08-15-12 Personnel & Finance - Laserfiche WebLink

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POLICE PENSION FUND (FUND#702) $5,758,589 Revenue $5,685,439 Expenditures Director of Fiscal Management for the SB Police Department Donald Pinckert made the presentation and provided a multi-page handout entitled "South Bend Police 2006 Pension Budget" (copy attached). He noted that he is also the Pension Secretary. He noted that the draft budget calculated a 2 % increase on the base and if necessary it will be changed. The fund currently reflects an increase of$189,473 or 3.4%. Funding for the retired officers will increase by $80,000; and funding for widows will decrease by $62,000; noting that four(4) widows have passed away this year so far. Mr. Pinckert noted that there will be an increase in DROP of $191,500 in 2007 and that twenty-one (21) officers are in DROP in 2007 for a total of$306,400. Police Officers may still join the DROP program,and the City is reimbursed 50%of that amount from the state. All new police officers hired are part of the 1977 pension fund. If all of the eligible police officers retire in 2006 the financial impact will be$ 1.5 million. Council Member Kelly then asked Mr. Pinckert to review the proposed 2006 Police budget. POLICE DEPARTMENT(GENERAL FUND# 101-0801) 2006 Projected Expenditures $26,349,325 Percentage Increase 7.7 % Mr. Pinchert stated that he did not have a detailed handout like he usually has for the budget in light of the ongoing police negotiations, and that the proposed budget is tentative as a result. He stated that all civilian and sworn members were based on a 2%. There are no personnel changes proposed. $1.3 million of the $2.2 million proposed increase is a transfer to the pension fund. Without the pension transfer the increase is $553,000, with salary increase being $301,000 and overtime being increased by$49,000. Mr. Pinckert stated that $16,210 additional will be budget in the overtime account to cover the cost of the proposed 7th Notre Dame home football game next year for traffic control. Mr. Pinckert then highlight the items listed under the "Reimbursable Recall/OT" in the line-item budget, which reflects approximately$400,000 of overtime being reimbursable. In response to a question from Council President Pfeifer, Mr. Pinckert noted that money spent for officers to appear in court appears to have leveled off $116,000 is proposed to be budgeted in 2006, and in previous years that amount was higher. Police Chief Thomas Fautz stated that he has worked with County Prosecutor Michael Dvorak and that they will have an office in the Police Headquarters to help cut down the cost to the city. Council Member Kelly inquired whether there have been any discussions with the University of Notre Dame in light of the cost of over$16,000 per game August 15,2005 Personnel and Finance Committee Meeing Minutes -page 2-