Mendocino County Municipal Code Ch. 5.72 Unemployment Compensation Trust Fund

The Auditor of the County of Mendocino shall establish a separate interest-bearing trust fund entitled: "Unemployment Compensation Trust Fund."

(Ord. No. 3268, adopted 1979.)

Funds deposited in the Unemployment Compensation Trust Fund shall be used solely for proper expenditures and claims related to the County's program of Unemployment Insurance, including but not limited to:

a. Direct and attendant claims costs, including but not limited to deposits to the Administration Revolving Trust, which is the account from which the above payments shall be made.

b. Administration costs.

c. Legal and other allocated expenses.

d. Internal County support costs.

e. Education expenses.

f. Travel expenses.

g. Consulting expenses.

(Ord. No. 3268, adopted 1979.)

The following monies shall be deposited in the Unemployment Compensation Trust Fund:

a. Any amounts formally budgeted by the Board of Supervisors for inclusion into the Fund.

b. Any funds paid to the County, from whatever source, for the provision of Unemployment Compensation.

c. Any and all interest received from the investment or reinvestment of monies within the Fund.

In addition to such mandatory deposits, the Board of Supervisors may at any time, for any purpose and from any proper and available source, deposit additional monies into the Fund.

(Ord. No. 3268, adopted 1979.)

All County employees except those specifically excluded by State and Federal law and/or regulations are covered.

(Ord. No. 3268, adopted 1979, as amended by Ord. No. 3360, adopted 1981.)

(A) Effective September 1, 1983 the balance of the Unemployment Compensation Trust Fund shall at no time be less than an amount equal to one per cent (1%) of that total County budget for salaries of covered employees for the current fiscal year, nor shall it exceed an amount equal to two per cent (2%) of the total County budget for salaries of covered employees for the current fiscal year.

(Ord. No. 3268, adopted 1979, as amended by Ord. No. 3360, adopted 1981.)

(B) The Auditor shall, on July 1 of each year, monitor the balance of the Unemployment Compensation Fund and shall report in writing to the Board of Supervisors on the fund balances in light of limits set forth in this section.

(Ord. No. 3268, adopted 1979, as amended by Ord. No. 3360, adopted 1981.)

(C) Upon receipt of such written report of the Auditor, the Board of Supervisors shall, within a reasonable period of time, order such deposits into or withdrawals from the Fund as are necessary to maintain the balance with the limitations set forth in this section.

(Ord. No. 3268, adopted 1979.)

The Board of Supervisors may transfer $100,000 from the Unemployment Insurance Fund to the Contingency Fund in order to offset the projected deficits for the 1982-83 budget year.

(Ord. No. 3425, adopted 1983.)

No payments or withdrawals from the Fund shall be made except by specific authorization of the County Administrative Officer or his/her designee, for the purposes set forth in Section 5.72.020, or for the purpose of maintaining a balance within the limitations of Section 5.72.050.

(Ord. No. 3268, adopted 1979.)