I. RECOMMENDATION:
There is no staff recommendation. There was direction from the Council to eliminate the City Treasurer position.
II. BACKGROUND:
As part of the 2020-2021 Budget Process, Council opted to move forward with eliminating the City Treasurer position.
III. DISCUSSION:
The City Treasurer position cannot be eliminated. It can be transitioned to appointed rather than elected. There is a separate item associated with that process.
In order to respond to the Council's direction to eliminate the City Treasurer cost from the Fiscal Year 2020-2021 Budget after the current term, staff has prepared and attached Resolution No. 3975 Adjusting the Compensation for City Treasurer, essentially eliminating compensation and health insurance after the current term.
IV. ALTERNATIVES:
Do not approve the Resolution adjusting the compensation for the City Treasurer which would mean the pay and health insurance benefits would remain in place despite being eliminated from the Fiscal Year 2020-2021 Budget.
V. FISCAL IMPACT:
A savings of approximately $7,310 for FY 2020-2021and approximately $15,400 for a full fiscal year. |