Estimated budget impact under two salary increase scenarios.
$623,000
Estimated Net Impact$0
Estimated Net Impact| Description | 1% Salary Increase | 2% Salary Increase |
|---|---|---|
| Proposed Revenue Changes | ||
| State Appropriations / Insurance / Retirement Increase (Decrease) | ($1,836,170) | ($1,836,170) |
| Auxiliary / Fees / Contract Fees Increase (Decrease) | $83,960 | $83,960 |
| Housing and Meal Plans Increase (Decrease) | $594,495 | $594,495 |
| Property Tax Increase (Decrease) | $655,242 | $655,242 |
| Interest Increase (Decrease) | $1,693,144 | $1,693,144 |
| Miscellaneous Fees / Workstudy Increase (Decrease) | $162,118 | $162,118 |
| Total Estimated Proposed Revenue | $2,104,789 | $2,104,789 |
| Proposed Costs | ||
| Debt Service Increase (Decrease) | $2,577,704 | $2,577,704 |
| Full-Time Employees Salary Increase Including Benefits | $623,000 | $1,246,000 |
| Tiered Longevity Faculty and Staff | $491,000 | $491,000 |
| Health Insurance Increase | $440,798 | $440,798 |
| New Positions Increase (Decrease) | $1,000,000 | $1,000,000 |
| Position Realignment Increase (Decrease) | ($1,240,386) | ($1,240,386) |
| Operational Increase (Decrease) | ($2,410,327) | ($2,410,327) |
| Total Estimated Proposed Costs | $1,481,789 | $2,104,789 |
| Total Proposed Net Impact | $623,000 | $0 |