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Mayor Jerry Sanders is scheduled to announce tomorrow the hiring of a new consultant who would oversee the implementation of the 121-point remediation plan offered up by the consultants from Kroll Inc. in their August report.
The post is to be titled “director of remediation implementation” and will be filled by certified public accountant John Dyer.
Dyer won’t be a full-fledged city employee. Rather, he’ll serve as a consultant with a $120,000-a-year contract. The contract runs one year and doesn’t include expenses, although the Mayor’s Office said it doesn’t foresee Dyer running up any expenses.
Sanders spokesman Fred Sainz said the new position is necessary to ensure a timely follow through on the remediation plan, which grew out of the city’s financial woes.
“We all have day jobs. We have pretty good responsibilities,” he said. “So what we wanted to make sure is that these deadlines aren’t missed.”
Among other problems in the city’s pension and wastewater systems, Kroll found that eight former city officials committed securities fraud in releasing faulty financial information and five sitting council members acted negligently in similar capacities.
Dyer is the founder of his own CPA firm and previously worked for auditor KPMG, the firm doing the city’s long-delayed 2003 audits. Click here for his resume.
Click here to read about Kroll’s remediation plan.
The director of remediation implementation will not replace the monitor position envisioned in the remediation plan. The plan is expected to take up to seven years and cost at least $45 million, but likely upwards of $100 million.
Sanders tomorrow will also ask the City Council to approve an amendment that would call for the council to review and approve the city’s financial reports as they are completed. The current policy, according to the Mayor’s Office, calls for the council only to see the statements.