| | The direct cost to the Office of the Comptroller in requiring all payment of salaries to State employees is minimal since salary warrants issued by the Office are picked up by each individual State agency for distribution. However, any cost savings at the agency level is undeterminable by the Office of the Comptroller. Approximately, 89% of State employees are currently enrolled in the direct deposit program. Because of the percentage of employees who are already utilizing direct deposit for payroll, and assuming 100% compliance by the remaining State employees when the program is implemented, the annual cost savings for the Office of Comptroller would approximate $101,600, which includes the following: (1) Two Employees = $85,000; (2) Cost of warrant stock @$17.18/1,000 = $3,200; (3) IOC cost to mail 7,600 warrants (all others are picked up) = $3,400; (4) Printer and supplies cost (estimate) = $10,000. However, this savings would be lessened when factoring in an estimated $458,000 that would be necessary to implement a secure Internet website so employees can verify payment of their salary. This estimate includes: (1) Computer hardware and software expenses = $46,000 to $58,000; (2) Bandwidth expansion paid to CMS = $360,000; (3) Staffing personnel at implementation stage = $40,000. |