Vote: approved

Item Text

H-2. APPROVE AMENDED SEVERANCE POLICY HHR-19 Adopt Resolution No. 12-011 and approve amended Severance Policy previously approved on March 30, 2011. The U.S. Department of Housing and Urban Development (HUD) conducted a Management and Financial review of the Housing Authority of Maricopa County (HAMC) in March 2010 which resulted in several Findings, Concerns and Observations. HAMC submitted a Corrective Action Plan (CAP) to HUD regarding the deficiencies that were noted. Finding #4 of the CAP stated that Severance Pay to Executive Director did not Meet Cost Allowability Requirements in 2 CFR Part 225 (OMB Circular A-87). Per HUD's recommendation HAMC added a clause that any severance pay paid that exceeds the “one week pay for each completed year” provision will not be paid from federal funds without prior approval of the cognizant Federal agency. HAMC has made the needed additions and the amended Severance Policy HHR-19 is now ready for approval and submission to HUD. The policy will become effective upon Board of Commissioners approval and has no financial impact. (C-66-12-048-M-00) CALL TO THE PUBLIC AND SUMMARY OF CURRENT EVENTS LLAMADO AL PUBLICO Y EL RESUMEN DE TEMAS DE ACTUALIDAD