SO NOW WE'RE GOING TO MOVE ON TO THE WORK SESSION AND I ACTUALLY FORGOT TO PRINT
[Call to Order]
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OUT -- HERE.THE WORK SESSION AND SO DR. HUTCHINGS, DO YOU WANT TO START US OFF WITH THE
[Item 1]
COMBINED FUNDS REVISED BUDGET AND CIP?SO I AM GOING TO START US OFF WITH THAT AND I'M GOING TO HAVE OUR CHIEF FINANCIAL OFFICER, MR. TURNER, HE'S GOING TO SHARE HIS SCREEN AND KIND OF DIVE INTO THE POWERPOINT PRESENTATION AS I TALK US THROUGH THE PRESENTATION.
>> IT SAYS THE HOST HAS DISABLED THAT ABILITY.
YOU SHOULD BE ABLE TO SHARE NOW.
>> GIVE ME A THUMBS UP IF YOU CAN SEE MY SCREEN.
>> IS THERE A WAY TO PUT IT INTO -- 20.5 MILLION JOBS HAVE BEEN LOST ACROSS THIS COUNTRY.
AND THAT'S TREMENDOUS SO THE IMPACT THAT THIS GLOBAL PANDEMIC IS HAVING ACROSS THE WORLD AND ESPECIALLY HERE IN THE CITY OF ALEXANDRIA AS WELL, THIS IS DEFINITELY GOING IN THE HISTORY BOOKS.
LET'S LOOK AT COMBINED FUNDS -- THE BOARD IS VERY FAMILIAR WITH THESE PRIORITIES.
WE WENT THROUGH AN EXERCISE THIS PAST FALL AND THAT WAS FALL OF 2019 TO DEVELOP THE BUDGET PRIORITIES USING SPECIFIC DATA POINTS FROM ALL OF OUR ACADEMIC DATA AS WELL AS OUR STRATEGIC PLANNING DATA TO DETERMINE WHAT ARE THE SPECIFIC AREAS OF FOCUS FOR THE FY 21 YEAR.
AND EVEN THOUGH WE ARE NOW EXPERIENCING THIS GLOBAL PANDEMIC, WE STILL HAVE K 12 LITCY THAT WE NEED TO FOCUS -- LITERACY THAT WE NEED TO FOCUS ON.
WE HAVE TO IMPLEMENT OUR SPECIAL EDUCATION AUDIT REQUIREMENTS AND THINGS OF THAT NATURE.
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SO WE ARE STAYING TRUE TO THE ACTUAL BUDGET PRIORITIES THAT WERE DEVELOPED AND APPROVED BY THE BOARD AS WE MAKE THESE REVISIONS MOVING FORWARD.ALSO JUST WANT TO REMIND US AH OF WHAT THE APPROVED FY 21 OPERATING BUDGET LOOKED LIKE.
AND A FEW MONTHS AGO, FEBRUARY 20TH, WE WERE ALL -- THERE WAS A COLLABORATIVE EFFORT TO EVEN NARROW IT DOWN TO THE 2 TEA $9 MILLION BUDGET THAT WE DEVELOPED AND APPROVED BACK IN FEBRUARY.
BUT NOW WE'RE AT A TIME WHERE WE'RE GOING TO HAVE TO MAKE SOME TOUGH DECISIONS AND.
>> WE ARE REVISITING THE FY 21 BUDGETS AGAIN AND HAVING TO DO FURTHER -- WHICH I HOPE THAT, THAT IS NOT CASE.
ALSO, AS WE'RE LOOKING TO SEE OUR ECONOMY RECOVER, YOU KNOW, DEPENDING ON HOW LONG THIS SHUTDOWN WILL BE AND HOW LONG IT'S GOING TO TAKE FOR BUSINESSES TO REOPEN, WE MAY ALSO SEE FURTHER REDUCTIONS DUE TO THE ECONOMIC RECOVERY GOING SLOWER THAN PROJECTED IN THE CITIES BUDGET AS WELL AS IN OUR BUDGET.
SO I THINK THAT WE ARE GOING TO CONTINUE TO MONITOR THAT.
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THE CITY MANAGER AND I, WE ARE STILL IN CONTACT.MORE NOW THAN WE WERE BEFORE SO WE'RE STAYING IN TUNE TO WHAT'S HAPPENING AND MONITORING WHAT'S GOING ON THROUGHOUT THE STATE AS WELL AS THE UNITED STATES OF AMERICA.
