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Homewood staff proposes tiered year‑end bonuses from projected surplus; cap discussed
Summary
City staff presented a resolution to authorize tiered year‑end bonuses contingent on closing fiscal year 24‑25 with a general fund surplus (staff estimated a $2,780,000 surplus). The resolution in the transcript caps payouts at $365,000; one staff member said they increased that cap to $420,000. No recorded vote appears in the provided transcript.
City staff brought a resolution to the Homewood City Council at the Nov. 24 pre‑council meeting recommending the payment of tiered year‑end bonuses to employees if the city closes fiscal year 24‑25 with a general fund surplus.
Staff said the city expects a surplus of $2,780,000 and that the resolution sets a maximum aggregate payout not to exceed $365,000 as…
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