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ORDINANCE NO. 423 <br />PAGE TWO OF TWO <br />overtime for which it is granted unless prior arrangements <br />have been made with the Department Head and the <br />Clerk -Administrator. At no time shall compensatory time be <br />allowed to accumulate in excess of 240 hours. <br />b. Compensatory time shall not be given to exempt <br />employees. <br />A payment for accrued compensatory time upon termination <br />of employment shall be calculated at the average rate of pay for <br />the final 3 years of employment, or the final regular rate <br />received by the employee, whichever is higher. <br />SECTION III. This ordinance shall take effect 30 days <br />afLer the date of its publication. <br />Read by the Council of the City of Mounds View on <br />this day of , 1987. <br />Read and passed by the City Council of the City of Mounds <br />View this day of , 1987. <br />ATTEST: <br />Mayor <br />(SEAL) <br />Clerk -Administrator <br />APPROVED AS TO FORM: <br />09 <br />