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

Thu Jan 4 08:40:45 EST 2024

Yes, I took the total salaries in each area, and multiplied that by .5%-
that will give me 1% for 1/2 the year, I added that in each of the benefit
lines in the budget entry portion of ADS while entering the other budget
lines.  So not for each individual person, but in each category.

On Thu, Jan 4, 2024 at 8:14 AM Heather Reale <hreale at wocsd.org> wrote:

> 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
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>>>
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>>
>>
>>
>> --
>> Gabrielle Krol
>> Business Manager
>> MSAD 52
>> 486 Turner Center Road
>> Turner, ME 04282
>> 207-225-1006
>> _______________________________________________
>> SchoolFinance mailing list
>> SchoolFinance at maillist.informe.org
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>
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-- 
Gabrielle Krol
Business Manager
MSAD 52
486 Turner Center Road
Turner, ME 04282
207-225-1006
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