HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: January 25, 2011
AGENDA ITEM NO.
ITEM TITLE:
Resolution of the City of National City authorizing a one-time performance and retention incentive payment of
three percent to eligible employees in the executive and management groups in lieu of increases in base salary,
and approving a transfer of funds not to exceed $100,000 from the General Fund Contingency Reserve to the
Personnel Compensation Fund for said payment.
PREPARED BY: Stacey Stevenson DEPARTMENT: H
PHONE: 336-4308 APPROVED BY:
EXPLANATION:
See attached.
FINANCIAL STATEMENT: APPROVED:
ACCOUNT NO. 001-409-000-099-0000 and 212-00000-3999 j APPROVED:
ResLources
Finance
MIS
Transfer from General Fund (001) .to the Personnel Compensation Fund (212) and reduce the General Fund Contingency Reserve in the
amount of $100,000. After the transfer of funds, the Contingency Reserve Balance is $6,016,444.
ENVIRONMENTAL REVIEW:
N/A
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
STAFF RECOMMENDATION:
Adopt the Resolution
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS;
Staff Report