HomeMy WebLinkAboutPoints for discussion at meeting 9.25.2006.PDFF-N;K:#
Points for discussion at meeting scheduled for 8:00 AM on 9125106
Current Service:lt a I
,py,a{f.'r.a*{ Q' Payments to ADP Payroll service in2004-05
Payments to ADP payroll service in 2005-06
s4,672.86
s5,248.49
$700.00
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Rateofincrease: l3%o n t ^ _r 4-}d"*" -
-(*4,t1"! -= ,'t", ,/ , -**n,--t-
Proposal for in-house payroll preparation: t' () u I ,;."u-l:t" '-l ,'"*, \i.a-a r u
Invelstment for program^ $fo,z+s.oo *N*' '( S-d*{-r'"" tAr.*--
Annual Maintenance Fee
Estimated cost for supplies per year $200.00 (checks, W-2 forms, envelopes)
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)\-r l"up't'!'rr*""' Fee for Direct Deposit Service at Tompkins Trust Company - $19.95 per month.
nj,tp,l''iirt, t (Per conversation with TTC rep, Doug Mellon, this fee is currently being waived by the
fro4t iu"* bank because the Village is a municipality.)JV -.h!*"
Program training and employer/employee data entry - estimate time - 35hrs.
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t(u50" / There will be some added time to the current bi-weekly time spent to process tax
^, */"{/' l-ll-f,]", op, payments and direct deposit - estimate 1-2 hours per pay period.
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There will also be added time for quarterly payroll reports and annual payroll reports.
Advantages ':
o Integrates with Accounting Software
. Completed in Village personnel time frame '/
o Pays for itself in two years
o Information is available Village computer and when needed
. Changes can be made at time of requested and can be checked when process
payroll
o User friendly - process is similar to the processing of vouchers
Disadvantage
o Future employees will need to have payroll processllg skills
o Will need additional storage space on computer system for payroll backups
o Will need process for protection of payroll information on computer system
. Added personnel time for payroll reports, etc.
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