Type: Resolution Hennepin County Comments: 0

Amd 2 To Agmt Pr00000724 With Lutheran Social Service Of Minnesota For The Provision Of Financial Counseling And Classes To Hennepin County Employees And Their Family Members, Ext End Date To 12/31/25, Incr Nte By $70,941

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Lutheran Social Service (Lss) Of Minnesota’s Certified Financial Counselors Provide •Up To Six Financial And/Or Student Loan Repayment Counseling Sessions Per Year For Each Hennepin County Employee And/Or Family Member, At No Cost To The Employee Or Family Member, Covering Budget Counseling, Credit Report Review, Housing Counseling, Or Checking Account Management Skills. •Up To 24 Financial Wellness Educational Workshops Per Year •Debt Management Plans For Employees To Enroll In •On-Call Counselor Services For Brief Financial Questions •Direct Phone Number For Hennepin County Employees This Item Supports Disparity Reduction Efforts By Providing Personalized Financial Literacy Training And Education Including Broader Perspectives About Wealth And The Psychology Of Money. Financial Well-Being Is Part Of The County’s Total Rewards Strategy. In 2023, Lss Provided Financial Counseling Sessions To 174 Individuals And Educational Sessions To 367 Participants. During The First Two Quarters Of 2024, 114 Individuals Participated In A Financial Counseling Session And 617 Attended A Financial Presentation. Feedback Received Has Been Positive. Recommendation Recommendation From County Administrator Recommend Approval

Bill Activity

  • 10/29/2024: Board Of Hennepin County Commissioners

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