Number
060890
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution transferring $5,114 from the 2006 Common Council Contingent Fund to the Flexible Spending Account Special Purpose Account.
Analysis
This resolution transfers $5,114 from the 2006 Common Council Contingent Fund to the Department of Employee Relations - Flexible Spending Account Special Purpose Account to cover a projected shortfall due to greater participation and payment of Open Enrollment set-up charges for new FSA benefit plan for 2007.
Body
Whereas, The Department of Employee Relations - Flexible Spending Account Special Purpose Account was funded in 2006 at $32,000; and
Whereas, The Department of Employee Relations has determined that additonal funds are required due to increased administrative costs and a projected shortfall resulting from greater partcipation and Open Enrollment set-up charges for the new FSA benefit plan for 2006; and
Whereas, These expenditures are payable per agreement between the City of Milwaukee and Process Works, Inc.; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that an amount not to exceed $5,114 be transferred from the Common Council Contingent Fund (001-9990-D001-006300-2006) to the Flexible Spending Account Special Purpose Account (006300-0001-1650-S134-2006); and, be it
Further Resolved, That the appropriate City officials are authorized and directed to take whatever steps are necessary to fulfill the intent of this resolution.
Requestor
Drafter
LRB06534-2
TWM/mbh
11/9/06