RES 17-29City of Elk River
ver City Council
Resolution 17-29
A Resolution of the City Council of the City of Elk River Authorizing a
Transfer from the Flexible Spending Account Fund to the General Fund
WHEREAS, the Flexible Spending Account Fund was established to account for flexible
spending arrangements offered to employees through the city's employee benefits plan.
WHEREAS, any money left unspent in the Flexible Spending Account Fund, according to
the plan provisions, is forfeited and can be applied to future plan administrative costs.
WHEREAS, it has been determined that any forfeited FSA amounts be transferred out of
the Flexible Spending Account Fund to the General Fund to cover plan administrative costs.
WHEREAS, the City Council has reviewed the request and determined it to be a sound
financial practice.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows: The transfer of $12,332.45 from the Flexible Spending
Account Fund to the General Fund.
Passed and adopted this 19s' day of June 2017.
J n J. tetz, Ma x
ATTEST:
,C� (L?
Tina Allard, City Clerk
P01;1RII Bt
tv"A`CUR