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(A) An account is established for the purpose of depositing monies from appropriations from city accounts, donations, and employee's contributions or from any lawful source for paying the required obligations for the City of Madison employee's Health Reimbursement accounts.
(B) The account shall be named the Health Reimbursement Reserve and all funds contained in the account shall be expended only for the exclusive purpose of paying the administrator the requirements of the medical expenses incurred by the city employees that are taken from the accounts established for each employee and employee's dependents up to the maximum amount as allowed under the reimbursement plan.
(C) The express and written approval of the Board of Public Works and Safety shall be obtained prior to the expenditure of funds from the account.
(D) The account shall be nonreverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Common Council.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2018-2, passed 2-6-18)