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Committee directs $1,500 pension calculation for SRO hourly rate
Summary
The committee authorized Lauterbach & Amen to calculate an hourly rate that incorporates pension costs for the school resource officer at a cost of $1,500, which Director of Accounting Jan Colvin said the city would recoup in the first quarter.
The Palos Heights Finance Committee on July 14 approved directing accounting firm Lauterbach & Amen to calculate an employee hourly rate that includes pension costs for the school resource officer (SRO). Director of Accounting Jan Colvin told the committee the calculation will cost $1,500.00 and projected the city would recover that cost within the first quarter.
"It will cost $1,500.00 to run the calculation and the City will make their money back in the first quarter," Jan Colvin said while presenting the estimate. Alderman Key moved to authorize the calculation; Alderman Scully seconded and the motion passed on a unanimous voice vote.
The minutes do not list a timetable for delivering the calculation or how the rate would be implemented in payroll, nor do they specify which department will publish the new rate; follow-up administration was implied but not recorded in the minutes.
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