CC RESOLUTION 2978RESOLUTION NO. 2978
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF EL SEGUNDO, CALIFORNIA, ESTABLISHING AN
UNEMPLOYMENT TAX SELF - INSURANCE RESERVE FUND.
THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA,
DOES RESOLVE AS FOLLOWS:
SECTION 1. There is hereby established an UNEMPLOYMENT
TAX SELF - INSURANCE RESERVE FUND which shall be referred to as
the UNEMPLOYMENT TAX 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 transferred 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
consider:; 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;
B. From the Water Fund and the Revenue Sharing Fund
a reasonable amount to establish a fund to pay any unemployment
taxes reimbursements levied against the City for employees paid
from said funds.
SECTION 5. Expenditures may be made from said Fund
for the payment of any sums required under the Unemployment Laws
of the United States or the State of California.
SECTION 6. Funds in the UNEMPLOYMENT TAX SELF - INSURANCE
RESERVE FUND may be loaned to any other fund by the Director
I G f)
0 of Finance with the approval of the City Manager provided provi-
sions are made for the repayment by that other fund to the UNEMPLOY-
MENT TAX FUND within the fiscal year that such advance is made.
SECTION 7. Moneys in the UNEMPLOYMENT TAX SELF - INSURANCE
RESERVE FUND may be transferred to the SICK LEAVE AND VACATION
ACCRUAL ]RESERVE FUND and the WORKERS' COMPENSATION SELF - INSURANCE
• FUND by a resolution 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.
PASSED, APPROVED and ADOPTED this 4th day of
March , 1980.
ATTEST:
City Clerk
11
(SEAL)
I g oe
Mayor of the City of E1 Segundo,
California
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.
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, VALERIE A. BURROWES City Clerk of the
City, of E1 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. 2978
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 so
and that the same was so passed and adopted by the following vote:
AYES: Councilmen Benson., Bue, Nagel,
Van Vranken and Mayor Barer
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)