HomeMy WebLinkAboutTR-97-87 Ac �
TOWN OF NEWCASTLE
t REPORT File #
Res. #
By-Law #
MEETING: GENERAL PURPOSE & ADMINISTRATION COMMITTEE
DATE: December 7, 1987
REPORT #: TR-97-87 FILE #:
SM ECT:
1987 BUDGET REALLOCATION
RECOMMENDATIONS:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-97-87 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 1987 budget to reflect recent benefit and monetary
settlements made by the Town with its employees (unionized and
non-union personnel) .
BACKGROUND & COMMENTS:
During the 1987 budget deliberations, $150,000 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.
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
. . .2
TR-97-87 Page 2
provided in the contingency account to the various salary and benefit
budget accounts based on actual 1987 rates.
Staff have recalculated the salary and benefit schedules for the 1987
budget and a reallocation of funds in the amount of $92,134.00 would be
in order at this time. This adjustment will permit members of Council
and Staff to better evaluate actual costs incurred versus 1987 budgetted
expenses.
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
�-R. Blanchard, ha rence otseff,
Treasurer. Chief Ad fin ;strative Officer.
JRB/pp