The Franklin News-Post|
P. O. Box 250
310 Main Street, SW
Rocky Mount, Virginia 24151
Friday, November 23, 2012
By CHARLES BOOTHE - Staff Writer
No one spoke against a proposal to give Franklin County and school employees a one-time bonus at a public hearing Tuesday night.
Rocky Mount District Supervisor Charles Wagner said the vote was unanimous to award the bonuses.
Full-time employees will get a $680 bonus and regular part-time employees $340, providing they were hired prior to July 1, 2012.
Those new employees hired July 1 or after will receive half that amount -- $340 for full-time workers and $170 for regular part-time employees. That will affect a total of 21 county employees and 42 school employees.
Employees will receive the bonuses next week as a separate payroll from their regular pay, according to Vince Copenhaver, the county's finance director.
At the supervisors' October meeting, Administrator Rick Huff presented several options to the board, including raises, bonuses and a combination of both.
"Due to stronger than anticipated tax collections and some small growth in other local revenues, the county has available about $1.2 million in recurring revenues not yet budgeted on an annual basis," Huff said, adding that about $2 million is also available in the fund balance for a one-time expense.
Those revenue increases occurred in real estate and personal property taxes, interest income, and the sales and meals taxes, Huff said. The fund balance has a $2 million surplus above the board's policy of keeping it at 10 percent of the total budget, he added.
Supervisors agreed that the money for the bonuses, about $1.2 million, should be taken from the fund balance since it is a one-time expense.
"This is money that was saved last fiscal year," Copenhaver said. "It will not make our fund balance dip below where we like it to be."
County and school employees have not had a raise in four years but did receive a bonus last year -- $400 for full-time employees and $200 for part-time employees.