File #: ID 2023-221    Version: Name:
Type: Resolution Status: Filed
File created: 6/27/2023 In control: Regular City Commission Meeting
On agenda: 7/5/2023 Final action: 7/5/2023
Title: RESOLUTION - APPROVING A THREE PERCENT (3.0%) COST OF LIVING ADJUSTMENT (COLA) FOR THE PERIOD FROM OCTOBER 1, 2023 THROUGH SEPTEMBER 30, 2024 AND ONE-TIME $2,500.00 ECONOMIC IMPACT PAYMENT FOR FISCAL YEAR 2023, FOR ALL NON-BARGAINED PERSONNEL; PROVIDING FOR EFFECTIVE DATE.
Attachments: 1. RESOLUTION

 

TO:                     Mayor and City Commission

 

FROM:                     Cale Curtis, City Manager

 

DATE:                     July 5, 2023

 

 

Title

RESOLUTION - APPROVING A THREE PERCENT (3.0%) COST OF LIVING ADJUSTMENT (COLA) FOR THE PERIOD FROM OCTOBER 1, 2023 THROUGH SEPTEMBER 30, 2024 AND ONE-TIME $2,500.00 ECONOMIC IMPACT PAYMENT FOR FISCAL YEAR 2023, FOR ALL NON-BARGAINED PERSONNEL; PROVIDING FOR EFFECTIVE DATE.

 

Body

 

 

BACKGROUND:                     This Resolution provides for a three-percent (3%) cost of living adjustment (COLA) and one-time $2,500.00 economic impact payment for all non-bargained personnel (excluding part time personnel). Providing an immediate one-time economic impact payment, for fiscal year 2023, similar to what was provided to bargained-for personnel, without the additional compounded cost created by only utilizing a percentage adjustment.

 

 

RECOMMENDATION:                     For approval.

 

 

FISCAL IMPACT:                     The three percent (3.0%) cost of living adjustment (COLA) is already included in the proposed 2024 budget. Funding for the one-time economic impact payment will be provided for during budget amendment utilizing fiscal year 2023 available funds.

 

 

 

CONTACT PERSON:                     Cale Curtis, City Manager