HomeMy WebLinkAboutResolution 2595
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RESOLUTION NO. 2595
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Pursuant to due call and notice thereof, a meeting of the
Council of the City of Mounds View, Minnesota was held at City
Hall on February 12, 1990 with the following members present:
Mayor Hankner, Councilmember Hankner Councilmember Paone Council-
:~Eb€~eBf8rf~~rR9 ~~Me~f~m~~~~ht~Uori, Councilmember Quick
None
Member Paone
adoption:
introduced the following resolution and moved its
A RESOLUTION ESTABLISHING ELIGIBILITY REQUIREMENTS FOR THE
CITY'S FLEXIBLE SPENDING ACCOUNTS PROGRAM AND THE MAXIMUM
ANNUAL REIMBURSEABLE AMOUNT ALLOWED UNDER THE HEALTH PLAN
WHEREAS, the City of Mounds View offers to its employees
Flexible Spending Accounts pursuant to Internal Revenue Code
Sections 125 and 129, and;
WHEREAS, New IRS regulations provide that for the health
account, the plan must reimburse expenses up to the total amount
elected by the participant for the entire year regardless of how
much has been contributed to date, and;
WHEREAS, the City desires to continue to offer its employees
flexible spending accounts, and;
WHEREAS, the City desires to protect itself from excess risk
and to ensure that the Flexible Spending Account Plan continues
to quality under IRS regulations;
NOW THEREFORE BE IT RESOLVED by the Council that
participation in the City's Flexible Spending Account Plan is
limited to regular full time employees who have sucessfully
completed their probationary period;
BE IT FURTHER RESOLVED that the maximum annual reimburseable
expenses under the health plan are $2,000.
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RESOLUTION NO. 2595
PAGE TWO OF TWO
The motion for adoption of the above resolution was duly seconded
by Member Qui ck and upon a vote being taken I 5 Ayes 0 Nays I
said resolution was declared duly passed and adopted this 12th
day of January 1990.
ATTEST:
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Mayor
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