Adoption of a Resolution Approving an Updated Executive Compensation Plan. Item Number: C 2 City of Culver City California Agenda Item Report Meeting Date: 08/26/2013 CITY COUNCIL AGENDA ITEM: Adoption of a Resolution Approving an Updated Executive Compensation Plan. Contact Person/Dept.: Serena Wright Fiscal Impact: Yes X No Public Hearing: Commission Action Required: Yes No X Dates: Public Notification: (E Mail) Agenda and Meetings City Council (08/20/13) Department Approval: Serena Wright (08/14/13) Chief Financial Officer Approval: Jeff Muir (by M. Noller) (08/20/13) City Attorney Approval: Carol Schwab (by H. Baker) (08/19/13) City Manager Approval: John M. Nachbar (08/20/13) Phone Number: 310 253 5640 General Fund: Yes X No Attachments: X Action Item: RECOMMENDATION: Staff recommends that the City Council adopt a Resolution approving an updated Executive Compensation Plan. BACKGROUND: In June 2011 the City Council approved carving out Executive Management (EM) level classifications from the Culver City Management Group (CCMG) and placing those classifications in a non represented capacity. The City Council subsequently adopted an Executive Compensation Plan which outlines the terms and conditions of employment for EM. DISCUSSION: The City Council recently adopted Memoranda of Understanding (MOU) with the Culver City Employees Association (CCEA) and the Culver City Management Group (CCMG). Staff is recommending that the City Council consider providing EM with the same benefits granted to CCMG by adopting a resolution approving an updated Executive Compensation Plan. In summary those benefits include: 2% lump sum bonus Increase annual administrative leave by 6 hours Increase deferred compensation contribution by $17.75 per pay period Increase cafeteria allowance up to $49 per month based on family status City of Culver City California Agenda Item Report FISCAL ANALYSIS: The estimated one time cost for the 2% bonus is $39 650 City wide and $36 280 of that is for ...
Click here for full text