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<br />_. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />RESOLUTION NO. 2595 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />Pursuant to due call and notice thereof, a meeting of the <br />Council of the City of Mounds View, Minnesota was held at City <br />Hall on February 12, 1990 with the following members present: <br /> <br />Mayor Hankner, Councilmember Hankner Councilmember Paone Council- <br />:~Eb€~eBf8rf~~rR9 ~~Me~f~m~~~~ht~Uori, Councilmember Quick <br /> <br />None <br /> <br />Member Paone <br />adoption: <br /> <br />introduced the following resolution and moved its <br /> <br />A RESOLUTION ESTABLISHING ELIGIBILITY REQUIREMENTS FOR THE <br />CITY'S FLEXIBLE SPENDING ACCOUNTS PROGRAM AND THE MAXIMUM <br />ANNUAL REIMBURSEABLE AMOUNT ALLOWED UNDER THE HEALTH PLAN <br /> <br />WHEREAS, the City of Mounds View offers to its employees <br />Flexible Spending Accounts pursuant to Internal Revenue Code <br />Sections 125 and 129, and; <br /> <br />WHEREAS, New IRS regulations provide that for the health <br />account, the plan must reimburse expenses up to the total amount <br />elected by the participant for the entire year regardless of how <br />much has been contributed to date, and; <br /> <br />WHEREAS, the City desires to continue to offer its employees <br />flexible spending accounts, and; <br /> <br />WHEREAS, the City desires to protect itself from excess risk <br />and to ensure that the Flexible Spending Account Plan continues <br />to quality under IRS regulations; <br /> <br />NOW THEREFORE BE IT RESOLVED by the Council that <br />participation in the City's Flexible Spending Account Plan is <br />limited to regular full time employees who have sucessfully <br />completed their probationary period; <br /> <br />BE IT FURTHER RESOLVED that the maximum annual reimburseable <br />expenses under the health plan are $2,000. <br />