New State Financial Report
In response to the scandal in the City of Bell, the State Controller issued new requirements for cities to file a Local Government Compensation Report. The Finance Staff completed compiling and filed the report prior to the October 1st, 2010 deadline. Although some of the information was similar to what has been provided in response to prior Newspaper information requests, this report will also include costs incurred by the City for certain benefits. The report does not include names of individuals and the information is listed by Job Title and Department. Data is provided for all positions including Temporary, Elected and Appointed positions.
The report provides data for Calendar Year 2009 and the compensation reported is the same as reported in Box 5 of the IRS W2. In addition to actual earnings the City was required to provide the Minimum and Maximum Salary in the adopted Salary Resolution. The new report also required Staff to identify for each position whether they were covered by PERS and the dollar amount of the Employee Share of PERS Retirement paid by the City or any City contribution to a Deferred Compensation. The report also includes the dollar amount of City Contributions towards the cost of Health, Dental, and Vision insurance. The report is now available on the State Controller’s website.
