SUBJECT:
title
Approval of a resolution awarding President & CEO Dottie Watkins adjustment to base pay equal to ___% of her annual salary and a one-time performance achievement bonus equal to ___% of base pay based on her Fiscal Year 2024 annual performance review. The increases are awarded retroactively to October 1, 2024, in accordance with the Employment Agreement.
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FISCAL IMPACT:
Choose an item.
STRATEGIC PLAN:
Strategic Goal Alignment:
☐ 1. Customer ☐ 2. Community
☒ 3. Workforce ☐ 4. Organizational Effectiveness
Strategic Objectives:
☐ 1.1 Safe & Reliable Service ☐1.2 High Quality Customer Experience ☐ 1.3 Accessible System
☐ 2.1 Support Sustainable Regional Growth ☐ 2.2 Become a Carbon Neutral Agency
☐ 2.3 Responsive to Community and Customer Needs ☐ 2.4 Regional Leader in Transit Planning
☐ 3.1 Diversity of Staff ☒ 3.2 Employer of Choice ☐ 3.3 Expand Highly Skilled Workforce
☐ 4.1 Fiscally Responsible and Transparent ☐ 4.2 Culture of Safety ☐ 4.3 State of Good Repair
EXPLANATION OF STRATEGIC ALIGNMENT: The performance goals established by the board for the President & CEO are aligned with the goals in the Strategic Plan. The board's annual evaluation and specific action on the President & CEO's performance also supports the Workforce goal and Employer of Choice Objective by rewarding performance that contributes to CapMetro’s overall success.
BUSINESS CASE: The evaluation by the Capital Metro Board of Directors of the President & CEO's performance meets the requirement of the President & CEO Total Compensation Policy and the Employment Agreement between Dottie Watkins and CapMetro.
COMMITTEE RECOMMENDATION: item will be presented to the full board on November 25, 2024.
EXECUTIVE SUMMARY: CapMetro's Employment Agreement with Dottie Watkins states that the Board of Directors shall review her performance annually based on performance standards established for that period. The process adopted by the board in the President & CEO Total Compensation Policy describes the process for linking President & CEO pay to performance.
DBE/SBE PARTICIPATION: Does not apply.
PROCUREMENT: Does not apply
RESPONSIBLE DEPARTMENT: People and Culture
body
RESOLUTION
OF THE
CAPITAL METROPOLITAN TRANSPORTATION AUTHORITY
BOARD OF DIRECTORS
STATE OF TEXAS
COUNTY OF TRAVIS
A1-2024-1309
WHEREAS, the Capital Metropolitan Transportation Authority Board of Directors entered into an Employment Agreement with Dottie Watkins effective January 30, 2023; and
WHEREAS, the Capital Metropolitan Transportation Authority Board of Directors has evaluated Dottie Watkins’ performance in accordance with her Employment Agreement and the President & CEO Total Compensation Policy.
NOW, THEREFORE, BE IT RESOLVED by the Capital Metropolitan Transportation Authority Board of Directors that President & CEO Dottie Watkins is awarded an adjustment to base pay equal to ___% of her annual salary and a one-time performance achievement bonus equal to ___% of base pay based on her 2024 annual performance review. The increases are retroactive to October 1, 2024 in accordance with the Employment Agreement.
____________________ Date: ____________________
Secretary of the Board
Becki Ross