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REQUEST UEST FOR COUNCIL CONSIDERATION AgendaSection: 9.D <br /> mos Q Repoortrt Number: 9 2-446C <br /> STAFF REPORT Report Date: 1 2-2 —A 2 <br /> Council Action: <br /> EN <br /> 0 Special Order of Business <br /> CITY COUNCIL MEETING DATE December 28. 1992 0 Public Hearings <br /> 0 Consent Agenda <br /> Council Business <br /> Item Description: <br /> RESOLUTION AUTHORIZING BUDGET TRANSFERS FOR 1992 SALARY ADJUSTMENTS <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMARY, <br /> • <br /> The 1992 General Fund Budget has two salary contingency accounts. The first is for salary <br /> adjustments for cost of living. The second is for salary adjustments as a result of comp worth. <br /> The salary and fringe benefit accounts in departmental budgets contained the previous years <br /> salaries. As a consequence of 1992 salary adjustments for cost of living and comp worth it is <br /> necessary to make budget transfers from the salary contingency accounts to the departmental <br /> salary and fringe benefit accounts. The attached resolution authorizes the necessary budget <br /> transfers. <br /> • <br /> Donald Brager, Finance 'rector-Treasurer <br /> RECOMMENDATION; <br /> Adopt Resolution No. 4322 A Resolution Authorizing Budget Transfers For 1992 Salary <br /> Adjustments. <br />