A. Pima County is to be protected against fortuitous loss or losses which, in the aggregate during any financial period, would significantly affect personnel, property, the budget or the ability of the board of supervisors to continue to fulfill its responsibilities to taxpayers and the public. In no event shall loss of life, major personal injury to employees or members of the public, or damage to property attributable to county activities be acceptable to the board of supervisors.
B. Pima County will apply to risks of fortuitous loss the risk management process which includes a systematic and continuous identification of loss exposures, the analysis of these exposures in terms of frequency and severity probabilities, the application of sound risk control procedures, and the financing of risks consistent with the county's financial resources.
C. In recognition of its financial resources and the geographical dispersion of its physical assets. the county will accept retention of uninsured losses up to the limits that are deemed to be prudent by the board, in consultation with the staff.
(Prior code § 33.04.020(B))