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HomeMy WebLinkAboutV(F) Approval to Transfer Funds from Contingency into City Manager's Budget Agenda 08-03-2004 Item V.F. Mayor cent1 Of GOod 14Commissioners S. Scott Vandergrift ,r. , rgrif -„ Danny Howell, District 1 -;,:vie _ Scott Anderson, District 2 City Manager Rusty Johnson, District 3 Robert Frank - Nancy J. Parker, District 4 STAFF REPORT TO: The Honorable Mayor and City Commissioners FROM: Fran Diedrich, Human Resources Director DATE: August 3, 2004 RE: Contingency Transfer—Office of the City Manager ISSUE Transfer from contingency is needed to properly fund the City Manager's Department budget for the remainder of FY 2003-2004. BACKGROUND/DISCUSSION Payout issues for the former City Manager and changes in salary for the current City Manager require additional funding from contingency to supplement the personal services line items in the budget for the City Manager's Department. Contingency balance as of July 22, 2004 was $117,000. The new balance would be$88,000. RECOMMENDATION The Human Resources Department recommends transfer of$29,000 from contingency into the budget for the City Manager's Department.