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5.11.14 Payroll Year and Employment Agreement Year
For income and payroll tax purposes, income is calculated on a calendar year basis. Therefore, many school employees' written agreements are split between two different tax years. The Department of Catholic Schools' fiscal year is from July 1 to June 30 and schools' budgets should conform to the fiscal year.
principal’s employment agreement begins on July 1 and concludes on June 30. A
teacher’s employment agreement begins as determined by each school; preferably, teacher agreements should be for 12 months. Teacher agreements for less than 12 months are discouraged. Principals should consult with the Department of Catholic Schools if they intend to have teacher employment agreements for eleven or ten months to address the complications that may arise with benefits administration.
All other school employees are paid according to the fiscal year: July 1 through June 30.