minfin 12-05-22 - Laserfiche WebLink

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Councilmember Bullock asked for an employee survey to understand the importance to employees of a competitive salary verses benefits. Director Dillinger explained that this varies depending on the age of employees. She explained that by offering a HDHP, this allows, younger, healthier employees to take home a higher paycheck in exchange for less comprehensive healthcare. The committee and the administration discussed the planned 2023 salary study of non-union positions and what they will entail. Director Dillinger expressed confidence that this will result in important changes to positions that may be underpaid. President Litten and Director Dillinger agreed to strike the outdated Legislative Liaison position in a substitute version of the salary ordinance. In response to questions, Director Dillinger explained the restructuring of wellness incentives and health care options and how this has impacted the budget. She explained some unknowns such as high claimants. In response to questions, Director Dillinger explained that the city will begin to build a restricted budget reserve fund to cover unpredictable healthcare claims and expenses in the future. The fund can be built with reserves from "good years." Director Rancatore helped the committee understand the workers' compensation fund. Finance Department Director Rancatore began his presentation by introducing the administrative staff of the department and segued into a brief overview of the department's organizational chart. Director Rancatore shared the accomplishments of the finance department in 2022. These included the Government Finance Officers Association award and the Budget Presentation award. Director Rancatore explained the Finance Department's goals for 2023. He mentioned an increase in credit card transaction costs as more residents are paying their tax and water bills using credit cards. Finance and IT are currently analyzing strategies to negotiate lower fees with credit card companies. Assistant Director Eddy shared the finance department's mission statement and highlighted the excellent customer service it has had over the phone, through email, and at the front counter. The Finance Department has been able to educate taxpayers on state and federal laws. Assistant Director Eddy shared that the Finance Department is attempting to change the landscape of income tax. Due to the pandemic, the state of Ohio is waiting for a final decision from the Supreme Court about 2020 refunds. The 2021 refunds have already been available, and the finance department is working to refund the correct amount. She spoke about how work from home and hybrid positions have changed taxes based on the city the employee physically worked 4