Legislation Details

File #: FT-3-27    Version: 1 Name:
Type: Budget Revision Request Status: Agenda Ready
File created: 10/21/2026 In control: Finance Committee
On agenda: 10/21/2026 Final action:
Title: Fund Transfer for Cost-of-Living Increases This budget revision reflects the transfers subsequent to the finalization of the newly ratified union contracts as follows: 1. It transfers $201,600 of Pay-Go from the General Sidewalks CIP project, $95,400 of Pay-Go from the City Dock Resilience and Revitalization CIP project, $84,000 Pay-Go from the Farragut Road Sidewalk - Schley Road to Cedar Park Road CIP project, and $378,000 of Pay-Go from the General Sidewalks - Brick CIP project to the Salaries and Benefits accounts of the departments within the General Fund, Fleet Operations, and Enterprise Funds. 2. It transfers $10,900 from the Department of Public Works - Sewer Union Contingency account to their Salaries and Benefits account. 3. It transfers $10,200 from the Department of Public Works - Stormwater Union Contingency account to their Salaries and Benefits account. This will allow funding to cover a cost-of-living increase.
Attachments: 1. FT-3-27, 2. FT-3-27 Signatures

Title

Fund Transfer for Cost-of-Living Increases

This budget revision reflects the transfers subsequent to the finalization of the newly ratified union contracts as follows:

1. It transfers $201,600 of Pay-Go from the General Sidewalks CIP project, $95,400 of Pay-Go from the City Dock Resilience and Revitalization CIP project, $84,000 Pay-Go from the Farragut Road Sidewalk - Schley Road to Cedar Park Road CIP project, and $378,000 of Pay-Go from the General Sidewalks - Brick CIP project to the Salaries and Benefits accounts of the departments within the General Fund, Fleet Operations, and Enterprise Funds.

2. It transfers $10,900 from the Department of Public Works - Sewer Union Contingency account to their Salaries and Benefits account.

3. It transfers $10,200 from the Department of Public Works - Stormwater Union Contingency account to their Salaries and Benefits account.

This will allow funding to cover a cost-of-living increase.