Laserfiche WebLink
CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />10/09/08 <br />Council Date: <br />City Council <br />Kevin Carruth <br />25. <br />10/13/08 <br />RECOMMENDED MOTION: <br />Not an action item. <br />POLICY ISSUE(S): <br />Budget; Employee benefits <br />BACKGROUND: <br />Council directed staff to develop two scenarios to allocate the $254,369 left over in the FY 2008-2009 <br />General Fund as one-time payments to employees. Including all 331 full-time employees will result in <br />individual payments of $625 (plus $150 in benefits and taxes) and total $257,238 (including benefits). Paying <br />only the 312 non-exempt employees would give them $660 each (in addition to $158 in benefits and taxes) <br />and cost $255,341. These amounts assume payment in calendar year 2008. Our TMRS rate will drop <br />January 1, 2009, which would add about $10 to each payment if payments were sent after January 1. <br />Because of the minunal difference and the higher need for the payments during the holiday season, I plan to <br />send payments to all full-time employees in November. <br />BOARD/COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$255,341 <br />❑ Department Report ❑ Resolution <br />Budgeted Amt. <br />$254,369 <br />Z Presentation ❑ Ordinance <br />y'I'D Actual <br />$ <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />Acct. Number <br />FISCAL NOTES: <br />REVIEWED AND APPROVED BY: <br />Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT Z Finance ❑ Fire <br />❑ Municipal Court ❑ Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris Revised 2/04/08 <br />• OOU16i <br />