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.