recurring revenue/expenditure?
Recurring.
Is this revenue/expenditure budgeted?
Yes, funds are available in the Risk Management Internal fund account 623-54230-170-172-000000.
If not, where will the money come from?
N/A.
Is there a sufficient amount in the budgeted line-item for this revenue/expenditure?
Yes.
RECOMMENDATION:
Staff recommends authorizing the signing of the Cyber Liability and Data Breach Response Interlocal Agreement with TMLIRP for continued cyber coverage, thus minimizing the risk exposure of the City of Killeen to any cyber threat with an estimated cost of $1,875 for FY 2025, and authorize the City Manager, or designee, to execute any and all change orders within the amounts set by State and Local Law.
DEPARTMENTAL CLEARANCES:
Purchasing
Finance
Legal
ATTACHED SUPPORTING DOCUMENTS:
Agreement
Presentation