Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement with Chard, Snyder & Associates, Inc., for the purpose of allowing LFUCG employees to elect an HRA plan on a pre-tax basis within the meaning of Section 125 of the Internal Revenue Code, effective upon passage of Council. [Div. of Human Resources, George]
Summary
Authorization to execute an Agreement with Chard, Snyder & Associates, Inc. for the purpose of allowing LFUCG employees to elect a Health Reimbursement Arrangement plan on a pretax basis within the meaning of Section 125 of the Internal Revenue Code, effective upon passage of Council. There is a set-up fee of $200 and funds are Budgeted. (L1102-24) (George/Hamilton)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes, Completed by Michael Cravens, October 25, 2024
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 6002-160504-1944-71250
This Fiscal Year Impact: $200
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: $16,753.75
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to execute an agreement with Chard, Snyder & Associates, Inc., for the purpose of allowing LFUCG employees to elect an HRA plan on a pre-tax basis within the meaning of Section 125 of the Internal Revenue Code.
Section 2 - That this Resolution shall become effective upon passage of Council.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
1102-24:GET:4881-7297-2025, v. 1