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File #: 21-1315    Version: 1 Name:
Type: Other Business Status: Agenda Ready
File created: 11/15/2021 In control: City Council
On agenda: 11/23/2021 Final action:
Title: Presentation, discussion and action on the 4th Quarter Financial Report and to authorize the City Manager or his designee to allocate $24,946,829 to the Budget Stabilization Fund of which $7 million will be established in the FY 2022 Budget for the following two items: 1. The use of $3,500,000 for a one-time lump sum payment for full-time and part-time employees 2. The use of $3,500,000 to be allocated to streets, infrastructure, and facility repairs as a result of recent and future storm impacts. The City Manager, or designee, will be authorized to effectuate any budget transfers and execute any contracts and/or related documents necessary to ensure that the funds are properly expended for such purpose.
Attachments: 1. OMB RESO, 2. ITEM 25

CITY OF EL PASO, TEXAS

LEGISTAR AGENDA ITEM SUMMARY FORM

 

 

DISTRICT, DEPARTMENT, CONTACT INFORMATIOn:

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Details

All Districts

City Manager's Office, K. Nicole Cote (915) 212-1092

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AGENDA LANGUAGE:

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Title

Presentation, discussion and action on the 4th Quarter Financial Report and to authorize the City Manager or his designee to allocate $24,946,829 to the Budget Stabilization Fund of which $7 million will be established in the FY 2022 Budget for the following two items:

 

1. The use of $3,500,000 for a one-time lump sum payment for full-time and part-time employees

 

2. The use of $3,500,000 to be allocated to streets, infrastructure, and facility repairs as a result of recent and future storm impacts.

 

The City Manager, or designee, will be authorized to effectuate any budget transfers and execute any contracts and/or related documents necessary to ensure that the funds are properly expended for such purpose.

End