2016/17 Supplemental Documentation

Uses of Revenue

Cost of One Percent Compensation Increase, $34,776,000

Estimated 2016/17 Cost of One Percent Compensation Increase
  2015/16
Final Budget
2015/16
Retirement
Adjustment
2015/16
Adjusted
Base
2016/17 Cost
of One Percent
Compensation Increase
Faculty
Salaries $1,334,871,000   $1,334,871,000 $13,349,000
Retirement $285,423,000 $11,613,000 $297,036,000 $2,970,000
Social Security $95,443,000   $95,443,000 $954,000
Total $1,715,737,000 $11,613,000 $1,727,350,000 $17,273,000
Staff
Salaries $1,330,263,000   1,330,263,000 $13,303,000
Retirement $316,067,000 $11,143,000 $327,210,000 $3,272,000
Social Security $92,848,000   $92,848,000 $928,000
Total $1,739,178,000 $11,143,000 $1,750,321,000 $17,503,000
Cost of 1% $3,454,915,000 $22,756,000 $3,477,671,000 $34,776,000
Cost of 2%       $69,552,000