Vote: approved

Item Text

26. FY 2014 RETENTION PAY PLAN AND MARKET ADJUSTMENTS FOR THE FIRST QUARTER 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 a decrease to the Non Departmental (470) General Fund (100) Operating Other Programs (4712) Compensation Market and Merit line by $938,864, 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 a decrease to the Non Departmental (470) Detention Fund (255) Operating Other Programs (4712) Compensation Market and Merit line by $21,292, 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, decrease the FY 2014 operating expenditures budgets by the amounts indicated on the attached schedule. Offset these decreases by increasing the Non Departmental (470) Non Departmental Grants (249) Operating expenditures by $472,564 for a net impact of zero. These changes are necessary to appropriate expenditure authority for the Retention Pay Plan and Market adjustments implemented between 7/9/13 and 9/30/13 and any changes required to the initial FY 2014 Retention Pay Plan and Market Adjustments approved on August 7, 2013. (C-49-14-020-2-00)

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