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<br />Michael Dolby, CPA, Interim Director of Finance <br /> <br />Shelley Wolny, Budget Office~ <br />January 16,2007 <br /> <br />City of La Porte <br />Interoffice Memorandum <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Budget Amendment for 3.25% Across the Board Increases <br /> <br />During the FY 2007 Budget process $550,000 was earmarked for the compensation study. At the <br />January 8th City Council meeting, staff was given direction to utilize these funds to give all full- <br />time City employees a 3.25% across the board raise. Implementation of this increase will cost the <br />City a total of $538,678 including benefits. The General Fund will need $429,975 and the other <br />funds will need a total of $1 08,703 to implement. The distribution is as follows: <br /> <br />General Fund <br />Utility Fund <br />Sylvan Beach Fund <br />Insurance Fund <br />Technology Fund <br />Vehicle Maintenance Fund <br />Golf Course Fund <br />Mainstreet (Hotel/Motel Fund) <br />Total <br /> <br />$ 429,975 <br />54,524 <br />3,537 <br />3,000 <br />7,751 <br />17,403 <br />20,279 <br />2,209 <br />$ 538,678 <br /> <br />All of the money was budgeted in the General Fund, so we will need to transfer the $108,703 <br />from the General Fund and amend the budgets in the other funds for this transfer. <br />