WE ALSO RECEIVED REVENUE LOCALLY AND THAT IS WE RENT OUT OUR BUILDINGS.
WE HAVE PEOPLE WHO ATTEND SCHOOL AND PAY TUITION OR FEES THAT PEOPLE MAY PAY TO THE SCHOOL DIVISION AND WE'RE LOOKING AT A REDUCTION OF ABOUT $300,000 RIGHT NOW.
IN REGARDS TO OUR LOCAL REVENUE.
AND THEN FINALLY OUR FEDERAL REVENUE IS ANOTHER SOURCE THAT WE RECEIVE OUR FUNDING AND THIS IS AN AREA WHERE MAYBE WE'VE RECEIVED ADDITIONAL DOLLARS AND WE WANT TO TALK ABOUT OUR CARES ACT FUNDING AND THAT IS A ONE TIME FUNDING SOURCE FOR THE SCHOOL DIVISION AND WE'RE GETTING SOME MORE DETAILS ABOUT THAT NOW.
IT'S STILL A WORK IN PROGRESS.
WE HAVE GUIDELINES THAT WE'RE GOING TO HAVE TO GO THROUGH TO OBTAIN AND HAVE THAT MONEY APPROPRIATED.
WE'LL HAVE MORE INFORMATION ABOUT THAT HOPEFULLY IN THE NEXT WEEK OR SO.
SO LET'S GET THE REDUCTIONS THAT SPECIFICALLY ARE FOR THE FY 21 REVISED BUDGET AND FIRST AND FOREMOST, ONE I THINK BLESSING OR EXCITEMENT THAT WE HAVE FROM THIS EXPERIENCE THIS YEAR IS THAT WE DID HAVE SOME HEALTH BENEFIT SAVINGS AND ACTUALLY OUR HEALTH BENEFIT SAVINGS FOR HEALTH AND DENTAL PLANS THEY CAME UNDER OUR PROJECTED AMOUNT SO WE GOT MORE THAN WE EXPECTED.
THIS IS AN OPPORTUNE TIME FOR THAT TO HAPPEN WHEN WE LOOK AT HAVING TO REDUCE OUR FY 21 BUDGET.
ANOTHER SPECIFIC AREA THAT WE HAD TO LOOK AT IS THE RETIREMENT REDUCTION OUR EMPLOYEES ACTUALLY CONTRIBUTE ONE AND A HALF PERCENT OF THEIR SALARY TO THE SUPPLEMENTED RETIREMENT.
WE COULD POTENTIALLY BEING THAT WE'RE NOT GOING TO BE WRITING A CONTRIBUTION TO A
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SUPPLEMENTAL REQUIREMENT.ANOTHER AREA THAT WE HAVE TO LOOK AT REDUCING IS OUR 2% ONE TIME BONUS AND IN OUR CURRENT FY 21 BUDGET, WE HAD A 2% BONUS FOR ALL OF OUR EMPLOYEES WHO ARE NOT ELIGIBLE FOR EITHER A STEP INCREASE OR WHO ARE AT THE TOP OF THE SALARY SCALE.
IT'S GOING TO ALLOW US TO STAY TRUE TO THE CITY MANAGERS RECOMMENDATIONS AND WHAT OTHER SCHOOL -- ASSIST US WITH BALANCING THE BUDGET.
WE'RE REDUCING OUR 29.8 FTE NUMBER TO 13.7 IN THE REVISED BUDGET AND SPECIFICALLY -- THAT ARE PORT R PART OF THESE PROPOSALS THAT WE CONTINUE TO RECRUIT AND RETAIN HIGHLY QUALIFIED STAFF MEMBERS.
EVEN THOUGH WE'RE EXPERIENCING THIS GLOBAL PANDEMIC, WE STILL HAVE HUMAN RESOURCES WITHIN THE SCHOOL DIVISION AND WE HAVE TO MAKE SURE WE HAVE AN EXECUTIVE DIRECTOR.
