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C4E-Ref- FCWPC - Indexing Living Wage Rate For FY 2014-15 Pursuant To Ord 2010-E MIAMI BEACH City of Miomi Beoch, ,l700 Convention Center Drive, Miomi Beoch, Florido 33,l39, www.miomibeochfl.gov COMMISSION MEMORANDUM To: Mayor Philip Levine and Members FROM: Jimmy L. Morales, City Manager DATE: July 23,2014 SUBJECT: REFERRAL TO FINANCE AND DITYWIDE PROJECTS COMMITTEE -A DISCUSSION ON INDEXING THE LIVING WAGE RATE FOR FISCAL YEAR 2014-2015 IN ACCORDANCE WITH THE OPTIONS PURSUANT TO ORDINANCE 2010.3682. ADMINISTRATION RECOMMENDATION Refer the item to the Finance and Citywide Projects Committee for discussion. BACKGROUND ln this fiscal year 2013-2014, the hourly living wage rate paid to employees of City contactors is set at the fiscal year 2012-2013 rate of $11.28lhr with health benefits of at least $1 .64lhr, and $12.92lhr without benefits. Prior to approval of the fiscal year 2013- 2014 budget, the City Commission did not increase the ling wage rate for 2013-2014 from2012-2013 rate pursuantto provision 1(b) noted below. lf the intention of the City Commission is to index (increase) the current living wage rate for subsequent fiscal year(s), the options, pursuant to Section 2-408 (d) of the City Code entitled, lndexinq, are as follows: 1. lndex for inflation using the Miami Primary Metropolitan Statistical Area (PMSA) Consumer Price lndex for all Urban Consumers (CP!-U) Miami/Ft. Lauderdale, issued by the U.S. Department of Labor's Bureau of Labor Statistics. a. Notwithstanding the preceding, no annual index shall exceed three percent (3%); b. Nor shall an annual increase exceed the corresponding annual compensation increase (if any) provided to unrepresented (i.e. unclassified) city employees. 2. Elect not to index the living wage rate in any particular year, if the Commission determined it would not be fiscally sound to implement same. The City Code also requires that the determination to index (or not index) the living wage rate shall be considered annually during the city commission's review and approval of the city's annual operating budget. The Administration is seeking guidance from the Mayor and City Commission regarding the living wage rate for fiscal year 2014-2015. City Agenda ltem C?E Date 7.23-ly256 Commission Memo Referral to Finance and Citywide Project Committee - Living Wage July 23,2011 Page 2 of 2 CONCLUSION The Administration recommends that the Mayor and City Commission refer this item to the Finance and Citywide Projects Committee for a discussion on indexing the living wage rate in accordance with the options pursuant to Ordinance 2010-3682. @ JLM/MT/AD/RA T:\AGENDA\2014Uu1$Proorrement\Refenal to Finance and Cityvride Projects Committee - Living Wage FYl+l5 - Memo.docx 257