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3 <br /> Slide#3 <br /> LU <br /> LL <br /> LL <br /> Continuation Request <br /> Keeping Our Schools Strong <br /> Jonathon Scott said there are no legislated increases included in this budget. He said <br /> allocations may look different if the General Assembly ends up passing any legislation that would <br /> increase expenses for school districts. <br /> Slide #4 <br /> CONTINUATION BUDGET COST DRIVERS <br /> A continuation budget ensures that our schods can mcintoin essentid operations,sustan current programs,aid adjust for rising <br /> o as is Wthout disruption.R covers n ecessary e>qoenses such as salary increases,benefits,and inflationary adjustments to keep our <br /> distriot running effectively. <br /> + Sdaies 8 Wages-$1,60d,2d0 <br /> ■ Estimated 3%3alary increcme for all staff <br /> ■ holuds$1,19Z330forbase salaries and$411,910for local supplements <br /> ■ Adjustments may be needed based on the final NC General Assemblybudget <br /> Be neflt Increases-$1,735,136(F7J%m creorse) <br /> ■ Employer-required contributions for FICA,TS ERS,and health insurance <br /> ■ TSERS rate rising tom 2404%to 2&66%.�F&89.5 increase) <br /> ■ Health insurance pre rriums inorecming tom$8,045to$8,373 per employee(+a493 Acrearse) <br /> Other Non-Salaried Operating Ccsts-$d85,399 <br /> ■ 3%inflationay adjustment to sustain daily operations <br /> ■ Cover utilities,transportation,instructional moterids,techno logy,and othe r non personnel expendtures <br /> Budget Estimates 8 Ake ihodology <br /> ■ In the obsenoeoffornalguidance from the NCGeneralAssembly,these prcjeotions were estimated using li near r egress ion <br /> ❑ndysis based on historical trends and ontoipoted post ohanges. <br /> Chapclkl1< b..City I{h-$,erg THINK (AND ACT) <br />