Monday evening the Plymouth Common Council approved on first reading the 2016 ordinance fixing salaries of elected officials, appointed officers, employees and fire and police personnel.
The ordinance represents a two-percent salary increase for next year for all salary and hourly positions.
The Council also approved a resolution authorizing the investment of public funds pursuant to Indiana Code. In 2013 the city’s financial consultants, Umbaugh gave the councilmember a presentation of flexibility of investment funds and the Council adopted a City Investment Policy.
The city attorney said, “When the city is looking to invest funds for certificates of deposit the can seek bids or quotes from banks outside the city limits allowing the city the opportunity to get the best rates.” The statue requires the policy be revisited every two years with council approval, a matter of housecleaning.
City Clerk Treasurer Jeannine Xaver also reminded Plymouth City Council members of the 2016 budget work session scheduled for Monday, August 3rd at 6 p.m. This meeting is open to the public.
