Q&A
Potential carry-forward of PS savings into FY25
1:48:23
·
50 sec
Sarah Parker discusses the potential for PS savings to carry forward into FY25.
- The carry-forward depends on whether current savings are due to unfilled vacancies
- IBO will monitor payroll payments throughout the next year to assess how quickly vacancies are filled
- As the year progresses, a clearer picture of savings will emerge if actual spending remains below budgeted amounts
Justin Brannan
1:48:23
And do you have any, estimates of how that might carry forward into f y 25?
Sarah Parker
1:48:30
One of the questions for next year is whether a lot of these are vacancies where the city has not yet filled this position or filled it later than it had previously anticipated in the budget.
1:48:42
I think next year, the question, we'll be looking again at payroll payroll payments as the year progresses, is how quickly any vacancies are are filled and and how how what gets budgeted then plays out over the course of the year.
1:49:02
Certainly, as the year progresses, there is a much clearer picture of savings if to date you have not come anywhere close to what you have put in the budget for the annual total.
