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AGENDA ITEM <br />Prepared By: RJO Reviewed By: RJO Approved By: DJR <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />1. Purpose. The purpose of this action item is to approve the City’s 2019 Pay Equity Report <br /> <br />2. Background. The City currently has four investment brokers that it uses to invest funds not <br />immediately required for operating expenditures. The Finance Director is responsible for <br />maintaining the investment portfolio. In order to ensure that that the City has ready access to its <br />available funds, the Accountant is given authority to make investment decisions in situations <br />where the Finance Director is unavailable. UBS requires the adoption of a resolution to add an <br />authorized signer to the account. Every three years the City is required to submit a Pay <br />Equity Report to the State Department of Employee Relations (DOER) to demonstrate <br />compliance with the requirements of the State Pay Equity Act. The Pay Equity Act <br />requires that reasonable pay relationships be maintained between job classes regardless of <br />the gender of the incumbents of those job classes. The City’s Pay Equity Report is <br />attached. The report is based on salary and benefit data in place as of December 31, <br />2018. <br /> <br />Minnesota Management and Budget requires the Pay Equity Implementation Report to be <br />submitted electronically using their pay equity software. The software also computes <br />compliance data based on information entered by the local jurisdiction. Based on the <br />State’s criteria and reports generated by the pay equity software, it appears the City is in <br />compliance with the requirements of the Pay Equity Act. After formal review of the Pay <br />Equity Implementation Report, the city will receive a notice of compliance. <br /> <br /> <br />3. Cost. There is no cost associated with this action. <br /> <br />4. Staff Recommendation. Staff recommends approval 2019 Pay Equity Report <br /> <br />COUNCIL ACTION REQUESTED <br /> <br />Motion to approve the 2019 Pay Equity Report <br /> <br />Exhibits <br />A. 2019 Pay Equity Reports <br />Item No.: 12 Date: February 25, 2019 <br />Item Description: 2019 Pay Equity Report <br />Presenter: Ron Olson <br />Finance Director <br />Agenda <br />Section: <br />Consent Agenda <br />