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HomeMy WebLinkAboutNS-1306ORDINANCE NO. NS-1306 AN ORDINANCE OF THE CITY OF SANTA ANA ESTABLISHING A LIABILITY INSURANCE FUND AND A GENERAL INSURANCE FUND AND PROVIDING FOR THE DEPOSIT OF MONEYS THEREIN AND EXPEN- DITURE OF MONEYS THEREFROM. THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS FOLLOWS: Chapter 13 is hereby adopted and added to the Santa Ana Municipal Code, to be entitled and to read as follows: Chapter 13 FUNDS ARTICLE I. LIABILITY INSURANCE FUND Section 13-1. Creation of Liability Insurance Fund. There is hereby created and established the Liability Insurance Fund. Section 13-2. Deposit of Moneys. The City Council may, from time to time, transfer to the Liability Insurance Fund moneys from the General Fund or any other fund which may be used for the purposes set forth in Section 13-3, in such amounts as are necessary to establish such fund and main- tain its solvency. The City Council may abolish said fund when the purposes set forth in Section 13-3 have been satisified and no further need exists for said Fund. Section 13-3. Expenditure of Moneys. Moneys in the Liability Insurance Fund shall be expended for payment of claims and judgments for damages incurred by the City in the operation of a self-insured liability insurance program. ARTICLE II. GENERAL INSURANCE FUND Section 13-10. Creation of General Insurance Fund. There is hereby created and established the General Insurance Fund. Section 13-11. Deposit of Moneys. The City Council may, from time to time, transfer to the General Insurance Fund moneys from the General Fund or any other fund which may be used for the purposes set forth in Section 13-12, in such amounts as are necessary to establish such fund and maintain its solvency. The City Council may at any t~me transfer moneys from said General Insurance Fund to any other appropriate fund or may abolish said fund. Section 13-12. Expenditure of Moneys. Moneys in the General Insurance Fund shall be expended for expenses incurred by the City in the operation of a self-insured liability insurance program, as well as a general insurance program, including, but not limited to, wages, salaries and fringe benefits ORDINANCE NO. NS-1306 PAGE TWO of City employees charged with the management and administration of said program, adjustment and litigation of claims and suits, and necessary clerical support services, and for other operating expenses of such program, including, but not limited to, pur- chase of supplies, material and equipment necessary to conduct said programs, contractual and professional services for litiga- tion and settlement of claims, expert services, auditing services, and premiums for excess liability and general insurance policies. PASSED AND ADOPTED by the City Council of the City of Santa Ana at its re§ular meeting held on the 19thday of 3u1¥ , 1976. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SANTA ANA ) I, FLORENCE I. MALONE, do hereby certify that I am the Clerk of the Council of the City of Santa Ana; that the foregoing Ordinance was introduced to said Council at its regular meeting held on the 6th day of 3uly , 1976, and was again considered by said Council at its regular meeting held on the 19th day of 3uly , 1976, and was at said meeting passed and adopted by the following vote, to wit: AYES, COUNCILMEN: Evans, Yamam0to, Bricken, 0rtiz, Garthe, Brandt~ Ward NOES COUNCILMEN: None ABSENT, COUNCILMEN: None ELOR~NCE ~. A~A[ON~ APPROVED AS TO FORM~''~-" ~-~ KEITH L. GOW CITY ATTORNEY CLERK OF THE COUNCIL