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5 <br /> 1 Slide #7 <br /> FY2024-25 RECOMMENDED BUDGET <br /> EDUCATION—5%INCREASE <br /> Durham Technical FY2023-7,4 I ounlyI' <br /> Community College Base quest <br /> i <br /> Budget <br /> 7e .__end <br /> I• <br /> Current Expenses $ 900,346 $ 1,157,360 $ 945,363 $ 45,017 <br /> Capital Outlay` $ 75,000 $ 100,000 $ 75,000 $ - <br /> Innovation Hub* $ 20,000 $ 20,000 $ 20,000 $ <br /> Back to Work Initiative*$ 100,000 $ 100,000 $ 100,000 $ - <br /> Durham Tech Promise* $ 200,000$ 200,000$ 200,000 $ <br /> Small Business Center <br /> Coordinator* $ 70,000 $ 70,000 $ 70,000 $ - <br /> Apprenticeship <br /> Coordinator* $ $,249 $ 8,755 $ 8,755 $ 506 <br /> 'Funded in Article 46,outside of fere General Fund <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #8 <br /> FY2024-25 RECOMMENDED BUDGET <br /> EMPLOYEE COMPENSATION PACKAGE <br /> COUNTYi <br /> %Increase Total <br /> Compensation Adjurtment 4� $3,200,000 <br /> 2 Living;Wage Adjustment 6% 575,000 <br /> Health&Dental Insurance 5% $640,000 <br /> Retirement Increase 6% $530,000 <br /> 3Rcmove Matching Requirement for $75,000 <br /> 40fk W <br /> I-Compensation adjustment include,Merit and 401Kadjustments of 4% <br /> 2 Living Wage Increase lit7ng nage ior temporary employees from$166V <br /> per hour to$17.d5 per hour <br /> 3-Allow-equitable distribution of 481K supplement <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 5 <br /> 6 <br /> 7 <br /> 8 <br /> 9 <br /> 10 <br />