Title
Ordinance Amending the FY 2017-2018 General Fund Budget
Body
Department: Executive / Budget & Evaluation
Council District: All
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Jim Westmoreland, 373-2002
Contact 2 and Phone: Larry Davis, 373-2582
PURPOSE:
The purpose of this ordinance is to appropriate additional fund balance to accelerate the full implementation of salary increases for sworn personnel in the Police and Fire Departments, as approved in the FY 2017-2018 budget.
BACKGROUND:
Based on a request of Council at their August 15th meeting, staff has identified the following sources of funding to help implement the planned step and merit increases for Police and Fire on October 1, 2017. The cost for accelerating the implementation is approximately $625,000. Proposed funding for the request will be provided through appropriation of $490,000 of additional fund balance (i.e., appropriation of FY 16/17 FEMA reimbursement and projected organizational savings in FY 17/18) and $135,000 from Economic Development Division (i.e., for two previously budgeted incentive payments that will not need to be made in FY 17/18).
BUDGET IMPACT:
This ordinance will increase the Police and Fire Department budgets for Salaries & Wages through the appropriation of $490,000 in fund balance. The remaining cost for implementation ($135,000) will be funded through a budget adjustment which is listed in the over $50,000 Budget Adjustment Report in this agenda.
RECOMMENDATION / ACTION REQUESTED:
Staff respectfully recommends approval of the proposed budget ordinance.