Title 07 Finance
Chapter 07.08 Funds
Article VI. Internal Service Funds
Section 07.08.504 Unemployment Compensation Fund
- There is created a revolving fund to be known as the “unemployment compensation fund” into which shall be transferred from all payroll funds of the City those moneys designated and budgeted and appropriated as appropriate rates of contribution for this fund.
- All moneys deposited in said fund shall be expended through the usual fiscal offices of the City as directed by the legislative authority of the City and in accordance with approved budgets for the payment of unemployment insurance contributions in lieu of payments (i.e., reimbursement), administrative expenses, or any other expenses properly chargeable to the administration of the fund. Any moneys remaining in the fund at any time the subject laws may become void or terminated shall revert to the general fund after all liabilities shall have been paid.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34024 Section 1