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I-[APEL HILL- <br /> ARRBORO <br /> C-TY SCHOOLS <br /> HOARD OF EDUCATION'S ADOPTED LOCAL OPERATING BUDGET <br /> For the Budget Year 2020-2021 <br /> Total Cost Per Pupil <br /> Cost <br /> STUDENT ENROLLMENT PROJECTIONS: <br /> 2020-21 Student Enrollment Projection: 12,227 <br /> LOCAL CURRENT OPERATING BUDGET CONTINUATION COSTS <br /> Salary and Benefit Costs: <br /> Increase to Salary and Supplement Costs <br /> Salary Increases Required by NC Senate Bill 818 $ 587,500 $ 48.05 <br /> Orange County Living Wage Compliance 230,000 18.81 <br /> Total Increase to Salary and Supplement Costs 817,500 66.86 <br /> Increase to Employer Matching Benefit Costs <br /> Matching Social Security and Medicare(7.65%) 62,500 5.11 <br /> Matching State Retirement(21.68%)(Fixed) 466,000 38.11 <br /> Premium Increase m Health Insurance Cost from$6,306 to$6,647(Fixed) 279,500 22.86 <br /> Total Increase to Employer Matching Benefit Costs 808,000 66.08 <br /> Total Increase to Salaries and Benefits 1,625,500 132.94 <br /> Operational Costs: <br /> Additional Operational Costs for Custodial Contract(OC Living Wage Requirements) 528,000 43.18 <br /> Upkeep cost($1.771square foot) 43,000 3.52 <br /> Utility cost($1.43lsquare foot) 35,000 2.86 <br /> R <br /> Total Increase for Operational Costs 606,000 49.56 <br /> Total Continuation Budget Costs $ 2,231,500 S 192.51 <br /> 26 <br />