HomeMy WebLinkAboutCC AG PKT 2004-06-28 #G AGENDA REPORT 'a
DATE: June 28, 2004
TO: Honorable Mayor and City Council
THRU: John B. Bahorski, City Manager
FROM: Pamela Arends -King, Director of Administrative Services /Treasurer
SUBJECT: BUDGET AMENDMENT ADJUSTMENT
SUMMARY OF REQUEST:
Staff requests City Council approve budget amendment 04 -29 for fiscal year 2003/04 for
increases in wages and benefits due to the negotiated MOU changes to Seal Beach Police
Management Association and Police Officer's Association employee groups, and other
wages and benefits costs increases.
BACKGROUND:
As Staff reviewed the expenditures incurred thus far and projected for the remainder of
the fiscal year 2003/04 it was noted that current budgeted amounts for wages and benefits
were insufficient to cover the projected fiscal year 2003/04 expenditures. The negotiated
MOU changes to the Police employee groups retroactive to July 1, 2003 increased the
expenditures for both wages and benefits. Furthermore, tuition and unemployment
benefits were not budgeted in the original budget due to the uncertainty of the amounts.
FISCAL IMPACT:
The total budget amendment increases General Fund expenditures $175,965. Approval
of the amendment would decrease the General Fund's undesignated estimated fund
balance from $3,841,160 to $3,665,195.
RECOMMENATION:
•
City Council approve budget amendment 04 -29 for the proposed budget review
adjustments.
Agenda Item
Pamela Arends -King
Director of Administrative Services /Treasurer
John B. r horski
City M' alter