Salaries & Benefits Budget Increase
| FY24 Budget | FY23 Budget | Variance | % Change | 10% Inflation | 14% Benefits | New FTE | New FTE Ben&PR Taxes | Bonus Pool Increase | New OT Budget | Total Variance |
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| 01 | Wages | 15,467,058 | 12,844,661 | 2,622,397 | 20% | 1,284,466 | 1,470,000 | 2,754,466 | |||||
| 02 | Overtime | 347,193 | - | 347,193 | 100% | 350,000 | 350,000 | ||||||
| 03 | Bonus | 1,100,000 | 750,000 | 350,000 | 47% | 75,000 | 275,000 | 350,000 | |||||
| 04 | PTO | 1,455,000 | 1,317,000 | 138,000 | 10% | 131,700 | 131,700 | ||||||
| 05 | Benefits + PR Taxes | 5,269,552 | 3,820,528 | 1,449,024 | 38% | 534,874 | 661,500 | 1,196,374 | |||||
| 06 | TPA/Flex Plan Fees | 30,000 | 30,000 | - | 0% | - | |||||||
| 07 | Retirees | 84,000 | 96,000 | (12,000) | -13% | - | |||||||
| 08 | Total | 23,752,803 | 18,858,189 | 4,894,615 | 26% | 1,491,166 | 534,874 | 1,470,000 | 661,500 | 275,000 | 350,000 | 4,782,540 | |
| Summary | New FTE's | ||||||||||||
| 11 | 1,500,000 | Inflation/wage increase estimated at 10% | 696,000 | 8 FTE's x $60k + 45% Benefits/Payroll Tax Load | |||||||||
| 12 | 535,000 | Estimated 14% increase to cost of benefits | 565,500 | 3 FTE's ($170 + $110 + $110) = $390k + 45% Load | |||||||||
| 13 | 2,131,500 | New FTE's + 45% Benefits + PR Tax Load | 348,000 | 2 FTE's x $120k + 45% Load | |||||||||
| 14 | 275,000 | Bonus Pool increase | 522,000 | 3 FTE's x $120k + 45% load | |||||||||
| 15 | 350,000 | New Budget Pool for OT in DA | 2,131,500 | ||||||||||
| 16 | 4,791,500 | ||||||||||||