Chapter 4.38
INDUSTRIAL INSURANCE CUMULATIVE RESERVE FUND

Sections:

4.38.010    Establishment.

4.38.020    Transfer of cash to fund.

4.38.030    Investment of funds in certificates of deposit.

4.38.010 Establishment.

An industrial insurance cumulative reserve fund is established.

(§ 1 of Res. adopted January 18, 1978).

4.38.020 Transfer of cash to fund.

The county treasurer is hereby directed to transfer the sum of $100,000 from the current expense fund into the newly created industrial insurance cumulative reserve fund.

(§ 2 of Res. adopted January 18, 1978).

4.38.030 Investment of funds in certificates of deposit.

The county treasurer is further directed to immediately invest the full $100,000 in certificates of deposit and make available copies of said certificates to be sent to the Department of Labor and Industries.

Transfer from:

 

 

 

Nondepartmental

0-02-350-000

Source code

514.30

 

 

Object 30, Other Services & Charges Subject 42, Miscellaneous Item 0311, Personal Services Contingencies

$100,000.00

 

 

Transfer to:

 

 

 

Industrial Insurance Cumulative Reserve

6-02-130-000

Source Code

360.00

 

 

369.30 Contribution from Active Funds

$100,000.00

(§ 3 of Res. adopted January 18, 1978).