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Minute for the Finance Committee meeting on September 15, 2005.
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Finance & Administration Committee Minutes
Thursday, September 15, 2005
4:00 p.m. - City Council Conference Room - Huntington Building
Members Present: Alec Farmer, Jim Hargis, John Street and Harold Perrin. Ann Williams arrived late. Other present were: City Clerk Donna Jackson, staff and media. Darrel Dover and Mayor Formon were not in attendance.
MINUTES
Councilman Perrin moved, seconded by Councilman Street for the approval of the minutes for August 18, 2005, as provided. All voted aye. Copies were provided to all those in attendance.
ORDINANCES AND RESOLUTIONS
PENDING: Ordinance changing non-uniform employees pension multiplier to 1.75%: Ms. Suzanne Hackney explained the employee committee had questioned the pension multiplier of the City’s non-uniform employees. The pension multiplier for non-uniform employees is lower than other pensioned departments in the city and the employee committee would like to increase the multiplier from 1.5% to 1.75%. Questions were raised about the amount of money that would cost the city and whether this should be figured into the budget process. Mr. Larry Flowers said the increase would be approximately $125,000, which would possibly be offset by increased interest earnings into the plan. Councilman Perrin moved, seconded by Councilman Hargis to table the ordinance to further discuss cost with Mayor Formon and Mr. Flowers. All voted aye. Ms. Hackney also asked the committee to consider the pension multiplier of the Fire Department and Police Department with that of the City.
PENDING: Resolution increasing employee vacation from 3 to 4 weeks after 15 years of service: Ms. Hackney explained the employee committee is also questioning the employee vacation rate for employees who have been with the City 15 years and more. Ms. Hackney compared the current vacation policy for the City of Jonesboro with various other businesses in Jonesboro. City of ...
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