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• <br /> RESOLUTION NO. 2595 <br /> 111 CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <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 /> and the following members absent: <br /> Member introduced the following resolution and moved its <br /> adoption: <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 /> • 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 /> 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 /> WHEREAS, the City desires to continue to offer its employees <br /> flexible spending accounts, and; <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 /> 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 /> BE IT FURTHER RESOLVED that the maximum annual reimburseable <br /> expenses under the health plan are $2,000 . <br />