FY 23 Approved Budget Book

TREASURY Bureau of Accounting Index #043000

FINANCIAL NOTES:

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE

PERSONAL SERVICES increase $136,257

1,218,485 1,201,016

(17,469)

Full-Time Salaries 5,801

Salary Adjustment

(23,270) (17,469)

Turnover

(93,357)

(93,357)

The net result of full-time staff transfers between divisions of Treasury: Salary Fringe Total (62,830) (30,527) (93,357)

138,126 51,932

138,126 51,932 (18,720) (1,922) 41,353

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

27th Pay

18,720

0

Temporary salaries eliminated based on actual expense history

134,033 323,775

132,111 365,128

Pension Adjustments

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

34,393 71,800 91,877

34,393

OPEB (Other Post Employment Benefits)

67,500 93,214

4,300

RHS (Retirement Health Savings)

(1,337)

FICA adjustments

CONTRACTUAL SERVICES increases $650

127,700

128,350

650

Financial/Audit, Other Professional Services, and fax services increase slightly based on actual expenses

274