304 / 534
304
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16 OPERATING AND CIP
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY15-16
OPERATING AND CIP BUDGET
Employee Assistance Programs [240-2610]
ACTIVITY DESCRIPTION
This fund supports various employee financial assistance programs. The FY 14-15 budget includes funding for the
employee computer loan program. Through this program, an employee may borrow up to $2,000 to purchase a
computer system for home use. The employee repays the City through payroll deductions.
FY 14-15 HIGHLIGHTS
Distributed roughly $26,000 in loans for employee home computer purchase
Collected and estimated $27,000 in loan repayments
FY 15-16 ACTIVITY GOALS
Promote the availability of home computer loans for employees
Target first time loan applicants
FINANCIAL COMMENT
The computer loan program is a revolving loan fund with new loans being distributed from the existing loan pay-
ments. The program focuses on first time borrowers.