Funding of Constitutional Officers - Virginia Joint Legislative Audit ...
Funding of Constitutional Officers - Virginia Joint Legislative Audit ...
Funding of Constitutional Officers - Virginia Joint Legislative Audit ...
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AppendixB<br />
Mathematical Formulas Used to Calculate<br />
Personnel Costs for <strong>Constitutional</strong> <strong>Officers</strong><br />
Weighted Average Office Salary<br />
W<br />
I<br />
[ (I X z ) Y g ]<br />
g=l<br />
z=l<br />
Z<br />
G<br />
Z<br />
G<br />
I Yg<br />
g=l<br />
where:<br />
W= Weighted average <strong>of</strong>fice salary (not including principal<br />
<strong>of</strong>ficer)<br />
G =<br />
Z =<br />
x =<br />
Y =<br />
Number <strong>of</strong> salary grades<br />
Number <strong>of</strong> steps in each grade<br />
Salary in each step<br />
Number <strong>of</strong> positions in each grade<br />
44