Title
Authorizing Transfer of Surplus Funds into the Tuition Reimbursement Program for City Employees
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
There has been an increased interest in the employee benefit program for tuition reimbursement which has created a need for additional funding in that account. There are surplus funds available to transfer $10,860 into this account to provide more funding for employee tuition reimbursement.
SOURCE OF FUNDING:
Please provide the amount requested: Requesting transfer of $10,860 ____________
Is this a budgeted item? Yes
Please provide the budgeted amount: Transfer of $10,860
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
WHEREAS, there has been an increased interest in the employee benefit program for tuition reimbursement which has created a need for additional funding in that account, and
WHEREAS, there are surplus funds in the amount of $8,995 available in various salaries accounts due to a position vacancy, and, there are surplus funds in the dues and subscriptions account in the amount of $1,865 due to a decision not to renew an online personnel subscription service.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Authorizes transferring a total of $10,860.00 from the following accounts to the Employee Continuing Education Account #01-620-1205
01-620-1010 Salaries $7,785
01-620-1030 Payroll Tax $596
01-620-1050 Retirement $542
01-620-1041 Life/Disability $44
01-620-1160 Workers Comp $28
01-620-8080 Dues & Subscriptions $1,865
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.