111.04 APPROPRIATION FOR PAYMENT.

   The Administration shall annually submit to Council a recommended appropriation for payment of claims and judgments. In making such recommendation, the following nonexclusive information may be considered:

   (a)   The past judgments and claims payments by the City;

   (b)   The monetary risk of all litigation against the City;

   (c)   The reasonable value of known unasserted claims and litigation;

   (d)   Necessary reserves to promote financial stability of the City;

   (e)   Priorities of City service delivery;

   (f)   Projected expansion or contraction of City income;

   (g)   Comparative data relative to payment of claims and judgments of the eight most populous cities of the State of Ohio;

   (h)   Unsatisfied judgments and claims approved for payment in previous years;

   (i)   Overall financial stability of the City.

   (Ord. 4002. Passed 11-18-85.)