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<br />Summary Explanation for Employee Benefits Graph <br /> <br />The graph is broken down into 3 categories: 1) the average budgeted merit increase <br />(includes benefits) per employee, 2) the additional insurance subsidies sent from the <br />General Fund to the Insurance Fund - converted to a per employee amount and 3) the <br />department contributions per employee that the City sends over per budgeted position. <br /> <br />In FY 2002 and FY 2003, the merit per employee was based on a funding pool of 5% - <br />employees were eligible to receive up to 7.5%. In FY 2004, the merit plan was <br />condensed and the funding pool was reduced to 3% - employees eligible for 0-5%. FY <br />2004 through FY 2007 is based on a 3% funding pool. <br /> <br />In FY 2002, FY 2003 and FY 2006, there were additional subsidies sent over from the <br />General Fund. The total subsidies were $1,500,000, $1,250,000 and $500,000 <br />respectively. In FY 2002 this is equitable to approximately a 15% pay increase; 12% for <br />FY 2003 and 5% in FY 2006. <br /> <br />The last category on the graph shows the contribution sent over per budgeted position per <br />year. The City contribution has increased each year as follows: <br /> <br />Fiscal Year <br />2003 <br />2004 <br />2005 <br />2006 <br />2007 <br /> <br />Increase over <br />Prior Year <br />29% <br />11% <br />3% <br />16.5% <br />15% <br /> <br />Dollar Increase <br />per Employee <br />$ 1000 <br />500 <br />150 <br />850 <br />900 <br /> <br />Raise <br />Equivalent <br />3.6% <br />1.9% <br />0.5% <br />3.0% <br />2.2% <br /> <br />2 <br />