FY 24 APPROVED OPERATING BUDGET

COUNTY COUNCIL HarfordTV Index #406000

FINANCIAL NOTES:

FY 23 FY 24 CHANGE EXPLANATION OF INCREASE/DECREASE

PERSONAL SERVICES decrease ($22,753)

441,225 451,230 10,005 Full Time Salaries 10,005

Salary adjustment

108,301 88,375 (19,926) Health Benefit calculations adjusted for consistency in position budgeting in level of coverage

4,365 3,089 (1,276) Workers' Compensation Adjustment 28,720 31,310 2,590 RHS (Retirement Health Savings) 7,147 7,147 0 OPEB (Other Post Employment Benefits) 18,268 0 (18,268) 27th pay costs for FY 23 eliminated for FY 24 48,535 51,892 3,357 Pension adjustments

270,410 300,410 30,000 CONTRACTUAL SERVICES increase $30,000

Additional funds are provided to refurbish the HarfordTV offices at Harford Community College per County Council's request

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