When departing Atascadero City Manager Wade McKinney walks away from his longtime position Friday, he’ll have a cash payment of $141,255 coming to him.
The check, to be paid next week during the city’s regular pay period, will consist of $135,210 in vacation and sick time plus his final $6,045 regular paycheck, according to the city. McKinney’s annual base salary is $157,173.
McKinney earned and was paid $43,259 for about 555 hours of sick time and $91,951 for about 1,180 hours of vacation time, including his historic bank, according to the city.
He earned nearly 280 hours — seven weeks — per year of vacation time and almost 96 hours of sick time per year, according to the city. He worked for the city for nearly 16 years.
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After five years of continuous employment, employees who leave the city in good standing get half of their remaining unused sick time if they’re executive management, management or “confidential” employees who work with sensitive information such as those in payroll and the city manager’s office, officials said.
McKinney’s check will come out of the city’s general fund, which pays for essential city services such as police and fire, as well as some of Atascadero's personnel expenses.
The city’s roughly $18.6 million general fund budget for fiscal year 2012-13 has nearly $12.8 million allotted for personnel services, according to the city.
McKinney announced May 31 he was taking a job in the Southern California city of Indian Wells. Rachelle Rickard, who has been the city’s administrative services director for 15 years, will succeed McKinney.