HomeMy WebLinkAboutRES 368 Draft 01 2024-2026A RESOLUTION AUTHORIZING THE PAYMENT OF FUNDS OF LATER FISCAL YEARS TO ENTER A MULTI-YEAR AGREEMENT FOR PROFESSIONAL SERVICES RELATING TO THE IMPLEMENTATION OF A CAFETERIA PLAN UNDER
SECTION 125 OF THE INTERNAL REVENUE CODE TO BE USED BY THE DEPARTMENT OF HUMAN RESOURCES.
WHEREAS, Section 10-11 of the Charter of the County of Hawai‘i (hereinafter “the Charter”) provides, in part, that “any contract, lease or other obligation requiring the payment of funds
from the appropriations of a later fiscal year or of more than one fiscal year shall be made or approved by resolution”; and
WHEREAS, the Department of Human Resources (hereinafter “DHR”) wishes to enter a multi-year agreement for professional services relating to the furnishing and implementation of a “Cafeteria
Plan” under Section 125 of the Internal Revenue Code, as amended; and
WHEREAS, the “Cafeteria Plan” plan consists primarily of health insurance premiums to be designated by the County as eligible for inclusion and two flexible spending accounts: a health
flexible spending account and a dependent care flexible spending account; and
WHEREAS, this agreement will have an initial contract period of one (1) year and six (6) months, with options for four subsequent one-year periods for services needed beyond the initial
contract period; and
WHEREAS, DHR estimates the annual cost of this agreement to be approximately $12,000; now, therefore,
BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAI‘I that the Mayor is hereby authorized to enter into a multi-year agreement for the purposes hereinabove described.
BE IT FURTHER RESOLVED that, in accordance with Section 10-11 of the Charter, sufficient funds be budgeted in later fiscal years to cover the anticipated obligations of the County under
the terms of the agreement.
BE IT FINALLY RESOLVED that the County Clerk shall transmit a copy of this resolution to Diane T. Nakagawa, Director of Finance; and Sommer J. Tokihiro, Director of Human Resources.
Dated at _____________, Hawai‘i, this ______ day of ___________________, 20___.
INTRODUCED BY:
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COUNCIL MEMBER, COUNTY OF HAWAI‘I