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The estimated consolidated budget, basgd on the 1991 approved budgets, <br />is adjusted for an inflation rate of <br />Estimated Consolidated Budget <br />1991 $ 11,118,265 <br />1992 $ 11,674,178 <br />1993 $ 12,257,886 <br />1994 $ 12,870,780 <br />1995 $ 13,514,319 <br />4. Salary costs will be developed using the average of top rates of <br />pay ranges for common job classifications. Only jurisdictions <br />affected by consolidation will be used for this calculation. <br />Estimated salary costs - $ 8,775,371 <br />5. Personnel benefits will be computed at a standard 33% of gross <br />salary. <br />$ 8,775,371 x .33 - $ 2,895,872 <br />Total personnel costs - $ 11,671,243 <br />Potential savings - <br />Net personnel costs - <br />$ 241,352 <br />$ 11,429,891 <br />6. The consolidated organization will not assume any significant <br />financial or personnel obligations of the pre - merged organizations. <br />The pre- merged organizations would be responsible for all liabilities <br />known and outstanding prior to the merger, including workers' <br />compensation, compensation time, lawsuits, unfunded pension liability, <br />accrued vacation, accrued sick leave, and severance pay. <br />Vacation $ 161,355 <br />Comp time $ 1,583 <br />Severance $ 404,035 <br />$ 566,973 <br />Workers' compensation and pension liability would not be affected. <br />Sick leave is exchanged for severance when the individual leaves one <br />organization. <br />7. All fixed assets would be transferred to the consolidated agency. <br />Clear title and property ownership would be included in this transfer <br />for the length of time that the property remains in public ownership. <br />St. Paul has 11 library buildings, a kiosk, and a bookmobile. (Space <br />is rented for the Kiosk and the West Seventh library). The system has <br />187,686 square feet of space. Estimated value of assets for St. Paul: <br />Page 38 <br />