Seal Beach Municipal Code Ch. 4.15 Special Funds

The city council has previously created a special gas tax street improvement fund. Such fund shall receive as revenues those amounts received by the city pursuant to Streets and Highways Code Sections 180 through 207 for the acquisition of real property or interests therein for the construction, maintenance, or improvement of streets or highways other than state highways. Disbursements from such fund shall be used only for the purposes authorized by and in accordance with state law. Until expended, all monies in the fund shall be invested to earn interest that shall be accredited to the fund.

(Ord. 1515)

The city council has previously created an air quality improvement trust fund. Such fund shall receive as revenues those amounts received by the city pursuant to Health and Safety Code Sections 44243 and 44244, along with any other monies designated by the city council. Disbursements from such fund shall be used only to finance mobile source air pollution reduction programs. Until expended, all monies in the fund shall be invested to earn interest that shall be accredited to the fund. For purposes of this section, the term "mobile source air pollution reduction program" means any program or project implemented by the city to reduce air pollution emitted from motor vehicles pursuant to the California Clean Air Act of 1988 or the Air Quality Management Plan for the South Coast Air Quality Management District prepared and adopted in accordance with the provisions of Health and Safety Code Sections 40460 through 40470.

(Ord. 1515)

The city council has previously created a revenue sharing trust fund. Such fund shall receive as revenues those amounts received by the city pursuant to the State and Local Assistance Act of 1972.

(Ord. 1515)

A. The city council has previously created a self-insurer's loss fund trustee account. Such fund shall receive as revenues those amounts from those sources as designated by and appropriated by the city council. Disbursements from the fund shall be used only to pay for the following:

1. Medical and disability compensation benefits as required by state law for city employees who incur job-related injuries.

2. Premiums for worker's compensation insurance.

3. Costs of worker's compensation claims administration as performed by city staff or by an outside consultant.

4. Fees for legal services required to minimize the city's worker's compensation liability and to recover worker's compensation costs from prior insurers and other third parties.

5. Personnel costs associated with the temporary replacement of injured employees.

6. Salaries, fees and expenses of medical and safety consultants and staff, including appropriate city staff personnel for their expenses.

7. Any other costs required for the city to satisfy its legal obligations under the state worker's compensation laws; to reduce employee injuries and the employee lost time and suffering associated therewith; and to participate in and pay the dues of organizations that serve the needs of employers obligated to pay worker's compensation benefits.

B. The city council has previously created a liability insurance reserve fund. Such fund shall receive as revenues those amounts from those sources as designated by and appropriated by the city council. Disbursements from the fund shall be used only to pay for the following:

1. Approved liability claims against the city that are within the self-insured limits set by the city council or that fall outside of the scope of coverage provided by the city's excess insurance.

2. Costs associated with liability claims that are within the self-insured limits set by city council. These costs include legal costs, risk management costs, loss prevention program costs, insurance analyst service costs, claims, settlements, additional special investigation service costs, and other related costs. All payments from the fund shall be approved by the city council.

(Ord. 1515)

A. The city council has previously created a water operations fund. Such fund shall receive as revenues those amounts generated from sources designated by the city council as funds secured through the sale and distribution of water and water services. Disbursements from the fund shall be used only to pay for the following:

1. Costs associated with the maintenance and operations of the water utility.

2. Costs associated with the servicing or the sale or payment of water bonds.

B. The city council has previously created a water plant and equipment fund. The purpose of such fund is to accumulate sufficient monies to pay for the replacement of and capital improvements to the city's water system. The city council shall annually consider appropriations to the fund in accordance with generally accepted methods of determining depreciation on buildings, machinery and other water system equipment. Until expended, all monies in the fund shall be invested to earn interest that shall be credited to the fund. The city council may authorize direct transfers from the fund to other city funds during the fiscal year as the need arises so long as all monies transferred shall be returned to the fund by June 30th of the fiscal year.

(Ord. 1515)

A. The city council has previously created a sewer operations fund. Such fund shall receive as revenues those amounts generated from sources designated by the city council as funds secured through the provision of sewer services. Disbursements from the fund shall be used only to pay those costs directly or indirectly associated with the maintenance and operations of the sewer utility. Until expended, all monies in the fund shall be invested to earn interest that shall be credited to the fund. The city council may authorize direct transfers from the fund to other city funds during the fiscal year as the need arises so long as all monies transferred shall be returned to the fund by June 30th of the fiscal year.

B. The city council has previously created a sewer plant and equipment fund. The purpose of such fund is to accumulate sufficient monies to pay for the replacement of and capital improvements to the city's sewer system. The city council shall annually consider appropriations to the fund in accordance with generally accepted methods of determining depreciation on buildings, machinery and other sewer system equipment. Until expended, all monies in the fund shall be invested to earn interest that shall be credited to the fund. The city council may authorize direct transfers from the fund to other city funds during the fiscal year as the need arises so long as all monies transferred shall be returned to the fund by June 30th of the fiscal year.

(Ord. 1515)

The city council has previously created a Landscaping and Lighting District No. 1 improvement fund. Such fund shall receive as revenues those amounts designated by the city council as funds secured through the establishment of Landscaping and Lighting District No. 1. Disbursements from the fund shall be used only to pay those costs associated with the maintenance and operations for such district. Until expended, all monies in the fund shall be invested to earn interest that shall be accredited to the fund.

(Ord. 1515)