FY 23 Approved Budget Book

OFFICE OF COMMUNITY AND ECONOMIC DEVELOPMENT Office of Economic Development Index #651000

FINANCIAL NOTES:

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE PERSONAL SERVICES increase of $212,658

620,764

703,831

83,067

Full-time salaries 83,067

Salary adjustments

92,189

92,189

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

85,600

94,330

8,730

Temporary Salaries

92,696

94,195

1,499

Pension adjustments

7,681

6,054

(1,627)

Workers' Compensation adjustments

243,495

233,464

(10,031)

Health Benefits are adjusted for an anticipated cost increase and staff opting for changes levels of coverage

47,250

57,440

10,190

Retirement Health Savings (RHS)

0

32,396

32,396

27th Pay Costs

0

11,472

11,472

Other Post Employment Benefits (OPEB)

740