OSPS E-News ~ Stale Dated Check Deadline Reminder

[Announcements from OSPS to the users of the Oregon State Payroll Application]

Payroll Professionals,

The August 29th deadline for completion of your due diligence on your agency's stale dated checks is fast approaching.


Here is a reminder of the steps you must take in order to be in compliance:


Your E701-030-A OUTSTANDING CHECKS TO BE PURGED FROM CHECK RECON report which lists outstanding checks, issued prior to July 1, 2012, that have become stale-dated is now on your PDF reports menu.  Please make sure you have the report dated 07/15/14.  If you do not see this report under your Quarterly and Yearly Run menu, then you do not have any stale dated checks.

Prior to OSPS reporting these checks as Unclaimed Property to the Department of State Lands, state agencies must exercise due diligence in an effort to find the rightful owner of the check (reference ORS 98.352).  Your goal is to contact the payee, request that they cash the check or assist them in completing a Lost Check Replacement Form.

Agencies Due Diligence Responsibilities

*         Required for checks with a value of $100 or more (highly recommend for all checks)

*         Required for all current employees regardless of the amount of the check. (You cannot turn over to State Lands if a current employee or vendor/Agency)

*         Make at least one attempt to contact the owner of the check no later than August 29, 2014

*         You may not charge the check owner for your efforts

Effective Methods to Locate Payee if Not a Current Employee

*         Phone directories

*         Internet

*         Letter to last known address

*         State records

Retain Documentation of Your Efforts

*         Keep records of your search for 5 years

*         Document phone calls to or from the payee

*         Letters to or from the payee

*         Returned mail

By August 29, 2014, complete your due diligence in attempting to locate the owner of the check.  If a check needs to be cancelled or rewritten, please send to OSPS with the appropriate form prior to September 15, 2014.   Also, no later than September 15th return a copy of your original list with notations regarding the results of your efforts.

If you have any questions regarding the list, appropriate forms, timelines or responsibilities please contact Melissa Tominaga, OSPS Accountant at 503-373-0738 or by email to Melissa.Tominaga at oregon.gov<mailto:Melissa.Tominaga at oregon.gov>.




For those of you who have already completed this task, thank you.  If any of you are struggling to complete this task, please contact Melissa Tominaga for assistance; she will gladly help you.

Thank you,

Matthew Riley, CPA
OSPS Application Analyst
DAS | Oregon Statewide Payroll Services
(503) 373-0254 - direct
(503) 378-3518 - fax
www.oregon.gov/das/egs/fbs/OSPS<http://www.oregon.gov/das/egs/fbs/OSPS>

Please note that my email has changed to matthew.riley at oregon.gov<mailto:matthew.riley at oregon.gov>

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