2015/16 Supplemental Documentation

Uses of Revenue

Cost of One Percent Compensation Increase, $32,674,000

Estimated 2015/16 Cost of One Percent Compensation Increase
  2014/15
Final Budget
2014/15
Retirement
Adjustment
2014/15
Adjusted
Base
2015/16 Cost
of One Percent
Compensation Increase
Faculty
Salaries $1,266,352,000   $1,266,352,000 $12,664,000
Retirement $253,270,000 $38,966,000 $292,235,000 $2,922,000
Social Security $91,811,000   $91,811,000 $918,000
Total $1,611,433,000 $38,966,000 $1,650,398,000 $16,504,000
Staff
Salaries $1,253,537,000   1,253,537,000 $12,535,000
Retirement $248,302,000 $36,706,000 $285,008,000 $2,850,000
Social Security $87,495,000   $87,495,000 $875,000
Total $1,589,334,000 $36,706,000 $1,626,040,000 $16,260,000
Cost of 1% $3,200,767,000 $75,672,000 $3,276,438,000 $32,764,000
Cost of 2%       $65,528,000