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Staff Report to set Unemployment Comp rate
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2018-01-16 10:00 AM - Commissioners' Agenda
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Staff Report to set Unemployment Comp rate
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1/16/2018 3:23:21 PM
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1/16/2018 9:06:53 AM
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Meeting
Date
1/16/2018
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Alpha Order
n
Item
Request to Approve a Resolution Adopt the 2018 Internal Rate of Unemployment Compensation
Order
14
Placement
Consent Agenda
Row ID
41806
Type
Resolution
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Kittitas County <br />Board of County Commissioners <br /> <br />Agenda Staff Report <br /> <br />Agenda Date: January 16, 2018 <br /> <br />Action Requested: Request the Board to adopt a Resolution to adopt the 2018 Internal Rate of <br />Unemployment Compensation. <br /> <br />Background: <br />For years Kittitas County has had the fund 511 Unemployment Compensation and charged departments and <br />funds for unemployment charges. <br /> <br />All local governments have a choice between either the Option 1 ‐ Tax Basis or Option 2 ‐ In‐lieu contribution <br />basis for making payments to the Department of Employment Security (DES) per R.C.W. 50.44.030. The State <br />auditor prescribes the accounting for Option 2 ‐ In‐Lieu Contribution (Reimbursement) R.C.W 50.44.060. The <br />choices for accounting for Option 2 are Method A; create an internal service fund or Method B; participate <br />with other local governments; Kittitas County uses Method A. <br /> <br />The amount of these cash contributions depends on the estimate of future unemployment claims. The <br />estimates should be adjusted periodically, based on an experience. There may be different rates for <br />departments and funds within the same government. The periodic cash contributions from operating funds <br />will be charged to the functional expenditure/expense accounts in the operating funds in the same manner as <br />premium payments paid to the DES. Payments to the DES must be made from the Unemployment <br />Compensation Fund. Interest earnings on investment of the contributions may be used for the benefit of the <br />Unemployment Compensation Fund (thereby reducing charges to the operating funds) or the general (current <br />expense) fund per RCW 35.39.034. <br /> <br />This rate was established during the preliminary budget process. The rate was established by taking the yearly <br />charges paid for unemployment divided by the total yearly unemployment wages, to get the percentage, and <br />averaging the rate over the past 2 years. The average rate for 2018 would be .0042. The amount used to <br />prepare the 2018 budget was .0025. The fund balance as of was December 31, 2016 of $188,524, which is <br />sufficient for operation of the fund. After discussion, at a scheduled Finance Study Session on December 21, <br />2017, the Board of County Commissioners, recommended the rate for 2018 to be .001000. <br /> <br />Year Claims Unemployment wages Rate of claims to wages <br />2012 28,078.12 12,549,608.82 .0022 <br />2013 59,321.88 12,785,039.67 .0046 <br />2014 47,816.65 13,920,762.08 .0034 <br />2015 26,591.60 14,057,348.15 .0019 <br />2016 31,776.39 13,959,468.70 .0023 <br /> Average Rate .0042 <br /> <br />The actual rate in adopted in 2017 was .002663. <br /> <br />Recommendation: Recommend the Board approve and sign the Resolution to adopt the 2018 internal rate for Unemployment <br />Compensation. <br /> <br />Handling: Original to Judy Pless, Budget & Finance Manager <br /> <br />Lead Staff Judy Pless, Budget & Finance Manager <br />Kittitas County Auditor’s Office
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