FY 2018-19 and 2019-20 Adopted Operating and CIP Budget

Employee Assistance

240.2610

Division Description This fund supports various employee financial assistance programs. The FY 16-18 Biennial budg- et includes funding for the employee computer loan program. Through this program, an employ- ee may borrow up to $2,000 to purchase a computer system for home use. The employee repays the City through payroll deductions.

FY 2016-17 and 2017-18 Accomplishments • Distributed roughly $28,000 in loans for employee home computer purchase • Collected an estimated $26,000 in loan repayments

FY 2018-19 and 2019-20 Activity Goals • Promote the availability of home computer loans for employees • Target first time loan applicants

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.

284 INTERNAL SERVICE FUNDS/MISCELLANEOUS PROGRAMS