HomeMy WebLinkAboutCC AG PKT 2004-03-22 #J r
AGENDA REPORT , �
DATE: March 22, 2004
� 8 �
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 a budget amendment 04 -25 for fiscal year 2003/04
for increases in wages and benefits due to the negotiated MOU changes to Seal Beach
Supervisors and Professional Employees Association employee group, benefit cost
increases due to medical, dental and PERS increases and wage increases and/or decreases
due to retirements and terminations.
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 retroactive to July 1, 2003 increased the expenditures for both wages and
benefits. Benefits, such as medical and dental, • also increased at a higher rate than
budgeted starting in January 2004. The PERS benefit expenditure for the lifeguard
department also increased due to a change in the contribution rate equivalent to the safety
rate. Furthermore, the pay -offs to the Lifeguard Chief and City Clerk upon their
retirement will increase wage expenditures. In addition, the departure from employment
of several employees has decreased the projected wage expenditures in a few
departments.
FISCAL IMPACT:
The total budget amendment increases General Fund expenditures $105,717. Approval
of the amendment would decrease the General Fund's undesignated estimated fund
balance from $3,984,677 to $3,878,960.
RECOMMENDATION:
City Council approves budget amendment 04 -25 for the proposed budget review
adjustments.
Agenda Item LT
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Budget Review Adjustments
03/22/2004
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Pamela Arends -King
Director .1 Administrative Services /Treasurer
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John : Bahorski
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