Adopted Budget (Final Document)

Employee Assistance

240.2610

Division Description This fund supports various employee financial assistance programs, including funding for the employee computer loan program. Through this program, an employee may borrow up to $2,000 to purchase a computer system for home use. The employee repays the City through payroll deductions.

FY 2020-21 and 2021-22 Accomplishments  Distributed roughly $20,000 in loans for employee home computer purchase  Collected an estimated $20,000 in loan repayments

FY 2022-23 and 2023-24 Activity Goals  Promote the availability of home computer loans for employees (Fostering a Positive Organizational Culture)  Target first time loan applicants (Fostering a Positive Organizational Culture) Financial Comments The computer loan program is a revolving loan fund with new loans being distributed from the existing loan payments. The program focuses on first time borrowers.

298 INTERNAL SERVICE FUNDS/MISCELLANEOUS PROGRAMS