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14 <br /> Budget Summary <br /> Benefits (continued) <br /> These rates may be adjusted based on evolving news from the General Assembly or State <br /> Retirement System. The District is responsible for covering benefit increases associated <br /> with staff funded by the Local Operating Budget. <br /> The Federal Insurance Contributions Act (FICA) rate is anticipated to remain at 7.65% which <br /> would cost the District an additional $66,727. <br /> Also included in the continuation budget are cost associated with the Teachers and State <br /> Employees Retirement System (TSER) employer matching rate, estimated to increase from <br /> 24.67% to 25.68% as well as Employer Sponsored Health Insurance premiums, estimated to <br /> increase from $8,500 to $8,812 per employee. These estimated rate increases will cost the <br /> District an additional $381,814 <br /> Non-Personnel Operating Costs <br /> To account for the increasing costs of good and services required for day to day operations, <br /> a 4% inflationary adjustment has been included for non-salary related costs. Examples of <br /> these costs include utilities, transportation, instructional supplies, technology, maintenance <br /> and contracted services. <br /> Continuation Summary <br /> Description Total FY27 Cost Increase over <br /> Salary and Wages $ 24,056,420 $ 925,247 <br /> Benefits $ 9,236,755 $ 448,540 <br /> Non-personnel $ 15,471,903 $ 595,073 <br /> Total Estimated Continuation Costs $ 48,765,078 $1,968,861 <br /> A <br /> i r <br /> 1 <br /> s„ <br /> r <br /> 14 <br />