FY 24-26 ADOPTED BUDGET

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 2022 - 23 and 2023 - 24 Accomplishments • Distributed roughly $11,000 in loans for employee home computerpurchases. • Collected an estimated $13,000 in loan repayments.

FY 2024 - 25 and 2025 - 26 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.

294 INTERNAL SERVICE FUNDS/MISCELLANEOUS PROGRAMS