TO BE PART OF PROFESSIONAL LEARNING ENGAGEMENT OPPORTUNITIES AND BEING THAT WE'RE EXPERIENCING COVID-19 IN THIS GLOBAL PANDEMIC, WE DON'T THINK THAT IT'S IN OUR BEST INTEREST TO SEND OUR STAFF ALL OVER THE COUNTRY AND STAY IN HOTELS ANTICIPATE THINGS OF THAT NATURE SO THAT IS AN AREA W SUGGESTED FOR OUR PRINCIPALS AND DIRECTORS AND CHIEFS TO START WHEN THEY'RE LOOKING AT THEIR NONPERSONNEL REDUCTIONS OF THEIR SPENDING.
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HOWEVER, WE'RE NOT MANDATING THAT.WE ALSO PROVIDED AN ATTACHMENT TO THIS IMPORTANT MEMO.
FOR THE PUBLIC TO VIEW AS WELL TO SEE WHAT THAT DOLLAR AMOUNT IS.
WITH THESE REDUCTIONS THAT I HAVE TALKED THROUGH TODAY, IT ALLOWS US TO REDUCE THE FY 21 BUDGET BY $11.7 MILLION.
A LITTLE OVER $11.7 MILLION AND THIS WILL ALLOW US TO BALANCE THE BUDGET AS OF RIGHT NOW.
KEEP IN MIND THAT THE INFORMATION THAT WE HAVE CURRENTLY, IT COULD CHANGE IN THE NEXT MONTH AND IF THAT OCCURS, THESE REDUCTIONS THAT WE HAVE PUT OUT AS A RECOMMENDATION TO THE BOARD AS WELL AS TO INFORM OUR COMMUNITY THEY MAY BE THIS IN ADDITION TO OTHERS.
WE ARE LOOKING TO RECEIVE $3.6 MILLION.
THESE SPECIFIC DOLLARS ARE GOING TO BE USED FOR ONE TIME, YOU KNOW, CONCERNS, ISSUES, EXPENDITURES THAT RELATE TO COVID-19.
SO WE WANT TO MAKE SURE THAT THE PUBLIC UNDERSTANDS THAT THESE DOLLARS ARE NOT GIVEN TO THE SCHOOL DIVISION TO USE AND PURCHASE ANYTHING.
THERE ARE SPECIFICATIONS AND GUIDELINES THAT WE ARE GOING TO HAVE TO ABIDE BY IN ORDER TO RECEIVE.
WE'LL HAVE SOME MORE INFORMATION FOR THE BOARD IN THE COMING WEEKS.
HOPEFULLY BEFORE JUNE 5TH WE'LL HAVE A FINAL DEVELOPINGS OF OUR BUDGET.
I WANTED TO GIVE SOME EXAMPLES TO HOW THESE REDUCTIONS CAN IMPACT SOME OF OUR STAFF MEMBERS.
FIRST AND FOREMOST, I WANT TO GO BACK TO OUR GOAL IS TO NOT HAVE TO HAVE A
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REDUCTION IN FORCE.RIGHT NOW, WE'RE NOT RECOMMENDING TO HAVE A REDUCTION OR -- 20.5 MILLION JOBS, SIGNIFICANT ACROSS THIS COUNTRY.
AND WE ARE TRYING TO MAKE SURE THAT WE'RE RETAINING OUR STAFF AND THAT THEY'RE STILL RECEIVING INCOME.
WE WANT TO GIVE YOU JUST A SNAPSHOT AND WE CANNOT SHOW YOU EVERY SCENARIO BECAUSE EVERYBODY HAS DIFFERENT CIRCUMSTANCES.
WE WANTED TO IDENTIFY A GROUP THAT'S THE MAJORITY OF OUR EMPLOYEE BASE.
OUR LARGEST POPULATION IS TEACHERS WITH MASTERS DEGREES.
WE WANTED TO GIVE YOU AN IDEA OF WHAT IT WILL LOOK LIKE IN REGARD OHS TO TAKE HOME PAY WITH THE REDUCTIONS THAT WE HAVE RECOMMENDED TO THE BOARD.
WE'RE LOOKING AT $213 YES OVER THE FY 21 SO OVER NEXT YEAR, MEANING DRY ONE THROUGH JUNE 30TH.
THIS PARTICULAR EMPLOYEE BUT TAKE HOME $213 LESS THAN THEY TOOK HOME THIS PAST YEAR WHICH IS FY 20.
