Item Text

35. FY 2014 BUDGET ADJUSTMENT FOR RETENTION PAY PLAN AND MARKET ADJUSTMENTS Pursuant to A.R.S. 42-1706(b), approve the following transfers for expenditure authority in FY 2014: 1. Increase the FY 2014 General Fund (100) expenditure budgets by the amount indicated for the departments and function classes listed under the General Fund (100) heading on the attached schedule. Offset these increases by decreasing the Non Departmental (470) General Fund (100) Operating Other Programs (4712) Compensation Market and Merit line by $33,730,434, for a net impact of zero. 2. Increase the FY 2014 Detention Fund (255) expenditure budgets by the amount indicated for the departments and function classes listed under the Detention Fund (255) heading on the attached schedule. Offset these increases by decreasing the Non Departmental (470) Detention Fund (255) Operating Other Programs (4712) Compensation Market and Merit line by $17,619,432, for a net impact of zero. 3. For the departments and special revenue funds listed under the Special Revenue Funds heading on the attached schedule, increase the FY 2014 operating revenue and expenditures budgets by the amounts indicated on the attached schedule. Offset these increases by decreasing the Non Departmental (470) Non Departmental Grants (249) Operating expenditures by $3,669,755 and revenue by $387,382, for a net impact of zero. These changes are necessary to appropriate funding to department budgets for the Retention Pay Plan adjustments and Market Range Adjustments implemented July 8, 2013. (C-49-13-092-2-00)