02.16.22 Budget Workshop - Laserfiche WebLink

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City Council Meeting Minutes February 16, 2022 Nutrition Specialist. Other positions have been difficult to fill including Accountants, Grant positions, Planners, Inspectors, Commercial Driver Licenses (CDL) (city has started an in house CDL training program), Summer recreation program positions, Technology, and Technical craft — mechanics, equipment operators, instrumentation, etc. Staff Recommendation: • Develop a clear compensation policy • Demonstrate that we value employees as our most valuable asset. • Update compensation plan: • Review peer comparators • Update job descriptions • Market study • Consider the long-term impact of compensation policy to organizational culture. In today's market, total compensation must articulate more than direct wages. FY23 Budget Considerations for all funds include: • Zero -based budgeting • Factor in necessary CPI (consumer price index) depending on industry • Revenue forecasting, based on historical trends • Enhancement of City's grant program to maximize alternative funding opportunities • Staffing • Competitive market — recruitment and retention incentives? • Support market rate compensations study • Increase personnel to adequately support core services • Evaluation of health insurance • Review current financial policy and update where needed with FY23 budget • Maintain Cost Allocation Plan transfers • Incorporate priorities from Council visioning sessions Ms. Miranda reviewed the FY 2021 Year End Summary including for the General Fund. The General Fund Summary, includes the following: *Revenues exceeded revised budget by $9.9M • Property tax exceeded budget by $1.1M (4.2%) • Sales tax exceeded budget by $8.8M (26.6%) • Permit revenue exceeded budget by $1.7M (45.9%) • Increases offset reduction in fines, interest and charges for services City of San Marcos Page 6