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

Thu Jan 4 09:04:35 EST 2024

So are we responsible for the tax or the employees?  I am trying to
understand the law exactly how it reads. There seems to be some
uncertainties.  It is a taxable benefit?
*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 8:45 AM Krol, Gabrielle <gabrielle.krol at msad52.org>
wrote:

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