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Audit flags payroll tax overpayment; Mannington reduces employee health insurance deduction to 1.5% for 2019
Summary
The Township’s 2017 audit identified overpayments of Social Security and Medicare taxes since 2012; CFO Bowman said the error was corrected in May 2018, and the Committee approved changing employee health insurance deduction calculations to 1.5% of salary for 2019 to make up for the payroll deduction error.
Mayor Asay reviewed the 2017 Annual Audit at the July 2 meeting and reported an audit finding that the Township had overpaid Social Security and Medicare taxes since health insurance deductions began in 2012. CFO Bowman told the Committee the error had been corrected as of May 2018. Mayor Asay asked that the correction be made retroactive to Jan. 1, 2018.
To make up for the payroll deduction error and consistent with the Township Auditor’s guidance, the Committee adopted a resolution changing the employee health insurance deduction method for 2019: deductions will be a flat 1.5% of total salary rather than a percentage of insurance costs based on salary. The motion carried.
Mayor Asay, Deputy Mayor Bethanne Patrick and Committeeman Emel signed the Group Affidavit pertaining to the 2017 Audit. The Committee did not record additional recommendations in the meeting minutes.
