1987-010 RESOLUTION 87- 10
WHEREAS, All City Employees
hired after March 31 ,1986
must contribute 1 . 45% of their
wages to FICA II ; and,
WHEREAS , City of Southlake must
contribute a like amount of 1 . 45% ;
and,
WHEREAS, The City of Southlake did
not deduct FICA II contributions from
employees ' wages in 1986 ; now,
THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SOUTHLAKE , TEXAS , THAT:
The City of Southlake should have deducted $1 ,455 . 92
from the wages of 19 employees during 1986 . Of the
19 employees , one no longer is employed by the City.
The City of Southlake owes the IRS a like amount of
$1 ,455 . 92 and the City must pay the IRS $2 ,911 . 84
by February 2 ,1987 or incur a penalty for late
payment .
City funds in the amount of $3 ,837 . 37 will be required
to match employees contributions for the remainder
of FY1987 . A total of $5 , 293 . 29 ($1 ,455 . 92+$3 ,837 . 37)
must be included in the FY87 budget .
A recommendation is made that the City forgive the
employees in the amount of $1 ,455 . 92 for 1986 contri-
butions not collected by the city during 1986 .
PASSED AND APPROVED THIS THE 20th day of January ,
1987 .
—;;;;
�yor , ,0. L t Jr .
ATT ST :
tySecretar