Item #06 Approval to Transfer $15,000 from Contingency Account to Education/Incentive AccountSO %/�
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AGENDA ITEM COVER SHEET
Meeting Date: 08/04/15
Item # (-P
Reviewed By
Contact Name: Gene Williford Department Director:
Contact Number: 1032 City Manager:
Sul a t< . Agp�oval'ta transfer $15,000 from 001 -516 00 -4900 Coht €ge cy:aceb but to c ucaitianicentive
A c mt'001-516= Ei0.1503.
Background Summary:
The Education/Incentive line item is under General Government but is administered by the Human Resources
Department. It is used to cover the employee's tuition as outlined in the City Personnel Rules & Regulations.
Issue:
The Education Incentive Program has been utilized by employees more than what was anticipated for fiscal year
14/15. Due to increased utilization by employees, the $25,000 budgeted for Education/Incentive is almost
depleted and will be necessary to transfer money in order to cover this expense through the end of this fiscal
year.
Recommendations
Staff respectfully recommends the Commission approve transferring the funds from 001 - 516 -00 -4900
Contingency.
Attachments:
None
Financial Impact:
$15,000 to be transferred from 001 - 516 -00 -4900 Contingency.
Type of Item: (please mark with an x')
Public Hearing
For Clerk's Dent Use:
Ordinance First Reading
_ Consent Agenda
Ordinance Second Reading
Public Hearing
Resolution
Regular Agenda
X Commission Approval
Discussion & Direction
Original Document/Contract Attached for Execution by City Clerk
Original Document/Contract Held by Department for Execution
Reviewed by City Attorney A�
N/A
N/A
Reviewed by Finance Dept. /�J,
Reviewed by Q
N/A