[SchoolFinance] New Paid Family & Medical Leave - budget strategy?

[Heather Reale]

So you took your total salaries for FY25 budget and took 1% and divided by
2 for the 6 month period. Did you use a total or break it out by school,
dept etc?
*Heather A. Reale*
Interim Director of Finance
Wells-Ogunquit Community School District
hreale at wocsd.org
207-641-6909


On Thu, Jan 4, 2024 at 8:01 AM Krol, Gabrielle <gabrielle.krol at msad52.org>
wrote:

> We did the same thing- budgeted 1% for 6 months of all salaries, in the
> same lines that our state and federal taxes post to.
>
> On Thu, Jan 4, 2024 at 7:47 AM Pete Orne <pete.orne at fivetowns.net> wrote:
>
>> We coded the same way. As State unemployment. We did budget 100% of the
>> cost for FY25 (half year, so 0.5%).
>>
>> Pete
>>
>> Pete Orne, SFO
>> Business Manager
>> Camden-Rockport/Fivetown CSD
>> 22 Knowlton St.
>> Camden, ME 04843
>>
>>
>> pete.orne at fivetowns.net
>>
>>
>> Inline image
>>
>> Inline image
>>
>>
>>
>> On Thu, Jan 4, 2024 at 7:32 AM Cheryl Fournier <CFournier at sanford.org>
>> wrote:
>>
>>> Hi everyone,
>>>
>>>
>>>
>>> I used the Unemployment tax object code to post it in the budget as it
>>> is a state tax.  My superintendent and I agreed to only book the employer
>>> portion at .5% (had to build it as .25% for the full year, per profund) as
>>> we can not handle any additional expenses as it is.
>>>
>>>
>>>
>>> Cheryl
>>>
>>>
>>>
>>>
>>>
>>> *Cheryl Fournier*
>>>
>>> *Business Administrator*
>>>
>>> *Sanford School Department*
>>>
>>> *207-608-8704*
>>>
>>> *www.sanford.org <http://www.sanford.org/>*
>>>
>>>
>>>
>>> *From:* SchoolFinance <schoolfinance-bounces at maillist.informe.org> *On
>>> Behalf Of *Lisa Harkin
>>> *Sent:* Wednesday, January 3, 2024 3:38 PM
>>> *To:* Moderated information sharing for school business managers <
>>> schoolfinance at maillist.informe.org>
>>> *Subject:* Re: [SchoolFinance] New Paid Family & Medical Leave - budget
>>> strategy?
>>>
>>>
>>>
>>> *CAUTION:* This email originated from a server outside of the Sanford
>>> School Department. Do not click links or open attachments unless you
>>> recognize the sender and absolutely know the content is safe.
>>>
>>>
>>>
>>> .5% from Jan-June.
>>>
>>>
>>>
>>> But I need a line/object to book it to.  Do you think the DOE will come
>>> up with one in time, if needed?
>>>
>>>
>>>
>>> On Wed, Jan 3, 2024 at 3:33 PM Adam Hanson <
>>> ahanson at lewistonpublicschools.org> wrote:
>>>
>>> Hi Kate,
>>>
>>> I will be discussing this with the superintendent next week, but my
>>> initial plan is to do exactly what you're doing and budget the full 1% as
>>> worst-case scenario.
>>>
>>>
>>>
>>> On Wed, Jan 3, 2024 at 3:11 PM Kate Bolton <
>>> kbolton at scarboroughschools.org> wrote:
>>>
>>> Hi all, happy New Year!
>>>
>>>
>>>
>>> Wondering whether you plan to budget for the new payroll tax for Paid
>>> Family & Medical Leave in your districts and how you will estimate it...
>>>
>>>
>>>
>>> The language of the budget bill says that a total of 1% of all wages
>>> must be collected as payroll premiums, and that up to 50% of the required
>>> premium may be deducted from the employee's wages. Knowing that DOL
>>> rulemaking will be going on at the same time we are all preparing to
>>> present our budgets, I'm tempted to prepare for the worst and budget the
>>> full 1% based on a January 1, 2025 start date, as I would much rather be
>>> able to reduce my cost estimates for second reading than have to add to
>>> them.
>>>
>>>
>>>
>>> What are y'all thinking? Will you use 0.5% as the employer share? Budget
>>> the full 1%? Roll the dice and leave it out of your projections?
>>>
>>>
>>>
>>> Thanks!
>>>
>>>
>>>
>>> :) Kate
>>>
>>>
>>> Kate Bolton
>>>
>>> (she/her/hers and here's why <https://www.mypronouns.org/what-and-why/>)
>>>
>>> Director of Business & Finance
>>>
>>> Scarborough Public Schools
>>>
>>> Tel: 207-730-4114
>>>
>>>
>>>
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>>>
>>>
>>>
>>> --
>>>
>>> Adam Hanson
>>>
>>> Controller
>>>
>>> Lewiston Public Schools
>>>
>>> 36 Oak Street
>>>
>>> Lewiston, ME 04240
>>>
>>> Phone: (207) 795-4100, ext. 4051
>>>
>>> Fax: (207) 795-4177
>>>
>>>
>>>
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>>>
>>> --
>>>
>>> Lisa Harkin
>>>
>>> 207-651-3407
>>>
>>> Finance Manager
>>> _______________________________________________
>>> SchoolFinance mailing list
>>> SchoolFinance at maillist.informe.org
>>> http://maillist.informe.org/mailman/listinfo/schoolfinance
>>
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>
>
>
> --
> Gabrielle Krol
> Business Manager
> MSAD 52
> 486 Turner Center Road
> Turner, ME 04282
> 207-225-1006
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