HomeMy WebLinkAbout08.e EDB Board of Supervisors Compensation Adjustment EXECUTIVE SUMMARY
AGENDA ITEM:
Proposed Board of Supervisors Compensation Adjustment
Date: October 28, 2024
BACKGROUND:
CCUA's Enabling Legislation Section 5(7) states:
"Each supervisor shall be entitled to receive for his services an amount not to exceed$200 per meeting
of the board, not to exceed $4,800 per year. These amounts shall be adjusted every 5 years to reflect
increases in the Consumer Price Index. In addition, each supervisor shall receive travel and per diem
expenses as set forth in s. 112.061,Florida Statutes."
The increase to the Board of Supervisor compensation was not included as part of the fiscal year 2024-
2025 Operating Budget when approved.
BUDGET:
The annual cost of this increase is $60,242.59. Staff budgeted $52,194.24 for Board of Supervisors
compensation in this years operating budget. The increase of $8,048.35 will be transferred from
contingency.
RECOMMENDATION:
Staff respectfully recommends the Board of Supervisors' approval of the proposed Board of Supervisors
compensation adjustment.
ATTACHMENTS:
Calculation of Board of Supervisors compensation adjustment
//KO (Author)
//KO (Review)
//AA//JDJ(Final)
Clay County Utility Authority
Board of Supervisor Compensation
Current/meeting $ 310.68
Mar-20 1.5%
Mar-21 2.6%
Mar-22 5.32% *
Mar-23 2.5% **
Mar-24 3.5%
15.4%
Proposed/meeting $ 358.59
Annual $60,242.59
Current $52,194.24
Increase $ 8,048.35
Notes:
*Reduced from 8.5%to match COL adjustment approved for staff
**Reduced from 5.0%to match COL adjustment approved for staff
Information from: https://www.bls.gov/bls/news-release/cpi.htm