The Managerial Lump Sum unit overseas the financial analysis and the evaluation of the final lump sum payment for inactive managers. The unit is responsible for the preparation, review and calculation of lump sum packages received from timekeepers and the Division of Human Resources. This procedure also requires a review of Department of Education Chancellor’s Regulations, Department of Citywide Administrative Services Manager’s Regulations and New York City’s Financial Audit Manual to ensure that policies and procedures are accurately implemented by the Office of the Auditor General, the Division of Human Resources and the Division of Financial Operations.Guidelines for Managerial EmployeesManagers newly hired on or after January 1, 2005, can accrue a maximum of ten (10) sick leave days per annum for the first five (5) years of service. At the beginning of the sixth year of service, the maximum sick leave accrual shall be (12) days per annum. Effective January 1, 2005, managers may use three (3) days per year from their sick leave balances for care of ill family members.Managers newly hired on or after January 1, 2005, shall not be entitled to the floating holiday.