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• <br />• <br />• <br />CONSENT AGENDA ITEM IC <br />STAFF ORIGINATOR: Al Rolek <br />MEETING DATE: November 8, 2004 <br />TOPIC: Resolution 04 -168 Amending the City of Lino Lakes <br />Flexible Spending Accounts Plan <br />VOTE REQUIRED: Simple Majority (3/5 vote) <br />BACKGROUND: <br />The City maintains a flexible spending accounts plan through which employees <br />may elect to pay for medical and daycare expenses using pre -tax income. From <br />time to time it is necessary to update our plan documents to comply with and <br />incorporate new regulations. It is recommended that the city's Flexible <br />Spending Accounts Plan be amended to include the following change; <br />1. Effective January 1, 2005, the City of Lino Lakes Flexible Spending <br />Plan will operate using the Final COBRA Regulations issued May, 26, <br />2004 and that the Plan Document be amended effective January 1, <br />2005. <br />Resolution 04 -168 incorporates the above changes into the current plan <br />document <br />OPTIONS: <br />1. Approve Resolution 04-168 <br />2. Deny Resolution 04 -168 <br />RECOMMENDATION: <br />Option 1 <br />