HomeMy WebLinkAboutCC RESO 2004 - 231RESOLUTION NO. 2004 — 231
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
APPROVING THE TRANSFER OF FUNDS FROM
THE UNDESIGNATED FUND BALANCE ACCOUNT TO THE
OPERATING CONTINGENCY ACCOUNT NOT TO EXCEED $70,000
TO SUPPORT A ONE-TIME PERFORMANCE INCENTIVE
FOR THE EXECUTIVE AND MANAGEMENT GROUP
WHEREAS, the Executive and Management Employee Group has not had
an increase in salary since June 9, 2002; and
WHEREAS, a performance -based incentive pay -out is requested to
supplement management salaries on a one-time basis; and
WHEREAS, a transfer of funds from the Undesignated Fund Balance Account to
the Operating Contingency Account is necessary to fund said pay -out.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of National City hereby authorizes the following transfer of funds:
FROM: Account No. 001-2501
Undesignated Fund Balance
TO: Account No. 001-409-000-710
Operating Contingency
TOTAL AMOUNT: Not to exceed $70,000
PURPOSE:
To fund a one-time performance -based incentive pay-
out to the Executive and Management Employee
Group
PASSED and ADOPTED this 7th day of December, 2004.
ATTEST:
&riji
Mic ael R. Della, City Clerk
Nick i"nzunza,'ayor
APPROVED AS TO FORM:
Georiser, Ill
City Attorney