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HomeMy WebLinkAbout98-24 RESOLUTION113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 98-24 File Number: 2024-1726 2024 CITY-WIDE EMPLOYEE COMPENSATION (COMPENSATION PACKAGE): A RESOLUTION TO OBLIGATE FUNDS IN THE AMOUNT OF $2,326,000.00 TO FACILITATE THE CITY- WIDE 2024 EMPLOYEE COMPENSATION ADJUSTMENT WHEREAS, Mayor Jordan's proposed Employment Compensation Adjustment will cost the General Fund about $1,463,000.00 for 2024 for General Fund employees; and WHEREAS, including all employees (Water and Sewer, Recycling and Trash Collection, etc. as well as General Fund employees), the cost will be about $2,326,000.00 for 2024; and WHEREAS, the approved 2024 budget included sufficient amounts for this plan and all funds have the capacity to afford the proposed salary increases. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves the obligation of previously appropriated funds in the amount of $2,326,000.00 to fund the city-wide 2024 Employee Compensation Adjustment. PASSED and APPROVED on March 5, 2024 Page 1 Attest: FAYETTEVILLE,= Kara Paxton, City Clerk Treasur r ��z• :�.� � J ... ivI TON ', CITY OF FAYETTEVILLE ARKANSAS MEETING OF MARCH 5, 2024 TO: Mayor Jordan and City Council THRU: FROM: Paul Becker, Chief Financial Officer CITY COUNCIL MEMO SUBJECT: 2024 Employee Compensation Appropriation Authority RECOMMENDATION: 2024-1726 The Mayor's recommendation is for the City Council to obligate appropriated funds to provide for the compensation package outlined below. BACKGROUND: As was discussed during the 2024 Budget process, the Mayor is recommending a compensation package to the City Council based on the Non -uniformed Staff Pay and Benefits Study recently completed and step increases for eligible sworn personnel under the step pay plan. Sufficient amounts for this plan were included in the 2024 Budget and all funds have the capacity to afford these salary increases. DISCUSSION: Based on these results, the Mayor is recommending the following compensation package to the Council: • The plan would provide across the board increases to all Non -uniformed personnel effective 04/01/2024. The increases will be based on the 6.34% movement to the structure approved with the 2024 Pay and Benefits Study. • The plan would provide for a one-step increase for eligible Police and Fire uniformed personnel beginning 04/01/2024. • Uniformed personnel to be eligible to receive a step increase must have completed at least one year of service, which means they must have been paid on Pay Period #8, 2023 which equals a start date before 04/17/2023. • The 2024 cost of this plan is projected to be $1,463,000 in the General Fund. The 2024 cost for all funds would be $2,326,000. • The ongoing cost of the plan in future years will be $2,001,000 for the General Fund and $3,183,000 for all funds. Mailing address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 BUDGET/STAFF IMPACT: The financial impact of this proposal on the expenditure budgets for various funds are as follows: 2024 - Step / Merit Payplan Impact FUNDING SOURCE ANNUAL IMPACT PARTIAL IMPACT 1010 - General $ 2,001,000 $ 1,463,000 2100 - Street 222,000 162,000 2130 - Parking 33,000 24,000 2180 - Community Development 21,000 15,600 2250 - Parks Development 137,000 100,000 2930 - Drug Law Enforcement Grant 16,000 11,500 5400 - Water and Sewer 391,000 286,000 5500 - Recycling and Trash Collection 244,000 178,000 5550 - Airport 40,000 28,900 9700 - Shop 78,000 57,000 Total $ 3,183,000 $ 2,326,000 ATTACHMENTS: SRF (#3) Mailing address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 == City of Fayetteville, Arkansas y 113 West Mountain Street Fayetteville, AR 72701 (479)575-8323 - Legislation Text File #: 2024-1726 2024 Employee Compensation Appropriation Authority A RESOLUTION TO OBLIGATE FUNDS IN THE AMOUNT OF $2,326,000.00 TO FACILITATE THE CITY-WIDE 2024 EMPLOYEE COMPENSATION ADJUSTMENT WHEREAS, Mayor Jordan's proposed Employment Compensation Adjustment will cost the General Fund about $1,463,000.00 for 2024 for General Fund employees; and WHEREAS, including all employees (Water and Sewer, Recycling and Trash Collection, etc. as well as General Fund employees), the cost will be about $2,326,000.00 for 2024; and WHEREAS, the approved 2024 budget included sufficient amounts for this plan and all funds have the capacity to afford the proposed salary increases. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves the obligation of previously appropriated funds in the amount of $2,326,000.00 to fund the city-wide 2024 Employee Compensation Adjustment. Page 1 Paul A Becker Submitted By City of Fayetteville Staff Review Form 2024-1726 Item ID 3/5/2024 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item 2/13/2024 CHIEF FINANCIAL OFFICER (110) Submitted Date Division / Department Action Recommendation: 2024 CITY-WIDE EMPLOYEE COMPENSATION: A RESOLUTION TO IMPLEMENT THE 2024 SALARY SURVEY AND PROVIDE A STEP INCREASE FOR ELIGIBLE SWORN PERSONNEL. ####. ###. ####- 51##. ## Account Number Project Number Budgeted Item? Yes Does item have a direct cost? No Is a Budget Adjustment attached? No Purchase Order Number: Change Order Number: Original Contract Number: Comments: Budget Impact: Total Amended Budget Expenses (Actual+Encum) Available Budget Item Cost Budget Adjustment Remaining Budget All Funds Fund Project Title $ 85,191,863.00 $ 10,021,488.00 75,170,375.00 S 75,170,375.00 Previous Ordinance or Resolution # Approval Date: V20221130