Title
AN ORDINANCE APPROVING AMENDMENT NO. 9 TO THE BUDGET FOR THE FISCAL YEAR ENDING JUNE 30, 2017, AS ADOPTED BY ORDINANCE NO. 7894, BY REVISING THE AUTHORIZED PAY AND CLASSIFICATION PLAN AND BY REVISING THE AUTHORIZED BUDGET EXPENDITURES OF THE CITY OF LEE’S SUMMIT, MISSOURI. (F&BC 2/6/17)
Body
Issue/Request:
AN ORDINANCE APPROVING AMENDMENT NO. 9 TO THE BUDGET FOR THE FISCAL YEAR ENDING JUNE 30, 2017, AS ADOPTED BY ORDINANCE NO. 7894, BY REVISING THE AUTHORIZED PAY AND CLASSIFICATION PLAN AND BY REVISING THE AUTHORIZED BUDGET EXPENDITURES OF THE CITY OF LEE’S SUMMIT, MISSOURI
Key Issues:
Before the start of a new fiscal year, City departments will project, or estimate, the final anticipated revenues and expenditures, in the current fiscal year, for their prospective fund or department. The year end projections are developed to help identify a more accurate financial condition. In some instances, budgeted amounts are calculated 6 to 12 months before the start of the fiscal year. The process of calculating year end projections helps refine anticipated revenue and expenditure budget amounts by factoring real time trend information, unanticipated revenues or expenditures, or cost savings.
Since the adoption of the original budget on June 16, 2016, the Fire Department has projected to incur additional costs that would exceed budgeted amounts.
- On January 5, 2017 the City Council approved a labor agreement by and between the International Association of Fire Fighters (IAFF) and the City of Lee's Summit. This agreement provided for wage adjustments for IAFF members. Concurrent with the approval of the agreement, Council approved wage adjustments for non-sworn fire personnel. As a result, this amendment will increase the Fire Department's budget to reflect the City Council's actions taken at the January 5, 2017 meeting. The anticipated cost of the wage adjustments is approximately $1.2m annually or $600k for the remainder of FY17. Additionally, to i...
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