Current through Register Vol. 56, No. 18, September 16, 2024
(a)
Each municipality and county shall include a breakdown of accumulated absences
and a preliminary schedule of the value of compensated absence, to be submitted
as part of the local unit's introduced and adopted annual budget. The report
shall provide the following information:
1.
The gross number of days of accumulated absences and the dollar value of same
as of the final day of the prior budget year, broken down by:
i. Sick days, vacation days, personal days,
compensatory time, and other absence time; and
ii. Bargaining unit in the case of unionized
employees, and individual position in the case of nonunionized employees, with
those non-union employees holding more than one position reported based on the
accumulated absence liability for all positions held;
2. For each collective bargaining unit or
individual position, the legal basis for the benefit;
3. The number of individuals, regardless of
whether part of a collective bargaining unit, that are subject to restrictions
on accumulated absence compensation and/or accumulation pursuant to
P.L.
2007, c. 92 or
P.L.
2010, c. 3;
4. A summary of any offsetting reserves or
budgeted appropriations; and
5. For
municipalities, accumulated absence liability reporting shall be incorporated
into the municipal user-friendly budget pursuant to
N.J.A.C.
5:30-3.8. On an annual basis, the
municipality shall provide a copy of its accumulated absence liability
reporting to the municipal auditor.
(b) The annual audit required of every local
unit shall report, each year, on the value of compensated absence owed to
employees and the amount accumulated for payment. This information shall be
reflected in financial reports and the annual audit, as follows:
1. For municipalities and counties, in the
Notes to the Financial Statements;
2. For authorities, as a balance sheet
liability pursuant to Government Accounting Standards Board (GASB) Statement
Number 34 (1999), Basic Financial Statements--and Management's Discussion and
Analysis--for State and Local Governments, incorporated herein by reference, as
amended and supplemented; and
3.
For fire districts, on the Statement of Net Assets pursuant to GASB Statement
34.
(c) All compensated
absence calculations shall be made pursuant to GASB Statement Number 16 (1992),
Accounting for Compensated Absences (C. 60), incorporated herein by reference,
as amended and supplemented, and shall be subject to any restrictions on
accumulated absence compensation and/or accumulation pursuant to State
law.
(d) Budget appropriations for
compensated absences shall be shown on a single budget line in each local unit
budget.
