§ 2-202. Established; size.

Latest version.

(a)

A trust fund to be known as the "risk management trust fund" shall be established and used for the purpose of providing the city risk manager with funds to pay the city's claims, claim costs, and risk management expenses. Such trust fund shall not be used for any other purpose.

(b)

All monies received by the city for the purpose of funding the risk management trust fund shall be deposited into the trust fund. The monies placed in the risk management trust fund shall be derived from departmental contributions, refunds, interest, investment income and amounts recovered for the benefit of the trust fund.

(Ord. No. 2892, § 1, 5-27-14)

                    
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