HomeMy WebLinkAbout2004-115-09/21/2004-ADOPTING AMENDMENTS TO THE FINANCIAL MANAGEMENT POLICIES RESOLUTION 2004-115
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING AMENDMENTS TO THE
FINANCIAL MANAGEMENT POLICIES
WHEREAS, Council has adopted Financial Management Policies for the City pursuant to
Resolution 94-174; and
WHEREAS, Resolution 94-174 provides that the Council may adopt amendments to the
Financial Management Policies; and
WHEREAS, the City is committed to sound and efficient financial planning and
management; and
WHEREAS,the City Council most recently adopted changes to the Financial Management
Policies in December of 2003; and
WHEREAS,the December 2003 amendments to the Financial Management Policies did not
include substantive change to Section 3.4, which deals with Human Resource Management and
Productivity, which are now being presented for Council's consideration; and
WHEREAS, the City Manager has reviewed the proposed amendments to Section 3.4; and
WHEREAS, the proposed amendments to Section 3.4 establish guidelines for sound and
efficient financial planning and management, and reflect current requirements and laws that apply
to the City's financial activities; and
WHEREAS, the Council wishes to adopt these amendments to the City's Financial
Management Policies in pursuit of its objectives of sound and efficient financial planning and
management.
NOW, THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the Council hereby adopts the amendments to Section 3.4 of the City's
Financial Management Policies as described in Exhibit"A",attached hereto and incorporated herein
by this reference.
Section 2. That the amendments to the Financial Management Policies adopted by the
passage of this Resolution shall be included as part of said Policies, which Policies shall hereafter
remain in effect until the same are amended or repealed by subsequent action of the City Council.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this
21st day of September, A.D. 2004.
Mayor
ATTEST:
I�A
City Clerk
Exhibit A
3.4 HUMAN RESOURCE MANAGEMENT AND PRODUCTIVITY
The City of Fort Collins' goal as an employer is to attract and retain quality employees in
recognition of their essential contribution in providing services to the citizens of Fort Collins.
As a provider of services in the community, the experience, commitment and talent of our
employees is critical to the quality and value of City services.
The City has two financial policies that address the human resource component of its cost
of providing services:
a. Employee Compensation Policy
In order to attract and retain quality employees and also to recognize and reward quality
performance, the City has established a system that guides the compensation of its
employees. The objective of the compensation policy is to pay employees fairly,
competitively and in a way that is understandable to the community and the organization.
1. For all classified employees and unclassified management of the City,compensation
will be established through a total compensation methodology.Total compensation
is defined as both salary and benefits. This methodology will use annual surveys
of the relevant labor market. The labor market is defined as employers and
jurisdictions that closely approximate the size and/or services of the City of Fort
Collins.This market will primarily consist of Front Range communities,but may also
include,where appropriate,counties,the state of Colorado or regional data from both
the private and public sectors.
Salaries will be calculated at the 70th percentile by taking the pay range maximums
of comparable market data and establishing a point wherein 30%of the salaries are
higher and 69% of the salaries are lower than the City's pay range maximum.
Benefits will be set at a point that is determined to be competitive, as compared to
the relevant labor market, by examining market provisions and plan design for
medical and dental insurance.
2. Hourly,temporary or contractual employee compensation rates will be set according
to the prevailing market rate for that type of job within the Northern Colorado
market; the existing pay plan may also be considered for similar positions. These
employees are a valuable resource in the provision of services for the community,
and the City will set those compensation rates in a manner that will attract high
quality employees.
b. City Performance Goals and Measures Policies
The goals of the City of Fort Collins are to provide our citizens with outstanding services.
In doing so, the City will commit to attracting and retaining quality employees and to
recognizing and rewarding their quality performance.
To accomplish these goals, the City will:
1. Maintain staffing at a level that will enable the City to provide the necessary services
in a high quality manner;
2. Provide ongoing assessment of customer satisfaction with the level of services
provided by the City and continuously improve the quality of those services;
3. Develop and maintain a performance review process to establish goals and to
evaluate employee work performance;
4. Assess options to streamline operations by continuing to monitor the cost
effectiveness of additional staffing vs. the cost of adding capital equipment; and
5. Measure the productivity and effectiveness of the City's work force.