HomeMy WebLinkAbout1995-093 Council ResolutionCouncil Member Kuether introduced the following resolution and moved its
adoption:
City of Lino Lakes
Resolution No.95-93
Resolution Authorizing the Designation of Employee Pretax Forfiets
WHEREAS, the City of Lino Lakes has available medical and day care pretax spending
accounts for eligible employees to participate in, and
WHEREAS, Federal Law states that any funds remaining in an employees account after
the payment of eligible expenses incurred during a plan year will be forfeited, and
WHEREAS, the plan states that any forfeitures will be used in the manner determined by
the City Council.
NOW THEREFORE BE IT RESOLVED, that an account be set up in the Escrow Fund to
accumulate all employee forfeitures from the medical and day care pretax accounts. The monies
will be used to help finance employee related activities such as the annual picnic, the Christmas
party or any other employee related activity that may need financing.
Adopted by the City Council of Lino Lakes this 14th day of August, 1995.
A, � /1/11371,
Marilyn G.
derson - Clerk Treasurer
Vernon F. Reinert - Mayor
The motion for the adoption of the foregoing resolution was duly seconded by Elliott
and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Elliott,
Kuether, Neal, Reinert.
The following voted against same: None.
Where upon said resolution was declared duly passed and adopted: