Leon County adopted Policy
07-2 in 2008 which establishes a Catastrophe Reserve.
Two City Commission policies
address funding for catastrophic events. Policy 214, “Risk Management/Self
Insurance”, establishes a Special Insurance Reserve Fund to meet unanticipated
losses from catastrophic events or claims in excess of the Risk Management
Fund.
To cover any situation that
exceeds the capacity of the Special Insurance Reserve, Policy 224, “Financing
the Government”, establishes the Deficiencies Fund to provide for unforseen
expenditures.
Insurance Villages