2007-08 Adopted Plan - Wake County Public School System

Budgetary AssumptionsStudent membershipWCPSS2006-07 2007-08 Increase %128,072 136,086 8,014 6%Charter Schools 4,304 4,694 390 9%132,376 140,780 8,404 6%Full-time or parttime(20 hours ormore) employeesLongevityFRINGE BENEFITS10 but less than 15 years15 but less than 20 years20 but less than 25 years25 or more years1.50% current annual pay rate2.25% current annual pay rate3.25% current annual pay rate4.50% current annual pay rateSalary IncreasesSalary increases for certifi ed employees are estimated at seven percentaverage increase. Salary increases for central offi ce administrative staffand noncertifi ed employees are estimated at three percent increase.Salary increases for the Board of Education member fees are estimatedat fi ve percent.Non-personnelitemsIndirect Cost (computedon all grant expendituresexcept equipment andunbudgeted amounts)4.435% Restricted 2006-0713.995% Nonrestricted 2006-07Fringe BenefitsMatching employer benefi t costs should be calculated in addition tosalary data. A chart of the most current rates are shown below.FRINGE BENEFITSFull & Part-timeemployeesFull-timeemployees (75%or more)Social SecurityWorkers’ CompensationRetirementHospitalizationUnemployment Ins.Dental7.65% of gross salary$0.30 per $100 professional$1.62 per $100 nonprofessional7.14% of gross salary$3,854/year 2006-07$4,047/year 2007-08$4,249/year 2008-09$4,461/year 2009-100.012% of the fi rst $15,500salary$19.33/mo. or $232/year340