2014/15 Supplemental Documentation

Uses of Revenue

Cost of 1 Percent Compensation Increase, $30,535,000

Estimated 2014/15 Cost of 1 Percent Compensation Increase
  2013/14
Final Budget
2013/14
Retirement
Adjustment
2013/14
Adjusted
Base
2014/15 Cost
of 1 Percent
Compensation Increase
Faculty
Salaries $1,198,943,000   $1,198,943,000 $11,990,000
Retirement $209,815,000 $8,392,000 $218,207,000 $2,182,000
Social Security $86,923,000   $86,923,000 $869,000
Total $1,495,681,000 $8,392,000 $1,504,073,000 $15,041,000
Staff
Salaries $1,197,588,000   $1,197,588,000 $11,976,000
Retirement $257,754,000 $7,955,000 $265,709,000 $2,657,000
Social Security $86,122,000   $86,122,000 $861,000
Total $1,541,464,000 $7,955,000 $1,549,419,000 $15,494,000
Cost of 1% $3,037,145,000 $16,347,000 $3,053,492,000 $30,535,000
Cost of 3%       $91,605,000