Common use of Accounts and Balances Clause in Contracts

Accounts and Balances. Payroll will set up accounts for each employee for MTO accumulated each pay period by payroll deduction, and MTO taken which will be credited each pay period for Holiday Closure or floating MTO days taken. It is the Department’s responsibility to monitor, authorize and schedule MTO days to ensure employees are given the opportunity to take the full number of MTO hours assigned per fiscal year, and that employees do not exceed the full number of MTO hours assigned per fiscal year through the last full pay period of the corresponding fiscal year. At the close of the 2011/2012 fiscal year any balance in the MTO accumulated account (MTO due to the employee) will remain in the employee’s account to be taken during following fiscal years until depleted. Employees must use any accumulated MTO prior to using vacation or compensatory time off. If at the close of the 2011/2012 fiscal year any employees with a balance remaining in the MTO taken account (MTO owed to the County), MTO deductions will continue into the next fiscal year until the balance is offset. MTO shall be prorated for part-time employees based upon their FTE (full-time equivalent). The goal of the amortized reductions is to accrue the necessary salary saving equitably over the same multiple pay periods. Amortized MTO hours shall continue to apply to periods of vacation, holiday, compensatory time off, or sick leave hours taken.