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What confidence level is used to calculate assessments?

April 26, 2017assessments CALCULATE confidence level Used

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What confidence level is used to calculate assessments?

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SELF’s Policies and Procedures Manual requires that “outstanding claims liabilities are stated at the expected (confidence level)”. This is in accord with Paragraph 22 of the Governmental Accounting Standards Board (GASB) No. 10. The expected level is the best estimate on average of the ultimate loss settlement based on past loss payment patterns and expected future patterns.