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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Appendix B (Continued)<br />
Personnel Cost for a Given Service Category<br />
(Including salary, fringe benefits, and optional cost-<strong>of</strong>-competing<br />
components)<br />
• Principal Officer<br />
J<br />
P .L Sj (1 + C + Rj + L)<br />
J=l<br />
where:<br />
P = Principal <strong>of</strong>ficer cost<br />
J<br />
Number <strong>of</strong> local <strong>of</strong>ficers<br />
S = Salary <strong>of</strong> <strong>of</strong>ficer<br />
C = Social Security rate<br />
R Local VSRS rate<br />
L = Group 1ife insurance rate<br />
50