GOVERNMENT RECORD
City of Yuma FY 2024 audited report: liability self-insurance and reserve fund
About this source
Annual Comprehensive Financial Report for year ended June 30, 2024, covering the collision fiscal year.
- Source type
- Government record
- Source classification
- Primary source
- Source date
- Not established in the reviewed record
Relevant excerpt / notes
Page 108, Risk Management: City self-insured up to $300,000 for liability claims with aggregate maximum $2,000,000; Insurance Reserve Fund manages claims; liability insurance covers claims exceeding self-insured limit. This corroborates general City program, not case-specific Travelers coverage, defense-cost endorsement or actual Candela expenditures.
Related articles 1
- NewsYuma approves $900,000 settlement; Travelers is expected to pay plaintiffs
The City reports $296,929.12 already spent defending Candela v. City of Yuma and another $3,070.88 needed to complete its $300,000 insurance retention. Council approved the settlement 7–0, but payment and final dismissal terms remain unverified.