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STATE OF WASHINGTON
County of J effersol1
In the Matter of Establishing a
Special Fund to be Known as the Section
125 Administration Fund
RESOLUTION NO 15-98
WHEREAS, in 1997 the Board of Commissioners approved a Section 125 program for
County employees in accordance with IRS regulations; and,
WHEREAS, the administration of the child care and medical expense reimbursement
portions ofthe Section 125 Program can be administered by a qualified company or by the County; and,
WHEREAS, after reviewing the charges for a qualified company to handle these
administration service against the costs associated with the County self administering this program, it is
in the best interest of the County to self administer the Section 125 child care and medical expense.
reimbursement plan; and,
WHEREAS, it is in the best interest of all parties to establish a special fund which will
facilitate the financial record keeping required for the administration of this program.
NOW, THEREFORE, BE IT RESOL VED, that the County Treasurer be, and she is hereby
authorized to establish a special fund to be known as the SECTION 125 ADMINISTRATION FUND
(#628-000-010).
BE IT FURTHER RESOLVED, that in order to service the Section 125 child care and
medical expense reimbursement program in a timely manner, it is hereby found and declared that the
convenience and uninterrupted services provided by this program, requires this Board of Commissioners
to proceed in manner and form as herein determined, and that the sum of six thousand dollars
($6,000.00) be borrowed from the Industrial Insurance Reserve Fund, the same to be repaid in full along
with an interest payment of three (3) per cent per annum within five years ofthe date of this resolution;
and
BE IT FURTHER RESOLVED, that SECTION 125 ADMINISTRATION FUND reserves
shall be invested by the County Treasurer and interest shall be earned for the benefit of the SECTION
125 ADMINISTRATION FUND; and,
BE IT FINALLY RESOLVED, by the Board of County Commissioners that the County
Treasurer be, and she is hereby authorized and empowered, to transfer the amount of six thousand and
no/100 dollars ($6,000) from the unencumbered balance of the Jefferson County Current Expense Fund,
into the Jefferson County SECTION 125 ADMINISTRATION FUND (#628-000-010) after it is duly
established.
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APPROVED AND ADOPTED this C7V
day of Feb
, 199~.
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JEFFERSON COUNTY
BOARD OF COMMISSIONERS
¿
chard Wojt, Member
~
~iel Harpole,
ATTEST:
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Lorna Delaney, CMC 1
Clerk of the Board
VOL
2 . 19"8
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