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<br />cC'. :y ..5 óh~fc¡- qS <br /> <br />STATE OF WASHINGTON <br />County of J effersol1 <br /> <br />In the Matter of Establishing a <br />Special Fund to be Known as the Section <br />125 Administration Fund <br /> <br />RESOLUTION NO 15-98 <br /> <br />WHEREAS, in 1997 the Board of Commissioners approved a Section 125 program for <br />County employees in accordance with IRS regulations; and, <br /> <br />WHEREAS, the administration of the child care and medical expense reimbursement <br />portions ofthe Section 125 Program can be administered by a qualified company or by the County; and, <br /> <br />WHEREAS, after reviewing the charges for a qualified company to handle these <br />administration service against the costs associated with the County self administering this program, it is <br />in the best interest of the County to self administer the Section 125 child care and medical expense. <br />reimbursement plan; and, <br /> <br />WHEREAS, it is in the best interest of all parties to establish a special fund which will <br />facilitate the financial record keeping required for the administration of this program. <br /> <br />NOW, THEREFORE, BE IT RESOL VED, that the County Treasurer be, and she is hereby <br />authorized to establish a special fund to be known as the SECTION 125 ADMINISTRATION FUND <br />(#628-000-010). <br /> <br />BE IT FURTHER RESOLVED, that in order to service the Section 125 child care and <br />medical expense reimbursement program in a timely manner, it is hereby found and declared that the <br />convenience and uninterrupted services provided by this program, requires this Board of Commissioners <br />to proceed in manner and form as herein determined, and that the sum of six thousand dollars <br />($6,000.00) be borrowed from the Industrial Insurance Reserve Fund, the same to be repaid in full along <br />with an interest payment of three (3) per cent per annum within five years ofthe date of this resolution; <br />and <br /> <br />BE IT FURTHER RESOLVED, that SECTION 125 ADMINISTRATION FUND reserves <br />shall be invested by the County Treasurer and interest shall be earned for the benefit of the SECTION <br />125 ADMINISTRATION FUND; and, <br /> <br />BE IT FINALLY RESOLVED, by the Board of County Commissioners that the County <br />Treasurer be, and she is hereby authorized and empowered, to transfer the amount of six thousand and <br />no/100 dollars ($6,000) from the unencumbered balance of the Jefferson County Current Expense Fund, <br />into the Jefferson County SECTION 125 ADMINISTRATION FUND (#628-000-010) after it is duly <br />established. <br /> <br />. '1::Z rd. <br />APPROVED AND ADOPTED this C7V <br /> <br />day of Feb <br /> <br />, 199~. <br /> <br />.,.T"' <br />..' <br />....'., I <br />../ c..··) . .,:..' :m.'.·· <br /> <br />:' <' ,,)..'(' <br />f '.", <br /> <br />sit ~\~ , ~: J . <br /> <br />, ... ,,' < ,. I·' <br /> <br />. " .. ' <br />,,' ' '-., 1< <br /> <br />-"...'" '!-. ~ .-, /, <br />. , , <br />,'- "' . . ...;:¡,,'!f",/ <br /> <br />," · $: 0" r.") '>_/ <br /> <br />'..... ,..-.....:..."';.....j....~. <br /> <br />JEFFERSON COUNTY <br />BOARD OF COMMISSIONERS <br /> <br /> <br />¿ <br /> <br />chard Wojt, Member <br /> <br />~ <br />~iel Harpole, <br /> <br /> <br />ATTEST: <br /> <br />::_"~&1AlQ b~ <br /> <br />Lorna Delaney, CMC 1 <br />Clerk of the Board <br /> <br />VOL <br /> <br />2 . 19"8 <br />' , <br />..,4 r~r,~_._ <br />