City Council

(8) 24­0699 PERSONNEL, AUDITS, AND HIRING COMMITTEE REPORT and RESOLUTION relative to the Memorandum of Understanding (MOU) for the Los Angeles Department of Water and Power (LADWP) Security Unit Represented by Service Employees International Union (SEIU) Local 721, for the Contract Term of October 1, 2022, through September 30, 2026. Recommendation for Council action: APPROVE and CONCUR with the June 11, 2024 action of the Board of Water and Power Commissioners (Board) in adopting Board Resolution No. 024 209 to approve the MOU for the LADWP Security Unit Represented by SEIU Local 721 for the Contract Term of October 1, 2022, through September 30, 2026. Fiscal Impact Statement: The LADWP reports that the estimated average year over year financial impact associated with the proposed contract ranges from approximately $2.4 million to $2.5 million. Assumptions are based on Cost­of­Living Adjustments (COLA) floor of 2.5 percent and Tuesday - June 25, ceiling of 5.5 percent, 2024are which - based on Consumer PAGE 12 (CPI), Price Index Water and Power Commissioners (Board) in adopting Board Resolution No. 024 209 to approve the MOU for the LADWP Security Unit Represented by SEIU Local 721 for the Contract Term of October 1, 2022, through September 30, 2026. Fiscal Impact Statement: The LADWP reports that the estimated average year over year financial impact associated with the proposed contract ranges from approximately $2.4 million to $2.5 million. Assumptions are based on Cost­of­Living Adjustments (COLA) floor of 2.5 percent and ceiling of 5.5 percent, which are based on Consumer Price Index (CPI), salary adjustments, and other identified miscellaneous new MOU provisions.