Expenditures from the risk management fund shall be made for the following purposes only:
A. To pay premiums for liability and property damage insurance, bonds of all types, and such other insurance coverages as may be purchased by the city;
B. To pay charges and expenses associated with insurance services provided by any reciprocal insurance arrangement entered into between the city and other public entities;
C. To pay, in cases of retained liability risk, liability claims brought against the city, its officials and employees pursuant to the Idaho tort claims act, and liability claims against the city, its officials and employees arising under federal law, which the city is legally obligated to pay and which are settled pursuant to this chapter, or in which a final money judgment against the city has been entered;
D. To pay, in cases of retained risk, costs of repairing or replacing buildings, in whole or in part, owned or leased by the city, when such buildings are damaged or destroyed by fire, earthquake, water, vandalism, theft or similar causes;
E. To pay, in cases of retained risk, costs of repairing or replacing equipment, including motor vehicles, owned or leased by the city, which are damaged or lost through fire, vandalism, theft, burglary, mysterious disappearance, collision or similar causes;
F. To pay, in cases of retained risk, costs of replacing money or securities stolen, embezzled, burglarized or otherwise lost;
G. To pay the administrative costs of the risk management program, including, but not limited to, salaries, training, security provisions, claims prevention, claims investigation, claims adjustment, and litigation. (Ord. 2197 § 1, 1986)