|
TO: |
Board of Trustees |
|
THROUGH: |
Jay Fox, Executive Director |
|
FROM: |
Viola Miller, CFO |
|
PRESENTER(S): |
Rob Lamph, Comptroller |
|
|
Winny Mugweh, Payroll Manager |
TITLE:
title
Disbursement: Employee Appreciation Holiday Gift
end
AGENDA ITEM TYPE:
Disbursement
RECOMMENDATION:
Approve the disbursement of the Holiday Appreciation Bonus to all employees.
BACKGROUND:
Historically UTA has given employees a grocery store gift card around the Thanksgiving holiday in appreciation for their hard work. In 2024 this was transitioned to a payment on the employee’s paycheck.
DISCUSSION:
Payment will be made via direct deposit or paper check depending on the employee’s current payroll selection. Disbursement will occur on a non-pay week to provide a distinct record of the gift. Disbursement is planned for November 21, 2025.
ALTERNATIVES:
Provide a physical card.
FISCAL IMPACT:
The cost for an estimate of 3,000 employees is $487,290. This includes a gross up for Social Security and Medicare taxes, so each employee receives a full $150 dollars. The final cost will depend on the number of active employees at time of disbursement.
ATTACHMENTS:
none