Title
Resolution Approving a Memorandum of Understanding with the City of Ann Arbor Regarding Ann Arbor Housing Commission Staffing
Memorandum
All Ann Arbor Housing Commission (AAHC) employees are employees of the City of Ann Arbor as confirmed by City Council Resolution R-13-174. The Executive Director is hired by and reports to the Board of the AAHC. All other AAHC staff are hired by the City of Ann Arbor and report to the Executive Director.
These employees currently receive paychecks and benefits in accordance with City human resource policies and union collective bargaining agreements, and the Housing Commission reimburses the City for all compensation costs.
The attached Memorandum of Understanding (MOU) specifies how the parties will work together to fulfill their respective commitments to each other. This MOU was reviewed and approved by the AAHC's attorney as well as the AAHC's auditor.
Staff
Prepared and Approved by Jennifer Hall, Executive Director
Body
Whereas, the Governmental Accounting Standards Board ("GASB"), an independent, private-sector, not-for-profit organization, is recognized as the official source of generally accepted accounting principals ('GAAP") for state and local governments;
Whereas, City and AAHC recognize that GASB standards help government officials demonstrate accountability to constituents, including their stewardship over public resources.
Whereas GASB Statement No. 68, Accounting and Financial Reporting for Pensions, establishes standards for measuring and recognizing liabilities, deferred outflows of resources, and deferred inflows of resources, and expense/expenditures which will provide both parties understanding of the size and nature of the financial obligations to current and former employees for services rendered;
Whereas, the City of Ann Arbor established the Ann Arbor Housing Commission pursuant to Act 18 of 1933 (the "Act") to provide needed housing facilities within the City;...
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