>> I SPOKE ABOUT THESE EARLIER AND WE PROVIDED TO THIS MEMO -- YOU KNOW, ALSO SHOWING SOME OF THE OFFICES THAT RELATE TO THESE DEPARTMENTS.
BUT THIS OVERALL IS SHOWING YOU THE ACTUAL DOLLAR AMOUNT OF WHAT 5% NONPERSONALIZE EX-PEN I DID SHIRRS ARE IN PEACH DEPARTMENT.
WE WILL SEE THAT -- ABOUT WHAT EACH OF THE DEPARTMENTS EQUATE TO IN REGARDS TO ITEMS. YOU WILL SEE THAT IN THE COMING WEEK.
WE'RE TRYING TO FINALIZE ALL OF THOSE RIGHT NOW BUT THE DOLLAR AMOUNT IS GOING
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TO REMAIN THE SAME WHICH WE'LL BE ABLE TO SEE SPECIFICALLY WHAT THOSE BUDGET ITEMS ARE.I WANTED TO NEXT TALK ABOUT THE CIP ADJUSTMENTS AND THIS WAS SOMETHING THAT INITIALLY WHEN MANY PEOPLE HEARD ABOUT THE PROJECTS, FUNDING, MOVING FROM FY 21 TO FY 23, MANY WERE VERY NERVOUS ABOUT THAT BECAUSE PEOPLE WERE THINKING OH, NO, OUR -- WE'RE NOT GOING TO BE ABLE TO OPEN THE SCHOOL IN SEPTEMBER, 2024 AS WE EXPECTED OR OH MY GOSH DOES THAT MEAN WE'RE NOT GOING TO BE ABLE TO BUILD ANOTHER STRUCTURE FOR THE HIGH SCHOOL PROJECT.
AND I WANT TO CLEAR THE AIR THAT WITH THE ADJUSTMENT, OUR TEAM HAS PUT TOGETHER A PLAN TO STILL BE ABLE TO DELIVER A BUILDING IN SEPTEMBER OF 2024.
WE'RE WORKING THROUGH THESE FINAL DISTANCES RIGHT NOW WITH THE CITY BUT ONE THING IN PARTICULAR THAT WE'RE ASKING FOR THE CITY IS TO BE ABLE TO APPROPRIATE $30 MILLION IN FY 22 AND THEN THE REMINDER IN FY 23 AS PLANNED BECAUSE YOU DON'T FOR ANY PROJECT HAVE TO PAY FOR ALL OF YOUR COSTS UP FRONT.
SO WE WOULDN'T HAVE TO A HUNDRED PLUS MILLION DOLLARS IN FY 21 BECAUSE WE'RE STILL IN THE PLANNING AND DESIGN PHASE AT THAT POINT.
SO THE CITY MOVING PROJECTION CONSTRUCTION ZONE FROM FY 21 TO FY 23 IS NOT GOING TO CHANGE OUR OPENING DATE AS LONG AS WE CAN RECEIVE THAT $30 MILLION IN FY 22 TO PAY OFF SOME OF THOSE EXPENDITURES COMING FROM THIS CONSTRUCTION AS WELL AS BE ABLE TO GET SOME OF THE WORK STARTED.
THIS IS GOING TO REQUIRE SOME PHASED PROCUREMENT, YOU KNOW, A PROCUREMENT PROCESS AND WE'RE WORKING WITH DAVID BANKS TO MAKE SURE THAT WE'RE LEGALLY DOING THESE THINGS.
AND MAKING SURE THAT WE'RE FOLLOWING ALL THE PROCUREMENT LAWS THAT ARE OUT THERE BUT IT IS GOING TO BE POSSIBLE FOR US TO STILL MAINTAIN THAT 2024 BUILDING DATE WITH THESE REVISIONS THAT WE'RE WORKING THROUGH WITH THE CITY.
AND THEN FINALLY I WANT TO GO THROUGH THE TIMELINE OF WHERE DO WE GO NEXT AND TODAY WE'RE DOING THE PRESENTATION.
BOARD MEMBERS WILL HAVE AN OPPORTUNITY TO SUBMIT QUESTIONS THAT ARE ANSWERED BY THE STAFF AND THEY'RE GOING TO BE POSTED TO THE ACPS WEBSITE.
THERE'S ALSO A DEADLINE TO SUBMIT COMBINED FUNDS WHICH IS MAY 14TH.
