Payroll Rates & Limits 2025

Attached is the Payroll Rates & Limits for 2025. The highlights are:
* The California minimum wage increases to $16.50
* IRS standard mileage rate increases to 70.0 cents per mile.
* The 403(b) and 457 contributions limits increase to $23,500, and for employees age 50 and over to $31,000. * A new higher catch-up contribution limit applies for employees aged 60, 61, 62 and 63 who participate in these plans. For 2025, this higher catch-up contribution limit is $11,250 instead of $7,500.
* Medical Flex Spending Arrangement (FSA) Reimbursement increases to $3,300.
* Social Security wage cap increases to $176,100 with the contribution limit to $10,918.20.
Escape has been updated.
Regards, School Business Advisory Services Team Santa Barbara County Education Office www.sbceo.org/sbas<www.sbceo.org/sbas>
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Holiday Closure Treasurer-Tax Collector’s Office – 12/25/2024-01/01/2025

Accounts Receivable – End of Calendar Year 2024
Please be advised that the Santa Barbara County Treasurer-Tax Collector’s Office will be closed from December 25, 2024 – January 01, 2025. This includes the Santa Barbara and Santa Maria locations.
Their offices will reopen on January 2, 2025.
The last day for deposits sent to our office to have a deposit record date in 2024 will be December 19, 2024. Deposits received after this date will have a recorded date of 2025.
Please feel free to contact Daisy Lazaer (805) 964-4711 x5295 or Chris Rhodes (805) 964-4711 x5226 with any questions.
Regards, School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox. Visit our website: www.sbceo.org/sbas<www.sbceo.org/sbas> To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>

Reminder: Accounts Payable – Holiday Schedule Dec 2024

Dear School Business Professionals,

Accounts Payable – Holiday Schedule
The Santa Barbara County Education Office will be closed December 23rd through December 25th and December 31st through January 1st. We will be auditing all regular AP submissions through Friday, December 20th.
* A winter recess from the regular Accounts Payable submission schedule will occur December 23rd through January 1st. * The regular AP schedule will resume on January 2nd. * Deliveries will be scheduled as noted in the AP Calendars<sbasweb.sbceo.org/purchasing/accounts-payable-processing> during the AP break.
Please review your district’s Accounts Payable calendar located here<sbasweb.sbceo.org/purchasing/accounts-payable-processing> and the impact the upcoming holidays will have on your Accounts Payable submission and delivery schedule.
Please contact Alejandro Baeza at 805-964-4710 x5372 or abaeza@sbceo.org<mailto:abaeza@sbceo.org> if any special arrangements are needed for your district’s AP during the holiday schedule.
Happy Holidays!
Regards, School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox. Visit our website: www.sbceo.org/sbas<www.sbceo.org/sbas> To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>

Escape Production System updated

Hello all,

Please take note, as of 11/7/2024 . . .

…we have updated Escape Production to v24.03

* 1099 Processing – The 2024 tax year tables have been installed, allowing you to load your Vendor 1099 data and begin working your list.
* W2 Processing – The 2024 tax year tables have been installed, allowing you to load your Employee W2s now and begin working your list.

* Change Notices – A new history message “Change notice # xxx initiated” is now present in Vendor Requisitions that require a change notice to be created. Also, the change notice will not be immediately generated, but instead will be created when the last approver approves the requisition.

* Leaves – The Load Leaves task has been updated to allow more time to load large number of transactions.
Please review the Release Notes while logged into Escape. Click Online Resources > Release Information.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
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Escape Issues Resolved

Hello School Business Professionals,
As of 11am today, 11/4/2024, Escape is accessible to all users.
We apologize for any inconvenience this may have caused.
If, by chance, users are still encountering disconnects or error messages, please have them call
SBCEO IT Services at (805) 964-4710 ext. 5250
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>