Examples of Payroll Reserve in a sentence
Hourly labor costs can escalate over time due to several factors such as: • Employee Salary – This includes merit salary adjustments, bargained raises, and cost of living adjustments.• Payroll Reserve Assessment Rate (PRAR) – Caltrans employee benefits are applied using an additive percentage.• Indirect Cost Rate Proposal (ICRP) – Per SB 45 (1997) Caltrans must include functional indirect costs when calculating COS project costs.
This Employee Payroll Reserve accounts for the fiscal year beginning on October 1 with tax collections arriving the following January.
The County established the Payroll Reserve Fund for the purpose of accumulating resources to pay employees for compensated absences (time management leave and vacation leave).
These related to the Stable Pensions Payroll Reserve, the Community Right to Challenge and the Bursary Account.
Each Borrowing Base Certificate shall include a detailed calculation of the Payroll Reserve.