REPORT TO THE CITY COUNCIL FROM: SUMEET MALHI, Director Personnel Services Department BY: VANESSA DE LA TORRE, Human Resources Manager Personnel Services Department SUBJECT ..Title ***RESOLUTION - Adopt the Twentieth Amendment to the FY 2026 Salary Resolution No. 2025-177 amending Exhibit 2, Unit 2, Non-Represented Management and Confidential Classes, by adding the new classification of Deputy Chief Investment Officer and the respective E5 salary range, effective May 18, 2026 (Subject to Mayor's Veto) ..Body RECOMMENDATION It is recommended that Council adopt the Twentieth Amendment to the Fiscal Year 2026 Salary Resolution No. 2025-177 to add the new classification of Deputy Chief Investment Officer and the respective E5 salary range, effective May 18, 2026. EXECUTIVE SUMMARY The Retirement Office added one (1) new Deputy Chief Investment Officer position with the adoption of the FY 2026 budget to optimize investment performance, effectively manage an increasingly complex portfolio and provide strategic planning and coordination of the investment program. This classification will be placed at the E5 salary range of $9,876 - $17,054 monthly which amounts to $118,512 - $204,648 annually. The City provided notice to the respective bargaining units and has met its meet and confer obligation. This action will not require additional appropriations. BACKGROUND With the adoption of the FY 2026 budget, the Retirement Office added one (1) Deputy Chief Investment Officer position to lead the day-to-day oversight, management, and administration of the City's Retirement System investment portfolios. This new classification is expected to optimize investment performance, effectively manage an increasingly complex portfolio and provide strategic planning and coordination of the investment program. This new classification is recommended to be placed at the E5 salary range of $9,876 - $17,054 monthly which amounts to $118,512 - $204,648 annually. The City provided notice to the respective bargaining units and has met its meet and confer obligation. The City Attorney's Office has approved the Twentieth Amendment to Salary Resolution No. 2025-177 as to form. ENVIRONMENTAL FINDINGS By the definition provided in the California Environmental Quality Act Guidelines (CEQA) Section 15378, this item does not qualify as a "project" and is therefore exempt from CEQA. LOCAL PREFERENCE Local preference is not implicated because this item does not involve public contracting or bidding with the City of Fresno. FISCAL IMPACT The amendment will not require any additional appropriations for Fiscal Year 2026. Attachments: Resolution: Twentieth Amendment to FY26 Salary Resolution No. 2025-177 Salary Tables: Twentieth Amendment to FY26 Salary Resolution No. 2025-177 Redline Salary Tables: Twentieth Amendment to FY26 Salary Resolution No. 2025-177 Veto)