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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 03/16/1999 - SECOND READING OF ORDINANCE NO. 34, 1999, AUTHORIZ AGENDA ITEM SUMMARY ITEM NUMBER: 8 DATE: March 16, 1999 FORT COLLINS CITY COUNCIL STAFF: Doug Smith 4SUBJECT : Second Reading of Ordinance No. 34, 1999, Authorizing the Transfer of Existing Appropriations Between Funds. RECOMMENDATION: Staff recommends adoption of the Ordinance on Second Reading. EXECUTIVE SUMMARY: Ordinance No. 34, 1999, which was unanimously adopted on First Reading on March 2, 1999, authorizes the transfer of the $902,109 from the General Fund to those funds that have employees subsidized by the General Fund and appropriates that amount in those various funds. AGENDA ITEM SUMMARY ITEM NUMBER: 18 FORT COLLINS CITY COUNCIL DATE: March 2, 1999 STAFF: Doug Smith SUBJECT: First Reading of Ordinance No. 34, 1999, Authorizing the Transfer of Existing Appropriations Between Funds. RECOMMENDATION: Staff recommends adoption of-the Ordinance on First Readinge FINANCIAL IMPACT: The Annual Appropriation Ordinance for fiscal year 1999 approved by City Council included $2,273,205 appropriated for employee compensation in the General Fund and for those funds that have employees subsidized by the General Fund. The $2,273,205 was pooled in the General Fund to be distributed in 1999.This Ordinance authorizes the transfer of$902,109 from the aphaveemployted subsidized by the General;F2,273,205 in the General und e�ployee compensation p Jan d ppropriates the$902,109 in those funds that Cemetery Fund $ 11 110 Cultural Services & Facili s Fund $ 11,7,990 Recreation Fund $°1`71,152" Transit Services Fund $ 566,426 Transportation Fund 35,431 7 TOTAL $ 902,109 EXECUTIVE SUMMARY: On August 18, 1998, Council adopted the City's 1998-1999 Pay Plan. With that approval,the City now has a more descriptive, accurate, and streamlined classification system for its employees and each classification has an up-to-date tarket-based pay Wuc in line with the City's compensation policy. ri The original concept was to acLl sfi m9n—tion oft Pay Plan within the existing funds set aside in the 1999 adopted budget. However, as employees began to assess how the plan would affect them,several concerns surfaced.To address those very real concerns,a recommendation was presented to Council for full implementation ofthe Pay Plan in 1999. The estimated cost at that time for full implementation was approximately $3.2 million for the General Fund and those funds that have employees subsidized by the General Fund.The decision made by Council was to phase-in the implementation of the City Pay Plan over a two-year period(1999 and 2000). The Annual Appropriation Ordinance adopted by Council for fiscal year 1999 included$2,273,205 40 appropriated in the General Fund for compensation of General Fund employees and those funds that have employees subsidized by the General Fund for the first year of the two-year implementation of the 1998-1999 City Pay Plan. The appropriation of the $2,273,205 included $1,563,320 of DATE: March 2, 1999 2 ITEM NUMBER: 18 existing monies that was approved by Council in the original adoption of the 1999 budget, and the appropriation of$709,885 of one-time monies from the General Fund Productivity Savings Reserve. The $2,273,205 was pooled in the General Fund to be distributed in 1999 for employee compensation in the General Fund and those funds that have employees subsidized by the General Fund. Of the $2,273,205, $902,109 is for employee compensation in the subsidized funds. The Ordinance presented to Council for approval authorizes the transfer of the $902,109 from the General Fund to those funds that have employees subsidized by the General Fund and appropriates that amount in those various funds. The second year of the 1998-1999 City Pay Planimglementa on as recommended by Council,will be included in the 2000 budgd as part of the recommended 20,00-2001 biennial budget presented to Council in September, 1999 i C or w