2012 - 04
City Council Resolutions
2012 - 04
7/30/2012 9:06:44 AM
7/30/2012 9:06:43 AM
RESOLUTIONS - DESCRIPTION
Approving committed funds for money surplus in FY 2012
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Resolution 2012 - 4 <br /> A Resolution Approving the Committed Fund Reserves <br /> NOW, THEREFORE BE IT RESOLVED by the City Council of the City of <br /> University City, Missouri, that the City Council directs the fund reserves to be committed <br /> to and applied to items proposed during the budget study session on June 11, 2012. <br /> BE IT FURTHER RESOLVED, that the City Council directs the fund reserves to <br /> be committed to and applied to the following items: <br /> • In FY 2012, a portion of projected surplus in the amount of$180,000 to be used <br /> for a 2% salary bonus for staff who are at the top of their salary range and have <br /> not received step increases. <br /> • In FY 2013, $1,270,000 is set aside to be used for infrastructure items such as <br /> street and sidewalk repairs and tree trimming. <br /> • In FY 2013, $39,000 is set aside for flood buyouts as an addition to $461,000 <br /> previously committed by City Council in June of 2010. <br /> Adopted this 25th day of June, 2012 <br /> 1f l <br /> •I ....A• <br /> Shelley Welsch, ►0 _ <br /> Attest: <br /> •,�e Pu m <br /> ity Clerk <br />
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