Impact
WARD / COUNCILMEMBER: Ward / Citywide
$ IMPACT: $317,258 use of reserves
Title
Approval of an amendment to the adopted FY 2022 department level budgets to use General Fund reserves to fund the FY 2022 impact of the previously adopted new pay grade bands and pay adjustments in the amount of $317,258.
Ward / Citywide
Body
ISSUE AND BACKGROUND:
The City adopted new pay bands and pay adjustments at the April 18, 2022 meeting. The amount presented was the estimated annual impact for FY2023 of these raises and that amount will be approved in coordination with the adopted FY 2023 budget. The CIty needs to amend the departmental budgets to increase them for the impact of these raises 4/4/2022 through the end of the fiscal year. This was an unbudgeted item and will require the use of reserves.
RECOMMENDATION / REQUESTED ACTION: Approval of an amendment to the adopted FY 2022 department level budgets to use General Fund reserves to fund the FY 2022 impact of the previously adopted new pay grade bands and pay adjustments in the amount of $317,258.