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<br />Preview <br /> <br />Page 1 of 1 <br /> <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />The Honorable Mayor and City Commission <br /> <br />FROM: <br /> <br />Alan 1. Cohen, City Manager <br /> <br />DATE: <br /> <br />3/15/2012 <br /> <br />RE: <br /> <br />FY 2011/2012 Proposed Budget Amendment-General Fund <br /> <br />+- <br /> <br />RECOMMENDATION: <br /> <br />Staff is recommending City Commission approve the attached resolution for the General <br />Fund FY 201112012 budget amendment to fund a cost of living increase, to set aside <br />funds for the anticipated increase in the PBA step program, to fund the Sister City <br />program and to ensure budgetary compliance. <br /> <br />REASONS: <br /> <br />As with all cities across the United States, Sunny Isles Beach was impacted by the <br />economic downturn. As a result, the City tightened its belt and reduced costs wherever <br />possible. One consequence of this is that city employees have not received a COLA <br />increase for several years. <br /> <br />The national economy is slowly recovering and our City is on the forefront of new <br />development activity. This has improved our budget situation and puts us in a position to <br />grant a 3% COLA increase to our employees. <br /> <br />ATTACHMENTS: <br /> <br />. <br /> <br />Resolution <br /> <br />. <br /> <br />Budget Amendment-General Fund <br /> <br />Agenda Item ~k <br />) <br />Date ~-\ '5- ,~ <br /> <br />http://sibagenda.sibfl.net/ agenda/Preview .aspx?I temID=73 5 &MeetingL <br />