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07-10-1995 Council Packet
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07-10-1995 Council Packet
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10/6/2023 11:18:52 AM
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10/6/2023 11:11:12 AM
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r I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />TRUST AND AGENCY FVSDS <br />Trust Funds are used to account for assets held by the City in a trustee capacity. <br />Flexible Benefit Plan Fund - used to account for employee participatiim in the cafeteria plan created in <br />accordance with Internal Revenue Cinle § 125. <br />Agency Funds are used to account t*)r a.s.sets held by the City in an agent capacity for individuals, private <br />organizations, other governmental units, or other funds. <br />Deferred Compensation Agency Funds - IC.M.A Fund, Minnesota Supplemental Investment Fund, <br />Great West Life Insurance Company Fund, and USCM/PEBSCO Fund - used to account btr <br />employee deferred compensation plans created in accitrdance with Internal Revenue Code 457. <br />i <br />-98-
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