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the City may suspend its mtnmm'~m contrlbumton for so long <br />as the fund balance remains above such reserve !eve~s deemed <br />necessary. <br /> <br />(b) Ad.ministration. <br /> <br /> The City Manager is hereby authorized to promulgate <br />rules and regulations governing the Self-insurance Fund and <br />to authorize pas~.ents from said fund in accordance with the <br />provisions of this Section. The City Attorney shall approve <br />the payment of any claim ~nd shall consult with the City <br />Council before uayment is made of any claim in excess of <br />~wenty-Five Thousand ($25,0©0) Dollars. The Director of <br />Finance shall be the custodian cf all the funds created by <br />this Section and shall keep such financial records of the <br />fund as may be necessaz~r. In addition, the City M~nager <br />shall make a quarterly report to %he City Council of all <br />claims paid in excess of Ten Thousand ($I0,O00) Dollars <br />each. <br /> <br /> 2. That Section 2-4 of the Code of the City of ~ortsmouth, <br />Virginia, 1973, be~ and hereby is~ repealed. <br /> <br /> ~h_~ ~_~z~ Ordinance shall take effect on ~ay I, 1983. <br /> <br /> Adopted by the ~oun~ml of the City of Portsmouth Virginia, <br />at a meeting he%d April 12, 1983. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />