According to Executive Director Nettie Goodwin, the board was unable to pay for a cost of living adjustment for employees last year. The standard COLA has been 3 percent.
The bonus represents a one time payment that reflects what the employees would have made had they earned a raise last year, Goodwin explained. Both the raise and the bonus were awarded to all full time employees, plus Talladega Police Officer Dannis Collins, who works for the authority part time.
The 2 percent bonus was taken into account when calculating the 2 percent pay increase.
Although the budget was approved Tuesday, the final figures were still not available since there is still no way to know for certain how much money will be coming from the U.S. Department of Housing and Urban Development. At the moment, HUD is under a continuing resolution that provides level funding until Congress approves a budget.
The Housing Authority’s fiscal year runs from Jan. 1 to Dec. 31.
Also Tuesday, the authority:
• Approved charge-offs of $54.58, which chairman Johnny McKinney said was the lowest figure he had ever seen.
• Agreed to start locking the doors to the main office at 3:30 p.m. after the first of the year. Office staff would continue working and would be available for emergencies, but the office would otherwise be closed to the public.
• Agreed to hold the employee Christmas dinner at the Curry Court Community Center Dec. 21, starting at 11 a.m.
Board member Jim Preuitt was absent.
Contact Chris Norwood at email@example.com.