COUNCIL COMMUNICATION
TO: Honorable Mayor and Council
FROM: Tabatha Miller, Administrative Services Director
SUBJECT:Title
Adopt Resolution No. 17-3119 Approving a Payroll Deduction Agreement with Lake Havasu Unified School District No. 1 to Allow City Employees to Voluntarily Participate in the Extracurricular Activity Fee Program through Payroll Deductions for the 2017 Tax Year
Body
FUNDING SOURCE:
N/A
PURPOSE:
Adopt a resolution approving an Intergovernmental Payroll Deduction Agreement with Lake Havasu Unified School District No. 1 to allow City employees to voluntarily participate in the extracurricular activity fee program through payroll deductions for the 2017 tax year.
BACKGROUND:
The Extracurricular Activity Fee Tax Credit Program allows City employees to voluntarily request deductions be made from their biweekly pay in order to contribute to funding extracurricular activity fees. The contributions can be designated for a specific student, activity or to the program. Such contributions qualify for the Arizona State Tax Credit up to $400 for married filing jointly and up to $200 for single/widowed or head of household per Arizona Revised Statute § 43-1089.01.
COMMUNITY IMPACT:
The program offers parents and other interested parties an opportunity to pay extracurricular fees for school students and to receive an Arizona State Tax Credit.
FISCAL IMPACT:
N/A
ATTACHMENTS:
Resolution No. 17-3119
Payroll Deduction Agreement with Lake Havasu Unified School District No. 1
SUGGESTED MOTION:Recommended Action
I move to adopt Resolution No. 17-3119 approving the Payroll Deduction Agreement with Lake Havasu Unified School District No. 1 to allow City employees to voluntarily participate in the extracurricular activity fee program through payroll deductions for the 2017 tax year.