HomeMy Public PortalAbout2020-01-14 TM Comp Transfer TOWN OF
1630
WATERTOWN
• Office of the Town Manager
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Administration Building
�sf
149 Main Street
— � Watertown,MA 02472
Phone: 617-972-6465
www.watertowii-i-iia.gov
Michael J. Driscoll towumgr@watertown-ma.gov
Town Manager
To: Honorable Town Council From: Michael J. Driscoll, Town Manager
Date: January 8,.2020
RE: Agenda Item - Transfer of Funds Request
As you are aware, the Honorable Town Council adopted the attached Ordinance 2019-100 amending
the Fiscal Year 2019 compensation of the Town Manager at the December 10, 2019 Town Council
Meeting.
The amended compensation needs to be adjusted in the Fiscal Year 2020 Budget. Therefore, I
respectfully request the attached transfer be placed on the January 14, 2020 Town Council Agenda
for your consideration
cc: Thomas J. Tracy, Town Auditor/Assistant Town Manager for Finance
Transfer Amount$19,000
From: FY 2020 Town Council Reserve $ 19,000
0111152-570780
To: FY 2020 Town Manager Full Time Salaries $ 9,500
0112351-510111
Town Manager Prior Year Full Time Salaries $ 9,500
0112351-511111
hereby certify to the availability, authority of funding source, mathematical
accuracy and appropriate fiscal year.
Date r' Town Audito
i
Watertown Town Council
Administration Building
149 Main Street
Watertown,MA 02472
ELECTED OFFICIALS: Phone: 617-972-6470
Mark S.Sideris, ORDINANCE#100 2019—O- 100
Council President
Vincent J.Piccirilli,Jr., AN ORDINANCE AMENDING THE TOWN MANAGER'S COMPENSATION
Vice President&
District C Councilor
WHEREAS: The Town Charter of the City known as the Town of Watertown,
Caroline Bays Section 3-3 provides that the Town Manager shall receive such compensation as may
Councilor At Large from time to time be established for said office by ordinance; and,
Anthony J.Donato,
Councilor At Large WHEREAS: The Division of Local Services performed a Full Financial
Susan G.Falkoff Management Review and indicated the Town manages its budget well and has tight
Councilor At Large financial controls in place; and
Anthony Palomba, WHEREAS: Standard and Poor's Rating Services upgraded the Town's Bond
Councilor At Large
Rating to AAA, their highest rating in November, 2013, and cited strong
Angeline B.Kounclis, management conditions and plans to address its unfunded pension and other
District A Councilor postemployment benefits (OPEB) liabilities as two of the factors in the bond upgrade
Lisa J.Feltner, and the Town has maintained the AAA Bond Rating; and
District B Councilor
Kenneth M.woodland, WHEREAS: The Town has reached an agreement to continue the Town's group
District D Councilor health coverage under the Group Insurance Commission through June 30, 2021,
which allows the Town to continue providing quality group health insurance to its
employees and retirees; and
WHEREAS: The Town Manager proposed a long-range financial plan for
addressing unfunded Other Post-Employment Benefits (OPEB) Liability and for
financing the Three Elementary Schools Building project within the confines of
Proposition 2 1/2 ; and the proposed plan was formalized in the Town Council's
Fiscal Year 2019 Budget Policy Guideline ILA; and
WHEREAS: The Town is on the verge of having a fully funded Retirement System
on July 1,2020; and
WHEREAS: The Town Manager proposed a long range financial plan for
addressing the unfunded Other Post-Employment Benefits (OPEB) Liability and for
financing the Three Elementary Schools Building Project within the confines of
Proposition 2 % ; and the proposed plan was formalized in Town Council's Fiscal
Year 2019 Budget Policy Guideline H.A.; and
Whereas: A Performance Evaluation of the Town Manager for Fiscal Year 2019
was conducted; and an internal review was undertaken of salaries of other Town
employees received during Fiscal Year 2019; and an external review of other Town
Manager's compensation was reviewed; and
WHEREAS: The current salary of the Town Manager established effective July 1,
2017 is$195,500;
NOW THEREFORE BE IT ORDAINED: by the Town Council of the City
known as the Town of Watertown that Chapter XIV of the Watertown Ordinances is
hereby amended as follows:
By deleting Section 1: Compensation and inserting in its place the following:
Section 1: Compensation
(a) Effective July 1, 2018 (Fiscal Year 2019) the Town Manager's compensation
shall be set at$205,000,which includes a$2,500 equity adjustment.
/4Cuncil Member
I hereby certify that at a regular meeting of the Town Council for which a quorum was
present,the above Ordinance was adopted by a roll call vote of 9 for,Qagainst, and
Q present on December 10,2019.
Marilyn .Pronovo , Council Clerk Mark S. Sideris, Council President
101P