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City of <br /> Elk City of Elk River <br /> Wver City Council <br /> Resolution 17- <br /> A Resolution of the City Council of the City of Elk River Authorizing a <br /> Transfer from the Flexible Spending Account Fund to the General Fund <br /> WHEREAS, the Flexible Spending Account Fund was established to account for flexible <br /> spending arrangements offered to employees through the city's employee benefits plan. <br /> WHEREAS, any money left unspent in the Flexible Spending Account Fund, according to <br /> the plan provisions,is forfeited and can be applied to future plan administrative costs. <br /> WHEREAS, it has been determined that any forfeited FSA amounts be transferred out of <br /> the Flexible Spending Account Fund to the General Fund to cover plan administrative costs. <br /> WHEREAS, the City Council has reviewed the request and determined it to be a sound <br /> financial practice. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br /> River,Minnesota, as follows: The transfer of$12,332.45 from the Flexible Spending <br /> Account Fund to the General Fund. <br /> Passed and adopted this 191h day of June 2017. <br /> John J. Dietz,Mayor <br /> ATTEST: <br /> Tina Allard, City NATUREJ <br />