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What is the impact to residents if the position is not filled? There is not a <br />direct impact to the residents as we are a behind the scenes department, <br />but as listed above any findings in the audit report can hurt our bond <br />rating which any decrease in rating increases the interest rate which <br />depending on the type of debt can be paid by the resident via their <br />property tax. <br />• What is the impact if the position is not filled? Things could fall through <br />the cracks, see response immediately above, and every employee is <br />directly impacted as they receive a payroll check <br />• Can the service provided be reduced or eliminated? No. People want a <br />paycheck, and there are state and federal mandated reporting <br />requirements. Also, we have a new reporting requirement in 2009 — <br />OPEC liability that will need to be calculated. Without staffing an <br />actuary will need to be hired at a significant cost to the City, and this is a <br />recurring cost. <br />• What is the budgetary impact if the position is not filled (e.g., additional <br />overtime costs, additional compensatory time off costs) Not necessarily an <br />additional cost, but there would be a reduction in the service that is <br />currently coming fi°oin the finance department. There would be a <br />forfeiture of one activity for another. This would mean that something <br />might not get done or not done in a qualitative manner. <br />Total cost of the position, e.g., salary, taxes, benefits <br />In 2008, this position was budgeted at $64,000 (family ins) with approximately <br />$3, 000 coming from enterprise funds. The salary savings realized by hiring a <br />new employee would result in a total cost of approximately $60, 000. <br />