Chapter 3.44
UNEMPLOYMENT INSURANCE BENEFIT FUND/ACCRUED
BENEFIT FUND

Sections:

3.44.010    Created – Purpose – Deposits.

3.44.020    Expenditures.

3.44.030    Administration.

3.44.010 Created – Purpose – Deposits.

There is created a new fund entitled Unemployment Insurance/Accrued Benefit Fund which shall be utilized for the reimbursement of unemployment benefits paid by the Employment Security Department of the State and chargeable to the City, and for payment to current or former City employees for accrued benefits earned and due to them. Deposits shall be made to such fund from City operating funds on a monthly basis or other intervals as determined by the City Council. (Ord. 1966 § 1, 1993; Ord. 1295 § 1, 1978).

3.44.020 Expenditures.

Expenditures from such fund shall be made from time to time as required to reimburse the Employment Security Department of the State for unemployment benefits paid by them and chargeable to the City, and for payment to current or former City employees for accrued benefits earned and due to them. (Ord. 1966 § 1, 1993; Ord. 1295 § 2, 1978).

3.44.030 Administration.

The Finance Director is authorized and directed to establish and administer such fund and to make such temporary investments of fund proceeds in any manner authorized by law. (Ord. 1966 § 1, 1993; Ord. 1295 § 3, 1978).