Discussion and possible action to approve the following line item transfer for the Honorable Martin Cuellar, Sheriff:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-2060-5306
Unemployment Tax
$566
$27,007
$26,441
To:
001-2060-5012
Retirement Buy Back
$566
$5,900
$6,466
Issue: Mr. Gerardo Juarez retired and is eligible for Sick leave sell back in accordance with Article XII (Benefits); Section C of the Collective Bargaining Agreement (CBA).
Solution: Transfer savings from Unemployment tax account currently at 62% of expenditures year to date.
Result: Cover eligible expense under the CBA for retiree.
Fiscal Impact
Budget Account Number:
001-2060-5306
Funding Source:
Unemployment Tax
Balance:
27,007
Financial Impact:
Transfer savings from Unemployment Tax account - 001-2060-5306
$566.00