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Committee favors a prepaid "holdback" accounting approach over one-time payroll deduction; approves staff plan to recover amounts when employees separate
3295370 · May 13, 2025
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Summary
Faced with a potential $311,000 one-time payroll holdback for certain employees, the committee directed staff to record a prepaid balance and recover amounts when employees separate rather than deduct a week of pay up front for employees on Kronos.
The committee revisited a proposed payroll "holdback" that would have temporarily withheld one week of pay from affected employees to address payroll timing and separation liabilities. Finance staff said the full one-time holdback would total about $311,000 for the group affected.
Finance explained a lower-cost…
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