Due to a processing anomaly that occurred during year-end close processing, the charges for 401K vendor payments processed one day earlier than usual. As a result, the cash balance in fund 0942 went negative. The offsetting revenue transactions processed on September 1. To receive salary reduction payments for benefits included in a cafeteria plan, other than Employees Uniform Group Insurance Program coverages and appropriations by the state for the administration of the cafeteria plan. This fund is available without fiscal year limitations to pay for all payments for any benefits included in the plan and to pay for all administrative expenses of the cafeteria plan.
Fund also receives monthly charges made to participants by means of payroll deduction agreements.
The fund may be invested and reinvested and any interest on earnings of and proceeds from the sale of investments become a part of the fund. To receive deferrals, appropriations by the state for the administration of the deferred compensation plan, trust income, and fees. To receive deferrals, appropriations by the state for the administration of the deferred compensation plan, trust income, and fees. To hold wages or penalties assessed by the commission if the party required to pay said wages or penalties files a petition for judicial review in a court of competent jurisdiction contesting the final order. The amounts assessed by the commission are forwarded for deposit in escrow in an interest-bearing account.