Chapter 3.86
MEDICAL SELF-INSURANCE FUND

Sections:

3.86.010    Fund created.

3.86.020    Purposes – Expenditures.

3.86.030    Unexpended funds.

3.86.010 Fund created.

A special fund to be known as the “medical self-insurance fund” is hereby established for the purpose of consolidating all revenues, expenditures, and reserves associated with the city’s medical self-insurance program into a single fund. (Ord. 1711 § 1 (part), 1992).

3.86.020 Purposes – Expenditures.

Expenditures from the fund shall be made only for city-wide insurance premiums, brokerage fees, administrative costs, and medical insurance related claims and expenses. (Ord. 1711 § 1 (part), 1992).

3.86.030 Unexpended funds.

Any unexpended funds remaining in the medical insurance fund at the end of any budget year shall not be transferred to the general fund or otherwise lapse; rather, said unexpended funds shall be carried forward from year to year until expended for the purposes set forth in Section 3.86.020, unless otherwise directed by ordinance of the City Council.

All initial deposits into the medical self-insurance fund shall be made by transferring medical self-insurance monies from other city funds. (Ord. 1711 § 1 (part), 1992).