CC RESOLUTION 2977A-
RESOLUTION NO. 2977
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF EL SEGUNDO, CALIFORNIA, ESTABLISHING A
SICK LEAVE AND VACATION ACCRUAL RESERVE
FUND.
THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA,
DOES RESOLVE AS FOLLOWS:
SECTION 1. There is hereby established a SICK LEAVE
AND VACATION ACCRUAL RESERVE FUND which shall be referred to
as the ACCRUAL SICK LEAVE /VACATION FUND.
SECTION 2. The Director of Finance is directed to
establish the Fund referred to in Section 1 hereof.
SECTION 3. The Director of Finance and the City Manager
at the time of preparation and submission of the annual budget
and at such other times that they consider appropriate, shall
recommend to the City Council the amount of revenue to be trans-
ferred from the General Fund to the Fund referred to in Section
1 hereof.
SECTION 4. The City Council shall at the time of the
adoption of the annual budget and at other times the Council
considers; appropriate order transferred to the Fund referred
to in Section 1 hereof:
A. From the General Fund such amounts as the City
Council considers appropriate; and
B. From the Water Fund and the Revenue Sharing Fund
an amount representing the sick leave and vacation accrual of
employees paid from that Fund.
SECTION 5. Expenditures may,be made from said Fund
for the following purposes only:
A. The payment of termination sick leave to any officer
or employee:
B. The payment of termination vacation leave to any
officer or employee;
0
C. The payment of accrued sick leave to any officer
or employee;
D. The payment of accrued vacation leave to any officer
or employee;
E. The payment to any officer or employee while such
officer or employee is on sick leave; L
F. The payment to any officer or employee while such
officer or employee is on vacation leave.
SECTION 6. Funds in the SICK LEAVE AND VACATION ACCRUAL
RESERVE FUND may be loaned to any other fund by the Director
of Finance with the approval of the City Manager, provided provi-
sions are made for the repayment by that other fund to the SICK
LEAVE AND VACATION ACCRUAL RESERVE FUND within the fiscal year
that such advance is made.
SECTION 7. Moneys in the SICK LEAVE AND VACATION
ACCRUAL RESERVE FUND may be transferred to the UNEMPLOYMENT TAX
FUND and the WORKERS' COMPENSATION SELF - INSURANCE FUND by a reso-
lution adopted by a unanimous vote of the City Council.
SECTION 8. Interest earned from this Fund shall be
credited to the General Fund.
SECTION 9. The City Clerk shall certify to the passage
and adoption of this resolution; shall enter the same in the
book of original resolutions of said city; and shall make a
minute of` the passage and adoption thereof in the records of
the proceedings of the City Council of said city, in the minutes
of the meeting at which the same is passed and adopted.
ATTEST:
(SEAL)
PASSED, APPROVED and ADOPTED this 4th day of
March , 1980.
City Clerk
e? z 6
Mayor of the City of E1 Segundo,
California
-2-
i
i
!i
i
a
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, VALERIE A. BURROWES , City Clerk of the
City of El Segundo, California, DO HEREBY CERTIFY that the
whole number of members of the City Council of the said City is
five; that the foregoing resolution, being Resolution No. 2977
was duly passed and adopted by the said City Council, approved
and signed by the Mayor of said City, and attested by the City
Clerk of said City, all at a regular meeting of the said Council
held on the 4th day of MARCH '19 80
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Benson, Bue; Nagel,
r Van Vranken and Mayor Balmer
NOES: Councilmen None
ABSENT: Councilmen None
WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID
CITY this 14th day of MARCH 19 80.
City Clerk of the City of E1 Segundo,
California
(SEAL)