The total amount of accrued monies budgeted by the city, and approved by the Department of Finance and Administration/Local Government Division in an approved budget, shall be as follows.
(A) The gross compensation of the Mayor shall be as set from time to time by resolution for each regular meeting, not to exceed two regular meetings in each calendar month. The stated compensation shall be effective beginning with the first regular meeting for the month of July, 2011.
(B) All federal- and state-mandated employer, as well as employee, taxes and/or fees shall be deducted from the Mayor’s gross earnings on a monthly basis.
(C) All appropriate Internal Revenue Service reports and/or statements shall be generated by the City Treasurer’s office and sent to the appropriate tax reporting center as necessary.
(Ord. 2011-07, passed 5-11-2011)