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8 <br /> Slide #14 <br /> FY2024-25 RECOMMENDED BUDGET <br /> EMPLOYEE COMPENSATION PACKAGE <br /> COUNTY • • • <br /> %Increase Total <br /> i Compensation Adjustment 4% $3,200,000 <br /> a Living Wage Adjustment 6% $75,000 <br /> Health&Dental Insurance 5% $640,000 <br /> Retirement Increase $530,000 <br /> 3RM Matching �$75,00 <br /> for <br /> 1-Compensation adjustment includes Merit and OlKadjustments of 4% <br /> 2-Living Wage Increase living wage for temporary employees from$16.60 <br /> per hour to$17.65per hour <br /> 3-Allow equitable dlstdbution of 401K supplement <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Slide #15 <br /> FY2024-25 RECOMMENDED BUDGET <br /> OUTSIDE AGENCIES <br /> • - i - I • <br /> FApproved <br /> Agencies Funded 42 52 38 3 <br /> Total $ 1,037,016 $ 1,969,914 $ 884,439 $ 162,776 <br /> ❑ Beginning in FY 2024-25, the agencies that are eligible to bill Medicaid <br /> and receive Maintenance of Effort(MOE)funds will be moved to the <br /> MOE fund and will be managed by Alliance. <br /> ❑ There were seven (7) new agencies requesting funding of$144,000, four <br /> (4) new agencies were recommended to receive funding for a total of <br /> $22,500. <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />