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R02-097RESOLUTION NO. 02- Oq A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON. BEACH, FLORIDA PROVDING FOR ANNUAL ADJUSTMENT OF EXPENSE ALLOCATIONS TO THE MAYOR AND COMMISSION BASED ON INCREASES IN THE CONSUMER PRICE INDEX; AND PROVDING AN EFFECTIVE DATE. WHEREAS, the Mayor and City Commission each receive a monthly allocation to cover expenses incurred in the performance of their official duties; and WHEREAS, the expense allocation received by the Mayor and Commission is funded by an appropriation in the City's annual budget; and WHEREAS, there is currently no provision for annual adjustment to the appropriation to offset inflationary erosion of the expense allocation; and WHEREAS, the City Commission deems it fair and equitable to provide for annual adjustment of the expense allocation to track increases in the CPI. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA THAT: Section 1,. Each Whereas clause set forth above is hereby ratified as being true and correct and incorporated herein by this reference. Section 2. The monthly expense allocation for the Mayor and members of the City Commission shall be increased annually by a percentage that reflects the annual increase in the Consumer Price Index (CPI). The source for determining the Consumer Price Index shall be the data provided by the Bureau of Labor Statistics for the Southern Urban Region, All Urban Consumers. The initial adjustment, which shall be implemented October 1, 2002, shall reflect the increase in the CPI from ~O\Cornmission Expense allocation.doc 2/2002 April, 1995 (base month/year) to April, 2002. Annual adjustments shall thereafter be based on CPI data available for the month of April in each year following 2002. ATTEST: Section 3. This Resolution shall take effect immediately upon passage. PASSED AND ADOPTED this [~ dayofJune, 2002. /~c~Vice Mayor ;:\CA\RESO\Commission Expense allocation.doc