MAY 20TH I WILL BE SHARING THE RECOMMENDATIONS REGARDING THE ADD DELETES AND THAT WILL BE MADE PUBLIC AND THEN WE'LL HAVE A WORK SESSION ON THE 22ND AND A SECOND WORK SESSION IF NEEDED ON THE 29TH WITH ADOPTION OF THE FINAL FY 20212 COMBINED FUNDS AND FY 21, 2030 CIP BUDGET ON JUNE 5TH.
THERE'S PAY LOT TO HAPPEN OVER THE NEXT MONTH AND THERE'S MORE INFORMATION I'M SURE WE MAY RECEIVE BETWEEN NOW AND THEN AND WE'LL HAVE A CLEAR PICTURE TOO AROUND WHAT BUSINESSES AND THINGS ARE GOING TO LOOK LIKE AROUND JUNE 5TH I HOPE AS WELL.
SO WITH THAT SAID, I WANTED TO CONCLUDE THE PRESENTATION AND WE'LL BE AVAILABLE TO -- FOR WHATEVER THE BOARD CHAIR WOULD LIKE NEXT.
WE HAVE SOME TIME FOR QUESTIONS TODAY THAT WE COULD START WITH SOME QUESTIONS TODAY EVEN THOUGH WE'RE GOING TO HAVE THE WRITTEN QUESTIONS BUT WE DO HAVE TO KEEP OUR OVERALL TIME IN CONSIDERATION TODAY SO THERE MAY BE REMAINING QUESTIONS BUT WE ALREADY HAVE THAT COVERED BY THE WRITTEN ANSWERS THAT WE'RE GOING TO SUBMIT.
BUT I HAVE DR. RECEIVE WHO HAS A QUESTION -- DR. REEVE WHO HAS A QUESTION.
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>> THANK YOU FOR YOUR PRESENTATION.
I KNOW A LOT OF EFFORT WENT INTO WORKING ON THIS BUDGET WITH THE STAFF AND I KNOW IT'S NOT AN EASY PROCESS AND I REALLY APPRECIATE ALL THE HARD WORK AND THE DIFFICULT CHOICES THAT HAD TO BE MADE.
I JUST HAVE A QUESTION BUT I WANTED TO MAKE A COUPLE OF COMMENTS FIRST.
I APPRECIATE THAT THIS REVISED BUDGET MINIMIZES THE IMPACT ON THE ACADEMIC PROGRAMS FOR STUDENTS.
BUT I AM CONCERNED ABOUT THE IMPACT ON STAFF.
YOU SHOWED THE SLIDE WITH THE EXAMPLE OF THE TEACHER WITH THE MASTERS DEGREE AND AS YOU MENTIONED IT SHOWS A NET LOSS FOR THE TEACHER BECAUSE OF TIN CREASING HEALTHCARE COST AND THAT'S ASSUMING AN INDIVIDUAL WHO DOESN'T HAVE ANY DEPENDENTS.
THAT COST COULD BE EVEN MORE FOR SOME OF OUR EMPLOYEES AND THAT'S A SUPPLEMENTAL RETIREMENT PLAN.
JUST A COUPLE OF COMMENTS I WOULD LIKE TO MAKE ABOUT THAT.
I APPRECIATE ALL THE DOCUMENTS THAT WERE SHARED IN THE MEETING TODAY.
IF YOU LOOK AT THAT LIST OF CONTRIBUTIONS OVER THE YEARS, YOU'LL SEE THAT FOR THE LAST SEVERAL YEARS, EMPLOYEES, LIKE YOU MENTIONED, HAVE BEEN MAKING THE ONE AND A HALF ANNUAL CONTRIBUTION TO THE SUPPLEMENTAL RETIREMENT PLAN WHEREAS IN YEARS PAST, THE EMPLOYER MADE ALL OF THAT CONTRIBUTION SO OVER TIME THAT BURDEN FOR THE SUPPLEMENTAL RETIREMENT COST SHIFTED TO OUR EMPLOYEES AND ALSO APPRECIATED THAT YOU POSTED THE MINUTES FROM THE LAST INDUSTRY ADVISORY BOARD WHICH IS WHO OVERSEES THIS AND ADVISES WHAT THE CONTRIBUTION SHOULD BE.
NEW TEACHERS WILL NOT RECEIVE THE SAME PENSION BENEFITS THAT LONG TERM RE EMPLOYS HAVE.
