Colorado Springs City Code § 1.6.901 FUND CREATED
1.6.901: FUND CREATED:
There is hereby created a fund to be known as the claims reserve fund. (Ord. 11-18)
CLAIMS RESERVE FUND
Colorado Springs City Code ch. 1, art. 6, pt. 9
in effectColorado Springs City Code § 1.6.902 SOURCE OF REVENUES
1.6.902: SOURCE OF REVENUES:
The money from the following sources shall be placed in the fund: All monies appropriated by the City Council in connection with the claims reserve fund set forth in this chapter, as well as earnings from investments of the monies of the fund. (Ord. 11-18)
Colorado Springs City Code § 1.6.903 EXPENDITURES FOR FUND
1.6.903: EXPENDITURES FOR FUND:
The funds shall continue until terminated by the City Council, and all monies may be carried over from year to year. The expenditures from the fund shall be those authorized under this chapter. (Ord. 11-18)
Colorado Springs City Code § 1.6.904 ACCOUNTS WITHIN THE CLAIMS RESERVE FUND
1.6.904: ACCOUNTS WITHIN THE CLAIMS RESERVE FUND:
The Chief Financial Officer shall be responsible for maintaining an accounting of funds contributed by and amounts paid out on behalf of City, Utilities, MHS Enterprise and all enterprise activities so that annual contributions to the claims reserve fund can be based on claims experience. (Ord. 11-18; Ord. 15-62)
Source: City of Colorado Springs, Colorado, City Code and City Charter (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/coloradospringsco/latest/coloradosprings_co/0-0-0-1431Fetched: 11/1/2026