A. Through the trust the City shall act as a self-insurer for all liability claims, special risk claims, workers’ compensation claims and claim costs other than those falling within the coverage provisions of an insurance policy or surety bond. The liability of the City for such claims and claim costs shall be established by law. The Director shall cause the City to comply with all requirements for self-insurers as may be contained in applicable law to obtain for the City all benefits of self-insurance status, and to maintain such status for as long as it is in the City’s interests to do so.

B. The trust fund shall be funded as part of the annual budgetary and appropriation process of the City of Phoenix in such amounts as to provide sufficient monies to pay all reasonably anticipated liability claims, special risk claims, workers’ compensation claims and claim costs against the City for the ensuing fiscal year.

C. The Director and the Budget and Research Director shall determine the funding level of the trust fund. (Ord. No. G-5618, 2011; Ord. No. G-5818, 2013)