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HomeMy WebLinkAboutAgenda Report - September 17, 1997 (74)e `Fx . CITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: Approve Funding for Flex Spending Plan MEETING DATE: September 17, 1997 SUBMITTED BY: City Manager RECOMMENDED ACTION: That the City Council approve the funding for the flexible spending account. BACKGROUND INFORMATION: L & H Administrators were th third party administrator for the City's flexible spending account. L & H had a multi -state public and private sector client base for which they administered various health plans. Their public sector clients inc luuc the Suite 01"'T - da, cities and counties in California, Nevada, and Arizona, school districts, and closer to home, the University of the Pacific and locally, the Bank of Lodi. We were recently informed that L & H defaulted in its obligations. The Ci of Lodi has contacted the Fresno Co. District Attorney's office (L & H's California office was in Fresno) and was informed that the matter has been referred to the United States Attorney. Currently the United States Attorney in Fresno, in conjunction with the Department of La or and the Federal Bureau of Investigation (Phoenix office) is conducting an investigation into his matter. The financial impact to the participants from the City of Lodi is $13,506.27. We are requesting that the City Council approve the restoral of this money which was deducte from employces pay checks but not returned by L & H, to the employee accounts, subject to the City's right to recoup the funds from L & H. APPROVED: =Z64&=a-� H. Dixon Flynn 2 City Manager `c -7 OF,( COUNCIL COMMUNICATION FO Additionally, J Additionally, checks sent to four employees from L & H, totaling $1,261.33 were returned for insufficient funds ("bounced checks). Due to the financial hardship caused by this unexpected event we are reimbursing these employees for their loss. The City intends to continue with the plan and is in the process of contracting with a qualified new administrator to assume administration of it. COST: $16,767.60 FUNDING: Contingency Fund Respectfully submitted, H. Dixon Flynn, City Manager cc: City Attorney AePROVED: H. Dixon Flynn -- City Manager RESOLUTION NO, 97-150 A RESOLUTION OF THE LODI CITY COUNCIL APPROVING THE FUNDING TO CITY OF LODI EMPLOYEES RELATING TO THE FLEXIBLE SPENDING ACCOUNT RESOLVED, that the Lodi City Council does hereby approve the funding to City of Lodi Employees relating to the default of L & H Administrators relating to the Flexible Spending Plan. Dated: September 17, 1997 I hereby certify that Resolution No. 97-150 was passed and adopted by the City Council of the City of Lodi in a regular meeting held September 17, 1997 by the following vote: AYES: Council Members - NOES: Council Members - ABSENT: Council Members - ABSTAIN: Council Members - ALICE M. REIMCHE City Clerk 97-150