Title
Consider a memorandum/resolution confirming the City Auditor's annual evaluation and pay increase.
Body
DATE: January 30, 2024
TO: Kent Cagle, City Manager
FROM: Eva Bark, Executive Director of Human Resources
SUBJECT: Annual Evaluation and Pay Increase of City Auditor
BACKGROUND AND FINDINGS:
Matthew Grady was hired for this position on January 17, 2017. Per City Charter Section 40, the City Council may appoint a city auditor to carry out the internal audit functions as the City Council shall assign to him and the city auditor shall be a Certified Public Accountant. On January 23, 2024, the Mayor and City Council conducted the City Auditor's annual performance evaluation.
After the evaluation, the City Council reached a majority consensus to approve and to increase Mr. Grady's base salary to $108,000.17 effective January 17, 2024. A six percent (6%) Cost of Living Adjustment (COLA) approved in the FY2024 budget for all classified City employees, and a 2% merit base increase of $2,000, will bring the total annual base salary to $108.000.17. All other items in the City Auditor's contract remain the same.
THE ALTERNATIVES CONSIDERED:
Which alternative is recommended? Why?
CONFORMITY TO CITY POLICY:
Texas Government Code sec. 40 provides that the governing body may appoint a city auditor. The city auditor shall carry out the internal audit functions, shall perform such other duties as the city council shall assign to him and shall be a Certified Public Accountant.
FINANCIAL IMPACT:
What is the amount of the expenditure in the current fiscal year? For future years?
The City Auditor's current annual salary is $100,000.16. A six percent (6%) COLA increase will bring the total annual salary to $106,000.17 and an additional two percent (2%) merit base increase of $2,000 will bring the total annual salary to $108,000.17. The additional annual cost of salary and benefits associated with the six percent (6%) COLA and two percent (2%) merit ba...
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