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DeKalb releases separation agreement with former finance director

DeKALB – The finance director who resigned her DeKalb post last month received more than $9,000 for accrued time off as part of a separation agreement between her and the city.

Laura Pisarcik resigned March 7 after more than three years as finance director. That same week, City Manager Anne Marie Gaura announced financial consultants would review the city's financial policies and procedures, a move aldermen approved Monday.

“Pisarcik shall be compensated for accrued paid time off in accordance with city policy as an employee resigning in good standing,” the separation agreement states. “Pisarcik shall not be entitled to any further or additional compensation of any kind, whatsoever, from the city.”

Assistant City Manager Rudy Espiritu has served as the interim finance director since March 10.

Officials don't expect to start a search for a new finance director until the next fiscal year, which begins July 1.

Council members Monday approved spending up to $45,000 on temporary help from GovTemps USA until June 30. Under the agreement, Dave Richardson and Stan Helgerson, two retirees with municipal finance experience, will review the city's financial and purchasing policies, and budget process.

Finance director since January 2011, Pisarcik's total compensation was $140,016, which included a salary of $97,948 and an additional $42,068 in benefits, records show. The position is responsible for monitoring the city's cash flow by overseeing purchasing, accounts payable and receivable, water billing and tax collection, and preparing the city's budget.

The agreement requires Pisarcik to keep any information obtained during her employment confidential for at least four years.

The approximately $9,074 total gross pay estimate that is part of the separation agreement includes vacation, floating holiday, sick and banked compensation time for a total of 180.65 hours at a rate of $50.23 an hour.

Pisarcik's resignation came two days after the March 5 announcement by Gaura that she wanted outside experts to review the city's financial and purchasing procedures and budget process as part of her financial responsibility initiative. At the time, Gaura noted that some purchases of more than $20,000 had been made without City Council approval in accordance with policy, and said that “certain policies” needed revisions.

Gaura has said that Pisarcik's resignation and her call for the financial review are unrelated.

The separation agreement also states that if the city receives any inquiry from any parts regarding Pisarcik's employment by the city, officials will limit their response to providing a copy of the agreement, her dates of employment and her last salary.

“If any of the provision are not fully complied with by either party, both parties acknowledge and agree that the other party may seek enforcement of this agreement by a court,” the separation agreement states.

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