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HomeMy WebLinkAboutD-2433-18 Appropriates Funds to the 2018 Human Resources Department Budget to Reimburse for Over-Collection of Employment TaxesSPONSORS: Councilors Rider, Worrell, Campbell Carter, Finkam, Green and Kimball ORDINANCE NO. D-2433-18 AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL INDIANA, AUTHORIZING AND APPROVING AN ADDITIONAL APPROPRIATION OF FUNDS FROM THE OPERATING BALANCE OF THE GENERAL FUND TO THE 2018 HUMAN RESOURCES DEPARTMENT BUDGET Synopsis: This ordinance appropriates funds to the 2018 Human Resources Department budget to enable the City to reimburse City employees for the City's over -collection of employment taxes. WHEREAS, From the years 2013 to 2016, City employees paid a higher amount in taxes than necessary due to an inadvertent error in the wage treatment of the City's contribution to employee Health Savings Accounts; WHEREAS, rather than requiring City employees to file individual amended tax returns, the City has elected to make a one-time payment to eligible employees to reimburse the full amount of over -collected taxes; WHEREAS, the total reimbursement payment to City employees and the City incurred costs related to the one-time payment for the over -collected taxes is Three Hundred Ninety Five Thousand Dollars ($395,000.00); WHEREAS, the operating balance of the General Fund (#101) currently has excess funds in the amount of Three Hundred Ninety Five Thousand Dollars ($395,000.00); NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of Carmel, Indiana, that the following additional sum of money is hereby appropriated out of the General Fund Operating Balance and for the purposes specified, subject to applicable laws, as follows: $395,000.00 GENERAL FUND OPERATING (Fund #101) Balances To Human Resources (1201): Line item 4110000 — FT Regular $369,868.55 Human Resources (1201): Line item 4121000 — City's Share of FICA $16,904.99 Human Resources (1201): Line item 4124000 — City's Share of Medicare $5,226.46 Human Resources (1201): Line item 4341903 — Software Support Fees $3,000.00 This Ordinance shall be in full force and effect from and after the date of its passage, execution by the Mayor. Ordinance D-2433-18 Page One of Two This Ordinance was prepared by Jon A. Oberlander, Senior Assistant City Attorney, on 8/8/18 at 12:57 p.m. No subsequent revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. S:\ORDINANCES\2018\D-2433-18 Additional Appropriation HR Tax Reimbursement Ordinance Final.doc SPONSORS: Councilors Rider, Worrell, Campbell Carter, Finkam, Green and Kimball PASSED by Pe Common Council of the City of Carmel, Indiana, this 90 day of ����ir 2018, by a vote of 10 ayes and 0 nays. CO N COUNCIL Kevin D. Rider, President Jeff o Vice -President Laura D. Campbell FOR THE CITY OF CARMEL Su F' am Alef pfr5p//q-�- Andiony Green H. Bruce Kimball onald Carter A ES hristine S. Pauley, Clerk-Treas r Pr ented b me to the Mayor of the Cityo Carmel, Indiana this 61v day of 2018, at 17 10 .M. C 'stine S. Pauley, Clerk -Treasurer Approved by me, Mayor of the City of Carmel, Indiana, this � 'day of .4 uGoj+ 2018, at &O i ,.M. J es Brainard, Mayor Ordinance D-2433-18 Page Two of Two Pages This Ordinance was prepared by Jon A. Oberlander, Senior Assistant City Attorney, on 8/8/18 at 12:57 p.m. No subsequent revision to this Ordinance has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. S:\ORDINANCES\2018\D-2433-18 Additional Appropriation HR Tax Reimbursement Ordinance Final.doc