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HomeMy WebLinkAboutResolution 2008-0031 CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 31-2008 TITLE: A RESOLUTION AMENDING THE 2008 BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $262,347 FOR MARKET AD.nJSTMENTS TO EMPLOYEE PAY PLANS WHEREAS, a market study reviewing 2008 salary ranges for all City positions was conducted, WHEAREAS, the market study results indicate the City Compensation Plans require upward adjustments in order to remain competitive and within the 70th percentile for Law Enforcement (Sworn) positions and 55th percentile for all other positions as established by the City; WHEREAS, the City Council will continue to maintain a mid-year effective date for all employee compensation plans; WHEREAS, the City Council is committed to maintaining a productive, highly motivated workforce with competitive compensation; NOW THEREFORE BE IT RESOLVED by the City Council of the City of Wheat Ridge, Colorado, as follows: A. The City of Wheat Ridge 2008 Budget be amended accordingly, specifically transferring $262,347 from undesignated reserves to the appropriate accounts in the various funds. DONE AND RESOLVED THIS:l~,.d.. day of Juue, 2008. ATTEST: ~~^-~'\~:>. c:U~'W-~ Michael Suow, Ci~ Clerk . .. . ~