FY 23 Approved Budget Book

TREASURY Water and Sewer Accounting Index #045000

FINANCIAL NOTES:

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE PERSONAL SERVICES increase $7,605

692,281

651,686

(40,595)

Full-Time Salaries (2,223)

Salary Adjustment

(38,372) (40,595)

Turnover

37,500

0

(37,500)

Temporary funding eliminated based on actual expense history

77,706 29,212

77,706 29,212

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

27th Pay

(20,196)

(20,196)

The net result of full-time staff transfers between divisions of Treasury: Salary Fringe Total (11,449) (8,747) (20,196)

79,901

71,686

(8,215)

Pension adjustments

2,700

2,251

(449)

Workers' Compensation adjustment

211,243

196,678

(14,565)

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

19,282 35,900

19,282

OPEB (Other Post Employment Benefits)

27,000

8,900

RHS (Retirement Health Savings)

55,829

49,854

(5,975)

FICA adjustments

375,105

401,425

26,320

CONTRACTUAL SERVICES increased $26,320 Additional funds provide for new billing software annual license

119,315

204,295

84,980

SUPPLIES AND MATERIALS increased $84,980 Printing Commercial and Office Mailing increased anticipating new mailing bid and postage increase

280