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HomeMy WebLinkAbout2004-04-20; City Council; Resolution 2004-1311 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 2004-131 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA SETTING THE PERCENTAGES FOR THE MANAGEMENT COMPENSATION AND BENEFITS PLAN FOR FISCAL YEAR 2004-05 WHEREAS, the City Council has authorized the City Manager to administer a Performance Management and Compensation Plan for employees in management classifications; and WHEREAS, the City Manager has authorized a change to the Plan so that, effective fiscal year 2004/2005, management goals will be written at two levels (Threshold and Target) instead of three levels (Threshold, Target and Optimum); and WHEREAS, incentive awards will be earned based on achievement of goals at one of these two levels; and WHEREAS, the City Council must determine annually the amount to be budgeted for management incentive pay. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Carlsbad as follows: 1. That the above recitations are true and correct 2. That the incentive payout percentages for goal achievement at Threshold and Target are hereby established at zero percent (0%) and five percent (5%) of base pay respectively for fiscal year 2004/2005. Ill Ill Ill Ill 6 I 2 3 4 5 6 7 8 9 IO 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Page 2 City Council Resolution No. 2004-131 PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council held on the 20th day of April ,2004 by the following vote, to wit: AYES: Council Plembers Lewis, Finnil NOES: None ABSENT: None ATTEST: n ORRAINE M. WOOD, City Clerk B""' (SEAL) 7