Photo by Karl Steinbrenner Fiscal Officer Training 2008 Payroll Presented By: Lora George, Director, State Payroll Operations and Charge Card Administration.

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Presentation transcript:

Photo by Karl Steinbrenner Fiscal Officer Training 2008 Payroll Presented By: Lora George, Director, State Payroll Operations and Charge Card Administration

August 2008 Payroll 2 Why should you care? Payroll services = $5.6 billion in FY04 Over 50% of many agencies’ budgets High Risk High Exposure Employee Morale

August 2008 Payroll 3 Internal Controls are a Key Factor Objective: to ensure payroll disbursements made with proper authorization to bona fide employees Disbursements are properly recorded and meet legal requirements

August 2008 Payroll 4 Internal Control Principles Separation of Duties Training and Supervision Authorization and Approval Review and Reconciliation Security of Confidential Records Documentation

August 2008 Payroll 5 Separation of Duties Different people performing key payroll functions Payroll employees should not process actions affecting their own pay Payroll personnel should not be responsible for distributing checks or earnings notices

August 2008 Payroll 6 Training and Supervision Payroll personnel should be sufficiently trained Periodic retraining is suggested Backup personnel is a necessity to ensure payroll processing goes undisrupted Semi-annual CIPPS training provided

August 2008 Payroll 7 Authorization and Approval Payroll entries must be consistent with policy Transactions must be authorized and documented

August 2008 Payroll 8 Review and Reconciliation Regular reconciliations are essential Pay Period: pre and post reviews for certification (CIPPS/FINDS and PAT) Monthly: Health Care; Retirement Quarterly: Validation of Form 941 reporting Yearly: Validation of Form W-2 amounts

August 2008 Payroll 9 Security Protect employee information Restrict access to personnel records Review security access periodically Remove security access immediately upon employee separation from position

August 2008 Payroll 10 Payroll Documentation Policies and procedures should be well documented and updated timely CAPP manual on DOA’s website – CIPPS Personnel/payroll changes supported by documentation Use attachments/footnotes for corrections or adjustments

August 2008 Payroll 11 Payroll Direct Deposit 80,250 participate Increases security and control Saves time Ensure funds received on payday

August 2008 Payroll 12 Payroll Direct Deposit Mandate Effective August 1, 2008 All new hires and rehires required to receive pay electronically Financial institution of employee’s choice or EPPICard Exceptions must be granted by DOA

August 2008 Payroll 13 Payroll Direct Deposit Mandate DOA not mandating direct deposit statewide yet Effective August 1, 2008 individual agencies may implement a mandatory DD policy Such policies must be clearly documented and communicated

August 2008 Payroll 14 Payroll Payline 39,500 employees participate Convenient, secure, accessible 24 months of data Early access to payroll information Leave data for current period vs prior period W-2 data before printed W-2s are available and more information

August 2008 Payroll 15 Payroll Earnings Notice Opt Out 19,200 employees opt out Central print and agency distribution savings Agency can make election to opt out from printed notices Global opt out can be for the entire agency, salaried only or wage only An enhancement is forthcoming to opt out by organizational code

August 2008 Payroll 16 Payroll Payline/Opt Out mandate Effective January 1, 2009 All employees with access to state-issued computers with internet access required to opt out of printed earnings notice

August 2008 Payroll 17 Payroll Contacts –US Mail: Payroll Operations Virginia Department of Accounts PO Box 1971 Richmond VA