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4 <br /> 1 Slide #5 <br /> CONTINUATION SUMMARY <br /> Total Continuation Need: <br /> Continuation Item Cost <br /> salaries a nd wages 1,604,240 Breakdgwnl of ConWu&iron Need <br /> won.salor�Ms sx <br /> Required Matching Benefits 1,735,736 • <br /> Non-salaryopera ting Cosrs -0SS,3FF II,v i6. <br /> Toidl Budgeted Coninuaion Costi $3,824,775 <br /> P e rna IC,iriq D e fic l t a tt er R eve r7y e t_hanFa es: <br /> Budgeiory Consideration Impoot <br /> Total Con tin ation Costs before Reuen ue <br /> Chan qes b[3,824,775] sperl Pauur <br /> in la tion ary S penial 6isfiat Tax Revenue 568,384 <br /> h crease <br /> Tobi Con inu ai on Need after Rev en ue $(3,255,'41) <br /> Chan es <br /> Chap el HlF 0--.o-CSiy kh-1s Ich-,.rg THINK (AMD ACT) �. <br /> 2 <br /> 3 Commissioner McKee asked for more information regarding the increase for benefits. <br /> 4 Jonathon Scott said they have a 3% increase for the local wages, they have a base rate <br /> 5 of about $1,600,000 for local wages and if they add a 1% increase to the retirement rate, then <br /> 6 have to pay that additional rate. <br /> 7 Commissioner McKee asked if the retirement rate is above and beyond the salary. <br /> 8 Jonathon Scott said there has been an increase in the retirement rate almost every year <br /> 9 since he started in the field 25 years ago. He said when he started it was about 4% and now it is <br /> 10 25%. He said it can become quite a burden on the total budget. <br /> 11 <br /> 12 Slide #6 <br /> LU <br /> ===qr W <br /> LL <br /> Ellevatinig for the Fuiure <br /> i <br /> 13 <br />