THEY HAVE TO PAY SO MUCH MORE TO THEIR PENSION PLANS AND IF THERE WAS ANYTHING THAT COULD BE DONE ABOUT THIS SO I WAS PLEASED TO SEE THAT ACPS WAS GOING TO NOD OR SHAKE .
5% OR HOOF A PERCENT CONTRIBUTION, EMPLOYER CONTRIBUTION TO THE SUPPLEMENTAL RETIREMENT PLAN.
SO IT WAS A BIG DISAPPOINTMENT FOR ME TO SEE THAT CONTRIBUTION WAS COMING OUT AND I NOTICED THAT THE CITY IS STILL -- OF A LITTLE OVER HALF A PERCENT.
BUT LIKE YOU SAID, OUR ANNUAL REQUIRED CONTRIBUTION TO MEET ALL FUTURE OBLIGATIONS IS AROUND FOUR AND A HALF MILLION DOLLARS AND AS I UNDERSTAND IT WITH THIS BUDGET WE'RE OLD GOING TO BE CONTRIBUTING 2.7 MILLION AND ALL OF THAT IS GOING TO BE COMING FROM OUR EMPLOYEES AND THIS IS NOT TO MENTION THE LOSSES IN THE STOCK MARKET THAT ARE GOING TO ALSO BE IMPACTING THE MERRIMENTAL RETIREMENT FUND SO BY NOT MAKING THIS EMPLOYER CONTRIBUTION THIS YEAR, IT'S GOING TO BE MARRED TO MAKE THIS UP AND EMPLOYEES ARE LIKELY GOING TO SEE ADDITIONAL RETIREMENT COSTS IN THE FEW AND LESS TAKE HOME PAY AS A RESULT WHICH REALLY IMPACTS STAFF RETENTION WHICH IS ONE OF OUR BUDGET PRIORITIES SO AS I UNDERSTAND FROM YOUR PRESENTATION THIS IS GOING TO GO BACK TO THE INDUSTRY ADVISORY BOARD TO TAKE A LOOK AT BUT I JUST WANTED TO MAKE SURE THAT MY COLLEAGUES AND THE PUBLIC WERE REALLY AWARE OF JUST HOW THIS BURDEN FOR SUPPORTING THE SUPPLEMENTAL RETIREMENT HAS SHIFTED TO EMPLOYEES AND HOW THIS SITUATION COULD BECOME EVEN MORE CHALLENGING IN THE FUTURE.
IN THE 2.0 BUDGET HE PROBITYED HE WROTE IN THERE TO MAINTAIN EQUITY, HE -- I HAVE REDUCED THE AMOUNT -- RECOMMENDED CITY OPERATING TRANSFER TO ACPS BY 7.4 MILLION.
THIS AMOUNT IS EQUIVALENT TO THE COST TO ACPS TO PROVIDE MERIT STEP
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INCREASES.TARGETED MARKET RATE ADJUSTMENTS.
AND A DECREASE IN -- SUPPLEMENTAL RETIREMENT PLAN BUT AS I UNDERSTAND IT, YOU HAVE MADE A DECISION TO KEEP THE MARKET RATE ADJUSTMENTS FOR CERTAIN EMPLOYEE GROUPS THAT WE DID THE COMPENSATION STUDIES O AND I WAS HOPING YOU COULD TALK ABOUT WHY THAT DECISION WAS MADE AND ALSO IF YOU COULD ANSWER IF WE'RE STILL PLANNING TO DO ADDITIONAL COMPENSATION STUDIES IN FY 2021 AND IF YOU KNOW WHICH EMPLOYEE GROUPS YOU'RE PLANNING TO DO THE COMPENSATION STUDIES FOR IN THE COMING YEAR IF YOU'RE STILL DOING THEM?
>> YES, WE PLAN TO CONTINUE TO DO OUR EMPLOYEE COMPENSATION STUDIES AND THAT'S FOR OUR EMPLOYEE GROUPS FALLING WELL BELOW OUR AVERAGE IN THIS PARTICULAR REGION.
