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The general objectives of the city’s risk management program shall be to secure the following:

(A) The establishment, to the extent practical, of a hazard-free work and public-service environment which employees of the city and members of the general public, exercising reasonable care, may use in safety and security;

(B) The protection of the city, and thus its citizens and taxpayers, against the consequences of accidental or other losses which are financially catastrophic in nature, and the preservation of the city’s fiscal and other assets and its public-service capabilities from serious loss, destruction or depletion;

(C) The minimization of the total, long-term cost to the city of accidental losses and their consequences by providing for the identification, measurement, prevention and control of risks; and

(D) The creation of a system of internal procedures providing a continuing reassessment of exposures to loss, loss-bearing capacity and available financial resources to protect against such losses, including insurance, self-insuring, self-funding, and pooling. (Ord. 89-98 § 1, 1989.)