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IV.3. Approval of MOU with Police Officers Association for 2023 Wages; Bishop CITY OF HOPKINS City Council Report 2024-015 To: Honorable Mayor and Council Members Mike Mornson, City Manager From: Nick Bishop, Finance Director Date: February 13, 2024 Subject: Approval of MOU with Police Officers Association for 2023 Wages _____________________________________________________________________ RECOMMENDED ACTION MOTION TO approve MOU with Police Officers Association for 2023 Wages. OVERVIEW The City completed a compensation study in early 2023 to better understand market conditions citywide. There was a market gap for police officer compensation and due to the tight labor market for qualified police officers regionally, staff are recommending a wage adjustment retroactive to September 10, 2023. This is consistent with the MOU previously approved for Police Sergeants. The wage structure being proposed reduces the number of steps from 13 to 9. All officers will be moved to the step that corresponds with their years of service as of 9/10/2023. The estimated budget impact from this change is $47,000. Due to other revenues being higher than expected and, staff is comfortable with this budget impact for 2023. SUPPORTING INFORMATION • MOU with Police Officers Association Finance Department