AT THE CENTRAL OFFICE LETTER THAT SALARIES WERE WELL BELOW THEIR REGIONAL AVERAGE AND ONE THING THAT WE WERE PROPOSAL IN THE INITIAL BUDGET WAS THAT WE WANTED TO ENSURE THAT WE WERE GETTING THOSE SALARIES TO AT LEAST GET THOSE SALARIES INTO THE AVERAGE RANGE WHICH WE KNEW WE WERE NOT GOING TO BE AI BELIEVE TO DO IN THE FY 21 BUDGET BUT WE CAN START WORKING TOWARDS THAT.
BECAUSE THEY'RE ALREADY AT A DISADVANTAGE -- >> OKAY.
NEXT IS A QUESTION FROM MEGAN ALLEDERTON.
MY QUESTION IS MORE OF A POINT OF CLARIFICATION JUST SO I'M UNDERSTANDING CORRECTLY.
SO ON SLIDE NUMBER NINE, WE GAVE A SNAPSHOT OF POSSIBLE TAKE HOME SALARY IMPACTS.
AND THAT REDUCTION IS PRIMARILY DUE TO THE LACK OF STAFF AND TIN CREASED COST IN HEALTHCARE.
SO BUT EARLIER IN THE PRESENTATION, THERE WASN'T DISCUSSION -- THERE WAS DISCUSSION ABOUT INCREASED CONTRIBUTION TO RETIREMENT.
IS IT THAT WE'RE NOT EXPECTING THAT TO OCCUR THIS COMING FISCAL YEAR BUT IN FOLLOWING YEARS?
SO THIS GOES BACK TO OUR SUPPLEMENTAL RETIREMENT COMMITTEE.
WHAT WILL BE OUR STRATEGY TO NOW FILL THAT GAP.
SO THAT IS A DISCUSSION THAT'S GOING TO HAPPEN.
>> WHERE THEY'RE HAVING TO MAKE DECISIONS LIKE THIS.
-- PROVIDE A STEP INTERNSHIP CREASE OR ADDITIONAL DOLLARS BUT WE'RE NOT RECOMMENDING
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TO DO A REDUCTION IN FORCE AND I THINK WHAT WE'RE TALKING ABOUT TRYING TO HAVE -- WE ARE PROPOSING SOMETHING THAT IS PREVENTING PEOPLE FROM HAVING TO LOSE THEIR JOBS AND THAT'S AT THIS TIME.SO I DON'T WANT TO GO ON RECORD AND SAY WE'RE NEVER GOING TO HAVE A RECORD IN FORCE BECAUSE REALISTICALLY, IF THIS MARKET CONTINUES, IF THIS
ECONOMY CONTINUES -- THAT WE MAY HAVE -- >> OKAY.
YOU'RE HAVING TROUBLE WITH YOUR VIDEO.
I HAVE TIME FOR ONE MORE QUESTION.
I JUST WANTED TO -- I WANTED TO ASK FOR CLARIFICATION FOR SOME DR. REEVE SAID.
DID YOU SAY THAT THE CITY IS GOING TO CONTINUE TO -- I JUST WANT -- >> WHEN I WAS LOOKING TO SEE IF THE CITY ALSO PUT A SUPPLEMENTAL RETIREMENT BECAUSE THEIR EMPLOYEES ALSO -- THEY DO HAVE A SUPPLEMENTAL RETIREMENT AND IT LOOKS LIKE THE TOTAL CONTRIBUTION IS BETWEEN 7 AND 8%.
>> WE JUST HAVE TO KEEP IN IF -- IT'S NOT -- WHAT THE RATE OF OUR CONTRIBUTION IS.
THEIR ACTUARY -- THEY HAVE AND WE HAVE KIND OF OUR REASONS WHY OUR ACTUARY IS TELLING US WHAT WE NEED TO DO.
DON'T WANT US TO COMPARE THE TWO -- WE DON'T WANT TO COMPARE THE TWO.
I THINK THAT'S -- WE'RE APPROACHING THE 1:00 O'CLOCK TIME AND WE NEED TO GO INTO OUR CLOSED SESSION.
SO I THINK THAT AS EVERYBODY KNOWS, PLEASE SUBMIT YOUR QUESTIONS.
AND WE'LL GET THOSE ANSWERS IN WRITING.
AND THEY'LL ALL BE POSTED AND SO NOW WE'RE GOING TO CONCLUDE THE WORK SESSION AND GO BACK TO OUR MEETING
* This transcript was compiled from uncorrected Closed Captioning.