Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council unanimously broadens fund 890 to cover quarterly cash‑outs and performance incentives
Summary
Council amended and approved an ordinance to rename and broaden fund 890 (employee termination benefits) so quarterly voluntary cash‑outs and performance incentives can be paid from that fund; both the amendment and final ordinance passed on unanimous roll calls.
Trenton — On Nov. 20 the Trenton City Council voted unanimously to amend and adopt an ordinance revising Chapter 222 to expand the uses of fund 890, the employee termination benefits fund.
City attorney Nick read the ordinance by title and explained that the amendment broadens the fund’s allowable uses beyond retirement cash‑outs to include quarterly voluntary cash‑outs and performance incentive payouts. Council discussed an amended exhibit submitted by staff and moved first to amend the ordinance and then to approve the ordinance as amended. Both the amendment and the final ordinance were approved by roll call; each recorded unanimous 'yay' votes from the present councilmembers.
The change is intended to separate certain employee payout obligations from operating departmental budgets by centralizing them in a dedicated fund. Councilmembers said the revision will help smooth budgetary impacts from incentive payments and periodic cash‑outs. The ordinance was approved during the unfinished business portion of the Nov. 20 agenda.
Next procedural step: the ordinance was adopted by vote at the meeting; any implementing adjustments to department budgets or payouts will be reflected in forthcoming finance reports and the city’s online budget materials.
