There is a starting step (step A) and 13 additional increments in the plan (steps B through N). Each of the first nine increases (steps B through J) shall be $0.60 per hour, the remaining four shall be three and one-half percent of the hourly wage and the employee shall be eligible for these increases on the second, fourth, seventh and tenth anniversaries of the employee entering Step J, but only if pay increases are funded. The chief fiscal officer shall prepare, maintain and administer a step chart for all positions based on a resolution adopted by the borough at the beginning of each fiscal year.