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Board to consider creating fiduciary bank account for employee health reimbursement arrangement
Summary
The Aug. 11 agenda lists a proposed new fiduciary account for a self-funded employee Health Reimbursement Arrangement to be managed by 1st Financial Group of America; the transcript records the agenda item and presenter (Melinda Chapa) but no action.
An item on the Aug. 11 agenda would establish a new fiduciary bank account to support a self-funded employee Health Reimbursement Arrangement (HRA) managed by a third-party administrator (1st Financial Group of America). Melinda Chapa, the Director of Business and Finance, is listed as the presenter for the proposal.
The transcript records the agenda text but contains no discussion of plan design, cost, enrollment or a vote. Any details about funding sources, employer contribution levels or implementation timeline must be confirmed in the meeting packet or subsequent board action.
