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34 <br /> 1 Slide #8 <br /> FY 2025-26 Expenditure Budget <br /> Cost to Continue Personnel Assumptions <br /> Wage Adjustment-$800,000 for each I% <br /> Merit Performance Awards-$440,000 <br /> Increase of Employer Health Insurance Contribution-6.5%-$700,000 <br /> Increase of Employer Retirement Contribution Rate-6%Per LGERS rate stabilization program-$500,000 <br /> Maintain Living Wage <br /> Right size Overtime-$600,000 <br /> Increase to Retiree Health-5%at$160,000 <br /> Annualize Library Personnel Costs-$100,000 <br /> Increase Employer Dental Insurance Contribution-4%at$20,000 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #9 <br /> FY 2025-25 Expenditure Budget <br /> Potential New Operating Costs <br /> Support for Existing Operating Costs <br /> - Increased Software as a Service Cost-$500,000(Financial System Cloud Upgrade+ New Programs) <br /> - Bonds and Insurance-$200.000 <br /> Continuation of Enhanced Programming <br /> - Expanded Funding for County Child Care-$750,000 <br /> - Expiration of Grant Programs-CARE Team and CJRD Mental Hea€tl}$300.000 <br /> - Annualized Aging Programming(take out meals and Phome services) -5180,000 <br /> - Transfer to Debt Service Fund-pending the size of Spring borrowing <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 5 <br /> 6 <br /> 7 The Board took a break at noon for a group photo and lunch. <br /> 8 <br />