2007-08 Adopted Plan - Wake County Public School System

Budget by Object Code - Operating BudgetFY 2007-08Object Code State Local Federal TotalState-Designated Stipend $0 $124,155 $0 $124,155Staff Development Participant Pay $279,435 $122,986 $3,760 $406,181Staff Development Instructor $39,929 $246,493 $396,444 $682,866Tutorial Pay $59,426 $38,350 $65,014 $162,790Overtime Pay $117,906 $1,823,865 $0 $1,941,771Extra Duty Pay $1,442,260 $8,731,166 $605,042 $10,778,4680% 2% 1% 1%SALARIES TOTAL $521,689,961 $204,022,220 $36,309,640 $762,021,82176% 50% 64% 66%EMPLOYER PROVIDED BENEFITSEmployer's Social Security Cost $39,976,877 $15,592,635 $2,774,091 $58,343,603Employer's Retirement Cost $37,073,306 $14,137,332 $2,494,065 $53,704,703Federal Insurance Compensation Act $77,050,183 $29,729,967 $5,268,156 $112,048,3067% 3% 0% 10%Employer's Retirement Cost-Re-employed RetiredTeachers not Subject to the Cap $0 $0 $6,601 $6,601Retirement Benefits $0 $0 $6,601 $6,6010% 0% 0% 0%Employer's Hospitalization Insurance Cost $50,438,187 $13,174,892 $3,039,753 $66,652,832Insurance Cost $0 $1,560,255 $108,831 $1,669,086Employer's Unemployment Insurance Cost $0 $176,089 $0 $176,089Employer's Dental Insurance Cost $0 $3,514,285 $187,262 $3,701,547Insurance Benefits $50,438,187 $18,425,521 $3,335,846 $72,199,5544% 2% 0% 6%EMPLOYER PROVIDED BENEFITS TOTAL $127,488,370 $48,155,488 $8,610,603 $184,254,46119% 12% 15% 16%SALARIES AND EMPLOYER PROVIDED BENEFITSSALARIES AND EMPLOYER PROVIDED BENEFITSTOTAL $649,178,331 $252,177,708 $44,920,243 $946,276,28294% 61% 79% 82%PURCHASED SERVICESContracted Services $9,576,229 $28,025,577 $1,536,153 $39,137,959Workshop Expenses/Allowable Travel $1,343,877 $2,060,391 $3,946,333 $7,350,601Advertising Cost $0 $123,524 $500 $124,024Printing and Binding Fees $157,554 $929,474 $21,650 $1,108,678112