The Self-insurance Administration Fund shall be used to account for City activities relating to self-insurance, including but not limited to payment of claims, legal fees, claims administration costs and insurance premiums. A loss reserve account shall be established in the fund and maintained in an amount based on estimated future costs of claims filed or incurred against the City as recommended by the Risk Manager and approved by the Director of Finance. Said loss reserve account shall be used solely for the payment of claims incurred. (Ord. 2709 § 14, 1990: Ord. 2371 § 2, 1981; Ord. 2146 § 1, 1977).