HomeMy WebLinkAboutTR-75-89 TOWN OF NEWCASTLE
REPORT File #/().5-7 . 5
Res. #
_= By-Law #
MEETING: GENERAL PURPOSE & ADMINISTRATION COMMITTEE
DATE: September 5, 1989
REPORT #: TR-75-89 FILE #:
SUB.ECT:
1989 BUDGET REALLOCATION
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-75-89 be received; and
2. That approval be given for the reallocation of funds from the
contingency account to the various salary and benefit accounts
within the 1989 budget to reflect recent benefit and monetary
settlements made by the Town with its employees (unionized and
non-union personnel) .
BACKGROUND & COMMENTS:
I
During the 1989 budget deliberations, $300,000 was provided in the
contingency account to offset increased costs realized from settlement
of the Town's collective agreements with unionized and non-union personnel,
and approved merit increases and adjustments.
Now that the collective agreements have been signed and a revised pay
scale adopted for non-union employees based upon performance evaluation,
it is appropriate at this time to reallocate a portion of the lump sum
provided in the contingency account to the various salary and benefit
budget accounts based on actual 1989 rates to date and budgeted values.
This budget reallocation will permit members of Council and Staff to better
evaluate actual costs incurred versus 1989 budgeted expenses.
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TR-75-89
1989 BUDGET REALLOCATION
Any amounts not required to meet the salary and benefits settlements will
remain in the contingency account to meet other emergency funding situations.
Respectfully submitted, Recommended for presentation
to the Committee
rie Marano, rence otseff,
Treasurer. Chief Ad n'strative Officer.
MM/lb
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