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File #: 971602    Version:
Type: Resolution Status: Passed
File created: 1/20/1998 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 2/10/1998
Effective date:    
Title: Substitute resolution authorizing the appropriation of $500,000 from the 1997 Common Council Contingent Fund (Acct. No. 09-910-8000) to the Wages Supplement Fund (Acct. No. 01-060-8001) to provide funding for greater than anticipated salary increases and facilitate year end closing of 1997 accounts.
Sponsors: THE CHAIR
Indexes: CONTINGENT FUND, WAGES AND BENEFITS
NUMB:
971602
VERS:
SUBSTITUTE 1
REF:
 
XXBY:
THE CHAIR
TITL:
Substitute resolution authorizing the appropriation of $500,000 from the 1997 Common Council Contingent Fund (Acct. No. 09-910-8000) to the Wages Supplement Fund (Acct. No. 01-060-8001) to provide funding for greater than anticipated salary increases and facilitate year end closing of 1997 accounts.
ANLS:
This resolution authorizes an appropriation of $500,000 to fund anticipated salary increases that were greater than budgeted.
 
 
BODY:
Whereas, several bargaining units have negotiated salary increases that were greater than anticipated, and
 
Whereas,; the settlement of these contracts included the payment of a $100 signing bonus; now, therefore, be it
 
Resolved, By the Common Council of the City of Milwaukee, that the City Comptroller is authorized and hereby directed to appropriate $500,000 from the 1997 Contingent Fund (09-910-8000), to the Wages Supplement Fund (01-060-8001) to fund greater than anticipated wage rate increases.
 
 
DFTR:
Budget and Management Division
Ref: 97009(21); GCJ:nme
February 2, 1998
Finance: 971602r.doc