treasury names mason emergency financial manager 04_17_09

Michigan.gov Home Treasury Home | Sitemap | Contact Treasury | FAQ | Forms | Online Services > Biographies > Press Releases > Audit > State Employees > Office of Disclosure > Job Opportunities Printer Friendly Text Version Text Size Mason Named Highland Park Financial Manager Contact: Terry Stanton, (517) 335-2167 join our list serv The Local Emergency Financial Assistance Loan Board (ELB) today appointed Robert Mason as Emergency Financial Manager in Highland Park. Mason replaces Arthur Blackwell, who has been Emergency Financial Manager since March, 2005. Mr. Mason is an Executive Strategy and Management Consultant, with more than a decade of experience in both the public and private sectors. "Robert Mason's experience, with both government entities and private businesses, will be an asset in taking Highland Park's financial recovery to the next level," said State Treasurer Robert J. Kleine, Chair of the Emergency Loan Board. "The ELB believes Mr. Mason, working closely with elected officials, can help return self-governance to Highland Park in the not-too-distant future." The Local Emergency Financial Assistance Loan Board also approved several provisions which will put in place additional financial controls for units of local government under the authority of an Emergency Financial Manager. Provisions include monthly reports from a local unit's chief financial officer regarding any payments made to an EFM, a quarterly review of a local unit's financial records, and a requirement that Emergency Financial Managers quickly report possible financial irregularities to the ELB. In addition, in the future, all Emergency Financial Managers will be paid solely by the unit of local government for which the EFM has been appointed, and not by the State. These actions were taken following a determination that payments had been made to Mr. Blackwell, upon his authorization, by the City of Highland Park, that were not authorized by the Local Emergency Financial Assistance Loan Board. The State Treasurer has directed Mr. Blackwell to reimburse the City of Highland Park, immediately. Related Content • Highland Park Returned to Local Control • MET Refer-A-Friend Program Offers Chance to Win $100 Gas Card • State Treasurer, Fiscal Agencies Lower Revenue Projections for Remainder of '09 and FY 2010 • Treasury Offers Online Payments For Business Taxes • Granholm Announces 10 Promise Zone Designations in Communities Across Michigan • Be Sure to File by April 15th Deadline • Treasury Enhances CD Program • Income Tax Deadline Less Than Two Weeks Away • March 30th Community Forum Planned on Pontiac Financial Emergency • Emergency Loan Board Names Financial Manager For the City of Pontiac • Byrd Honors Scholarship Now Available to Home-Schooled Students • New Michigan EITC Highlights Available Tax Relief • MET to Hold Community Enrollment Events in Michigan, January 23rd & 24th • State Treasurer, Fiscal Agencies Lower Revenue Estimates for FY 2009...Reach Consensus for FY '10 • Give the Gift of Education and Receive a State Income Tax Deduction • Contest Offers Tuition-Free Semester of College • Michigan to Grant Filing Extensions to Hurricane Victims • MET Board Extends Purchase Deadline to September 2, 2008 • Michigan Education Trust Celebrates 20th Anniversary • MET Offers Free College Savings Webinars Michigan.gov Home | Contact Treasury | State Web Sites | FAQ | Sitemap Privacy Policy | Link Policy | Accessibility Policy | Security Policy | Michigan News | Michigan.gov Survey Copyright © 2001-2009 State of Michigan

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Page 1: Treasury Names Mason Emergency Financial Manager 04_17_09

> Biographies

> Press Releases

> Audit

> State Employees

> Office of Disclosure

> Job Opportunities

Printer Friendly Text Version Text Size

Mason Named Highland Park Financial Manager

Contact: Terry Stanton, (517) 335-2167 join our list serv

The Local Emergency Financial Assistance Loan Board (ELB) todayappointed Robert Mason as Emergency Financial Manager in HighlandPark. Mason replaces Arthur Blackwell, who has been EmergencyFinancial Manager since March, 2005.

Mr. Mason is an Executive Strategy and Management Consultant, withmore than a decade of experience in both the public and privatesectors. "Robert Mason's experience, with both government entities andprivate businesses, will be an asset in taking Highland Park's financialrecovery to the next level," said State Treasurer Robert J. Kleine, Chairof the Emergency Loan Board. "The ELB believes Mr. Mason, workingclosely with elected officials, can help return self-governance toHighland Park in the not-too-distant future."

The Local Emergency Financial Assistance Loan Board also approvedseveral provisions which will put in place additional financial controls forunits of local government under the authority of an Emergency FinancialManager. Provisions include monthly reports from a local unit's chieffinancial officer regarding any payments made to an EFM, a quarterlyreview of a local unit's financial records, and a requirement thatEmergency Financial Managers quickly report possible financialirregularities to the ELB. In addition, in the future, all EmergencyFinancial Managers will be paid solely by the unit of local governmentfor which the EFM has been appointed, and not by the State.

These actions were taken following a determination that payments hadbeen made to Mr. Blackwell, upon his authorization, by the City ofHighland Park, that were not authorized by the Local EmergencyFinancial Assistance Loan Board. The State Treasurer has directed Mr.Blackwell to reimburse the City of Highland Park, immediately.

Related Content • Highland Park Returned toLocal Control

• MET Refer-A-FriendProgram Offers Chance toWin $100 Gas Card

• State Treasurer, FiscalAgencies Lower RevenueProjections for Remainder of'09 and FY 2010

• Treasury Offers OnlinePayments For BusinessTaxes

• Granholm Announces 10Promise Zone Designationsin Communities AcrossMichigan

• Be Sure to File by April 15thDeadline

• Treasury Enhances CDProgram

• Income Tax Deadline LessThan Two Weeks Away

• March 30th CommunityForum Planned on PontiacFinancial Emergency

• Emergency Loan BoardNames Financial ManagerFor the City of Pontiac

• Byrd Honors ScholarshipNow Available toHome-Schooled Students

• New Michigan EITCHighlights Available TaxRelief