HomeMy WebLinkAbout1974 Ordinance No. 003• I
WE~. Article 10. Part II Section 1 of the
Englewood Bew! Role Oia.rter mithori.zes the Ci Council to
est lisb Special Funds b_ Ordinance. and requires the
specificati therein f ourc:e of receipts t:o. and
the purposes of expenditures from. an such Special Fund
so created; and
t:he Ci Council has det:erained t:hat it is
necessary and a ropriat:e to establish a pecial Fund. to be
known as t:he "Self-Insurance Fund" for t:be object:s and purposes
• as herein specified.
BE IT ORMI THE CITY IL
......:..•~-. COLORADO. as foll011S:
Secti 1.
'ftle 1969 Englewood Municipal Code is bereb a.ended
by adding a nev section to be mml~red 13-5-8. which
section reads as follows:
'ftlere is bereb established a Special Fund
of the City of Englewood to be kilCNll as the City of
Englewood "Self-Insurance Fund". this FUnd shall be
used to finance and account for those it:eas of an
insurable nat'..ire as hereinafter set forth.
(a) There shall be credited to said Special
Fund all receipts from the following sources:
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(1) All charges made by the Fund to
other departments of the governmental
unit to provide employee benefit
insurable items, property casualty
insurable items, or miscellaneous
insurable items.
(2) Miscellaneous receipts such as, but
not rest~icted to, refunds, dividends,
interest income, and other receipts
related to the transactions of the
Fund.
(b) Expenditures from said Special Fund may
be for the following purposes:
(1) Payments to provide benefits to
employees which are self-insured
by the City •
(2) Payments to Insurance Co panies to
provide insurance coverage for insur-
ance policies deemed advisable by
the City.
(3) Payments relating to providing of
services normally covered by insured
programs.
(4) Payments to other parties as a result
of self-insurance of any coverage.
(5) Other payments as deemed advisable
given the nature of the Fund.
Introduced, read in full and passed on first reading
on the 21st day of January, 1974.
Published as a Bill for an Ordinance on the 24th day
of January, 1974.
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Read by title and passed on final reading on the
4th day of February, 1974.
Published by title as Ordinance No. ...3
of 1974, on the 7th day of February, 1974.
ATTEST:
ex officio City Clerk-Treasurer
, Series
I, Karl Nollenberger, do hereby certify that the
above and foregoing is a true, accurate and complete copy
of the Ordinance, passed on final reading and published by
title as Ordinance No. ~ , Series of 1974 .
ex officio City Clerk-Treasurer
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