City of Morgan Hill Fiscal Years 2020- 2022 Recommended Operating and CIP Budgets

Employee Assistance

240.2610

Division Description This fund supports various employee financial assistance programs. The FY 2020-21 and 2021-22 Biennial budget includes funding for the employee computer loan program. Through this pro- gram, 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 2018-19 and 2019-20 Accomplishments  Distributed roughly $21,000 in loans for employee home computer purchase  Collected an estimated $20,000 in loan repayments

FY 2020-21 and 2021-22 Activity Goals  Promote the availability of home computer loans for employees (Fostering a Positive Organi- zational 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.

282 INTERNAL SERVICE FUNDS/MISCELLANEOUS PROGRAMS