Chapter 3.30
RISK MANAGEMENT FUND

Sections:

3.30.010    ESTABLISHED.

3.30.020    PERMISSIBLE USES.

3.30.030    REVIEW.

3.30.010 ESTABLISHED.

There is created an intragovernmental service fund to be known as the risk management fund. (Ord. 4556, Added, 06/13/1996)

3.30.020 PERMISSIBLE USES.

Permissible uses of the risk management fund shall be limited to the following:

(a)    Payment of claims and related costs;

(b)    Payment of negotiated settlements and related costs;

(c)    Payment of judgments and related costs;

(d)    Payment of the costs of litigation, including, but not limited to, outside attorneys fees and costs of discovery and witnesses;

(e)    Payment of insurance premiums and related costs; and

(f)    Payment of administrative costs related to Office of Risk Management operations. (Ord. 4556, Added, 06/13/1996)

3.30.030 REVIEW.

The operation of the risk management fund shall be reported and reviewed quarterly with the council fiscal and budget committee. The report shall include the amounts of all expenditures made from the fund for claims, negotiated settlements, insurance settlements, judgments, litigations, and their related costs. An annual accounting of this fund shall be included in the Risk Manager’s annual report to the Council. (Ord. 4556, Added, 06/13/1996)