FY 23 Approved Budget Book

TREASURY Office of the Treasurer Index #041000

FINANCIAL NOTES:

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE

PERSONAL SERVICES increase $120,833

492,816

507,049

14,233

Full-Time Salaries 14,233

Turnover

59,647

59,647

FY 23 merit increase of 3% and a COLA of 7% for all eligible employees

23,135

23,135

27th Pay Costs

54,210

55,775

1,565

Pension Adjustments

1,823

1,724

(99)

Workers' Compensation adjustment

112,166

119,466

7,300

Health Benefits are adjusted for a cost increase as well as staff opting for changes in levels of coverage

13,575

13,575

OPEB (Other Post Employment Benefits)

20,250

21,540

1,290

RHS (Retirement Health Savings)

34,736

34,923

187

FICA adjustments

4,415

4,415

0

CONTRACTUAL SERVICES no change in funding over FY 22 Funding provides for telephone service, etc.

271