Funding of Constitutional Officers - Virginia Joint Legislative Audit ...

Appendix B (Continued)
Personnel Cost for a Given Local Office
(Including salary, fringe benefits, and optional cost-of-competing
components)
• Principal Officer
where:
Pj = Principal officer cost at local office j
Sj = Salary of officer at local office j
C = Social Security rate
Rj = VSRS rate at local office j
L =
Group life insurance rate
• Office Staff Cost for a Given Service Category
where:
O' = Office staff cost in 1oca1 office j
]
F· = Number of FTEs in 1oca 1 offi ce j
]
W= Weighted average salary*
C = Social Security rate
R· ]
VSRS rate at local office j
L = Group life insurance rate
For offices in the Northern Virginia Planning District, multiply
weighted average salary by cost-of-competing differential, if
option is chosen.
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