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W <br />STATE OF WASHINGTON <br />County of Jefferson <br />In the Matter of combining County } <br />Fund 503 - JC Unemployment Reserve } <br />and Fund 504 - Industrial Insurance Reserve } RESOLUTION NO. 11 -14 <br />into Fund 505- Employee Benefit Reserve } <br />WHEREAS, the County has three funds for managing employer paid contributions <br />for unemployment, labor and Industry administration, retirement and post- retirement costs; <br />and <br />WHEREAS, in order to streamline the accounting for these benefit costs, the <br />County would like to combine the three funds into fund 505, titled Employee Benefit <br />Reserve; this fund will receive the employer paid contributions for unemployment and <br />retirement and pay out costs related to certain employee benefits; <br />NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners <br />that it is in the best interest of Jefferson County that funds Fund 503, 504 be combined <br />with Fund 505, the Employee Benefit Reserve Fund; and <br />BE IT FURTHER RESOLVED, that this resolution will repeal and replace all <br />previous resolutions for these funds including budget resolution 124 -89 for fund 503, <br />resolution 32 -92 for fund 504, resolutions 94 -93, 15 -95 and 118 -97 for fund 505; and <br />BE IT FURTHER RESOLVED, that the employer contribution rate to the Employee <br />Benefit Reserve, will continue to be set each year during the budget process; and <br />BE IT FINALLY RESOLVED, that the fund balances will be transferred from fund <br />503 and 504 into fund 505 as approved in the 2014 Budget; and the County Auditor is <br />hereby authorized to disburse funds from Fund 505 for unemployment, labor and Industry <br />administration, Employee Assistance Program (EAP) costs, retirement or post - employment <br />costs including sick and vacation payouts totaling $1,000 or more, post- retirement costs, <br />and other uses as approved by the Board of County Commissioners. <br />AIWPR ©V�QAI� ADOPTED this 24th day of March, 2014. <br />.r-.t , r , <br />JP COUNTY <br />SE B ISSIONERS <br />` °oy ; L^ ;! Jhair ATTEST Phil Joh on" , em er <br />C� <br />Carolyn Avery, <br />Deputy Clerk of the Board D u , e r <br />