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STAFF .ORIGINATOR Randy Schumacher <br />DATE <br />TOPIC <br />August 9 1995 <br />NO. 12 <br />Resolution 95-93 Designating Employee Pretax Forfeits <br />The City of Lino Lakes has available medical and day care pretax spending accounts <br />for eligible employees to participate in. <br />Federal Law states that any funds remaining, in an employees account after the <br />payment of eligible expenses incurred during the plan year will be forfeited. <br />The plan states that the forfeitures will be used in the manner determined by the City <br />Council. <br />Set up account that will accumulate all employee pretax forfeitures and <br />designate the monies towards employee related activities such as the annual <br />picnic and the Christmas party or any other employee related activity that may <br />need help with financing. <br />Any other Council determination <br />Option 1 <br />