CHAPTER 16
UNEMPLOYMENT COMPENSATION FUND

SECTION:

5-16-1:    Fund Created

5-16-2:    Funds Authorized, Disbursements

5-16-3:    Personnel Director’s Duties

5-16-1 FUND CREATED:

There is hereby created and established a new fund to be entitled City of Renton Unemployment Compensation Fund, 608. The purpose of said Fund is to provide a means of disbursing payments for unemployment compensation for which the City may become liable from time to time, effective as of January 1, 1978.

5-16-2 FUNDS AUTHORIZED, DISBURSEMENTS:

The Director of Finance is hereby authorized and directed to initially deposit the sum of five thousand dollars ($5,000.00) into the City of Renton Unemployment Compensation Fund and all disbursements from said Fund shall be limited to the payments of unemployment compensation for which the City may become liable and for no other purpose or purposes.

5-16-3 PERSONNEL DIRECTOR’S DUTIES:

The Personnel Director is hereby authorized and directed to file the necessary documents with the State of Washington evidencing the City’s selection of the reimbursable method for unemployment compensation.

The Personnel Director is further authorized and directed to negotiate an appropriate contract with the Gibbons Company, Inc. of Bellevue for the purpose of administrating the unemployment compensation program. (Ord. 3167, 11-7-77)