San Mateo Municipal Code Ch. 2.75 Funds

For the relevant provision of the City charter with regard to handling of city funds see §§ 5.08 and 5.10.

For provisions relating to street fund—Vehicle tax, see Chapter 5.78 of this code.

For provisions relating to general fund—Dog licenses, see Chapter 8.16 of this code.

There shall be established and maintained, in addition to any other funds provided by law or ordinance, certain funds as set forth in this chapter to be kept by the treasurer of the City. The treasurer of the City shall keep accurate accounts of such funds and report the condition of each to the Council at the times required by it. Subsidiary accounts may be kept within each fund in the treasury for the purpose of facilitating accounting procedures and assisting the several departments in determining revenues deposited and expenditures made from their respective funds.

Prior code § 11.01

Moneys in any fund established hereunder may be used only for the purpose for which such fund has been established and maintained.

Prior code § 11.24

The City Council may appropriate or transfer moneys from any of the funds to any other of the funds in this chapter except as provided by charter or laws limiting the power to make such transfers.

prior code § 11.25

Such other petty cash funds or revolving funds may be created in the several departments as the Council from time to time may deem necessary or convenient. The expenditures from such funds shall be accurately kept for the permanent record. The City treasurer shall keep an accurate record of each such petty cash fund, showing from which major fund any such petty cash fund was established.

Prior code § 11.23

Bond plan A maintenance fund is established and shall be maintained for the deposit of all moneys which have been collected under bond plan A of Chapters 21.48 through 21.80 or under the Improvement Bond Act of 1911 for the purpose of administering the handling, issuance of, and accounting for, bonds issued thereunder.

Prior code § 11.21

Bond Plan E funds shall be maintained from time to time for the deposit of all moneys which have been collected from special assessments under plan E proceedings pursuant to this code. The principal and interest due annually to retire bonds issued pursuant to such proceedings shall be paid from this fund.

Prior code § 11.16

The capital outlay fund is established and shall be maintained for the deposit of cash reserves for future capital expenditures.

Prior code § 11.14

The City employees' retirement fund is established and shall be maintained for the deposit of moneys collected as taxes to meet the obligations of the City to the state retirement system.

prior code § 11.05

The comprehensive liability fund is established and shall be maintained for the deposit of all moneys budgeted for the self-insurance program. Payments from the fund shall be made for all insurance premiums for all liability, property damage and fire and comprehensive coverage for the City, and all premiums for bonding officials and employees of the City, as authorized by the Council, or otherwise required by law. Payments shall also be made for such claims required to be paid by the City under deductible or self-retention insurance contract obligations, or through self-insurance, in settlement of claims or by any judgment of a court.The fund may be charged for personnel costs of administering the self-insurance program, including salaries and benefits for the time expended thereon, cost of investigations, adjustment and outside legal and administrative costs.It shall also be the depository for all moneys received, collected or recovered upon liability and property damage claims for the City. All earnings from investments of the fund and all state-mandated benefit costs recovered shall also accrue to the fund. Such earnings shall be credited to the fund at least once annually before the close of the fiscal year.The fund shall be established and maintained at a sum which is comparable to the annual insurance premium rates for full coverage to one million dollars, as established by the Insurance Service Organization, plus twenty-five percent for excess coverage to ten million dollars, plus the reserves established for known claims as of July 1st of each year.

To comply with the provisions of Article V of Chapter 1 of Division 1 of the Streets and Highways Code, with particular reference to the amendments made thereto by Chapter 642, Statutes of 1935, there shall be maintained in the City treasury the special fund to be known as the "special gas tax street improvement fund" heretofore created.All moneys received by the City from the state under the provisions of the Streets and Highways Code now or hereafter provided by general law, for the acquisition of real property or interests therein, or the construction, maintenance or improvement of streets or highways, other than state highways, in the City, shall be paid into said fund.

prior code § 11.09

The general fund shall be maintained for the deposit of all moneys received into the City treasury and not specifically levied for, or appropriated to, any other fund, and of such other moneys as may be apportioned thereto. From it shall be paid such claims as may be allowed thereon.

prior code § 11.02

The library fund shall be maintained for the deposit of such moneys as may be apportioned thereto from the library tax and collected from fines, dues and other public library receipts. From it shall be paid such claims as may be allowed thereon on recommendation of the library board.

prior code § 11.04

Municipal bond funds shall be established and maintained from time to time when required under state, or other law. Moneys already derived from the sale of municipal bonds shall be retained in the respective funds in which they have been deposited.

prior code § 11.06

Municipal bond redemption funds shall be established from time to time as a depository for all moneys received from special levies to meet the payment of principal and interest on general obligation bonds. Moneys already derived from taxes shall be retained in their respective funds.

prior code § 11.07

The park and boulevard fund shall be maintained as a depository for moneys derived from special revenues and tax levies, for the improvement, care and maintenance of the parks, recreational facilities, and parkways in city and of the trees, shrubs and grass plots upon the public streets thereof. The park and recreation commission shall make recommendations concerning the expenditures of moneys deposited in this fund.

prior code § 11.03

The traffic safety fund shall be established and maintained in accordance with the provisions of Section 42200 of the Vehicle Code. All fines and forfeitures collected from any person charged with a misdemeanor under said code shall be deposited in said fund.

prior code § 11.08

The unapportioned tax fund is established and shall be maintained. All tax funds received shall be placed in the fund. Apportionment to the several funds for which taxes have been levied shall be made from time to time on recommendation of the City Manager.

prior code § 11.18

The workers' compensation fund is established and shall be maintained for the deposit of all moneys budgeted for payment of workers' compensation claims under the City's self-insurance program. It shall also be the depository for temporary disability and medical payments recovered from third parties or received while the employee is disabled and is receiving full salary under the provisions of California Labor Code Section 4850 or the City personnel laws and rules. Payments therefrom shall be made for all excess insurance coverage premiums, all proper industrial injury claims against the City and for all pre employment and post employment physical examinations.The fund may be charged for personnel costs of administering the self-insurance program, including contracts for outside administration and legal expenses, salaries and benefits for the time of city personnel expended thereon and other costs directly incurred in said program.Said fund shall be established and maintained at a level that the Council periodically determines to be sufficient to properly discharge the City's obligations under the workers' compensation laws of this state. All earnings from investments of the fund and all state-mandated benefit costs recovered shall also accrue to the fund. Such earnings shall be credited to the fund at least once annually before the close of the fiscal year.