2010/11 Executive Summary

Uses of Revenue

Estimated 2010/2011 Cost of 1 Percent Salary Increase

  2009/10
Final Budget
1
2009/10
Retirement
Adjustment
2
2009/10
Adjusted
Base
2010/11 Cost
of 1 Percent
Salary Increase
Faculty
Salary $1,252,384,000   $1,252,384,000 $12,524,000
Retirement 203,420,000 3,889,000 207,309,000 2,073,000
Social Security 91,273,000   91,273,000 913,000
Total $1,547,077,000 $3,889,000 $1,550,966,000 $15,510,000
Staff
Salaries $1,206,638,000   $1,206,638,000 $12,066,000
Retirement 188,814,000 $3,557,000 192,371,000 1,924,000
Social Security 85,002,000   85,002,000 850,000
Total $1,480,454,000 $3,557,000 $1,484,011,000 $14,840,000
Cost of 1% $3,027,531,000 $7,446,000 $3,034,977,000 $30,350,000
Cost of 2.5%       $75,875,000

1The 2009/10 final budget salaries above include campus 2009/10 final budget expenditures plus an adjustment to add back $273 million compensation reductions from 2009/10 employee furloughs.

22009/10 Member Categories, State Miscellaneous-Tier 1 increased from 16.574% to 16.917% (.343%) and State Peace Officer/Firefighter decreased from 26.064% to 25.848% (-0.216%); state 2009/10 retirement adjustment is on campus 2009/10 final budget salaries only.