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1988.02.22_FAB_Minutes_RegularTOWN OF HIGHLAND BEACH, FLORIDA • FINANCIAL ADVISORY BOARD REGULAR MEETING - MINUTES Monday, February 22, 1988 9.30 A.M. A meeting of the Financial Advisory Board was held at 9:30 A.M. on Monday, February 22, 1988, at Town Hall. Members present included Richard Brunton, Ben Cohen, Grover Ensley, Fred Firstenburg and Reese James. Also present throughout the meeting were Mayor Betty Jean Stewart and Town Manager Mary Ann Mariano. Following review and upon motion properly made and seconded, the minutes of the February 16, 1988, meeting were accepted and approved as written. There were no items of correspondence for consideration. The meeting then proceeded with its continuing review of the proposed personnel policies which is the only item on the agenda for this meeting. The Town Manager presented the F.A.B. with her rewrite of • pages 5, 6 and 7 as had been agreed upon at the February 16, meeting. During the discussion of this "rewrite", a number of additional changes were deemed necessary and the Town Manager again agreed to rewrite pages 6 and 7 to reflect the agreed upon changes. Included in these changes was reconsi- deration of the thrust of the EXCEL program. Following an in-depth discussion on the intent as well as the effect of this program, it was determined that the best results would be achieved if the policy were rewritten to provide - 1. That "EXCEL" employees wage adjustments be calculated on the Employee's anniversary date. 2. That the "EXCEL" payment be given in the next pay period following such anniversary review. 3. That the amount awarded under the "EXCEL" program be based upon the same percentage criteria as merit pay adjustments as provided for in the Merit pay policy. 4. That the "EXCEL" payment be made in a single lump sum payment and for positive identification purposes, the payment to be by separate check. The Financial Advisory Board then reviewed the original pages 8 thru 13 •during which the need for substantial changes were noted. The Town Manager agreed to have the rewrites of pages 8 - 13 ready for the next Financial Advisory Board Meeting. Financial Advisory Board • Regular Meeting - Minutes February 22, 1988 Page 2 of 2 The time being noted as 12:15 P.M., upon motion properly made and seconded, it was voted to adjourn with the next meeting being scheduled for Tuesday, March 8, 1988, at 9:30 A.M. REJ/amk cc: F.A.B. Members Town Commission Town Manager • • Res ctfully submitted, Reese E. James, Chairman