§ 23.200. Establishment of fund; funding; financial administration.

Latest version.

There is a risk management fund to implement the comprehensive risk management program.

The risk management fund shall be financed by annual contributions from the County and from each governmental agency which has entered into an agreement with the County for pooled comprehensive risk management. The annual contributions shall reflect the principles of incurred claims accounting and shall be computed by considering the premium cost, claim expense, operating expense, interest income and maintenance of a reserve fund. Accrued interest shall remain as part of the fund. Funds appropriated to the risk management fund shall be nonreverting. The Director of Finance shall be responsible for the financial administration of the fund.

(C.B. 57, 1986; C.B. 65, 1995)

                    
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