When a loss occurs within any retained risk, including liability risk, the risk manager shall recommend to the mayor any of the following actions, where appropriate:
A. Paying for the loss with current operating funds;
B. Paying for the loss using funded reserves;
C. Borrowing to cover the loss, where the loss is a judgment against the city, pursuant to Idaho Code section 50-1006;
D. Levying an additional property tax at the earliest time possible, pursuant to Idaho Code section 6-928, where the loss is a claim or judgment under the tort claims act, and where no other funds are available; or
E. Deferring replacement of destroyed property. (Ord. 2197 § 1, 1986)