LORAIN — The state has paid for the district’s CEO for this year, according to treasurer Josh Hill.
Last year the state had paid the district quarterly sums for CEO David Hardy’s expenses, including his salary, benefits and allowances stipulated in his contract. This year, the state initially changed its pay schedule, leaving the district to pay for the CEO’s costs until the end of the year, when it would be paid back in a lump sum. After concerns were raised by the school board and Academic Distress Commission Chairman Randall Sampson, the state paid the district its full balance for the year Tuesday: $293,728.34.
That amount sent to the district to cover Hardy’s pay is minus a roughly $10,000 carryover from last school year. It also does not include any potential bonuses Hardy could receive.
“They basically restructured the wording (of the memorandum of understanding) so they can advance me the full amount and they don’t have to do the (quarterly) true-ups,” Hill said.
He added later, “It would include all the guarantees and then basically if there’s anything that’s pending like any bonus or anything like that, they wouldn’t include that in the absolute number because that would just come in the true-up at the end of the year if there is a balance remaining.”
Hill said he plans to continue to submit quarterly true-ups to the state per the memorandum of understanding. At the end of the year, the state will compare what was advanced to the district versus what the CEO’s actual costs were and either credit extra funds toward next school year’s cost or pay any difference still owed.
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