Pad 505 Assignment 2 The Capital Budget

Assignment 2: The Capital BudgetCassandra NumaAmbroiseStrayer UniversityPublic Budgeting & FinancePAD 505Dr Philip NeelyMay 12, 2017Assignment 2: The Capital BudgetPayroll ForecastThe employee compensation package for Worthington City School District is made of two components. These are employee salaries and benefits. Employee benefits consist of contributions to a Workers Compensation Self-Insurance Fund at the rate of 0.8% of the payroll and contribution to Medical Self-Insurance Fund. The total employee compensation budget for Worthington City School District for 2016 is $ 105,503,248. This is made up of employee salaries at $76,056,166 and employee benefits at $29,447,082. Employee compensation can be classified into instructional services, support services and extracurricular activities. The employee compensation budgets for these classifications are $ 70,771,347, $ 32,889,554 and $ 1,842,347 respectively. The salary component for instructional services is $ 51,222,420, $23,288,529 for support services and $ 1,545,217 for extracurricular activities. The benefits for the three classifications are $ 19,548,927, $ 9,601,025 and $ 297,130.A 2% increase in employee compensation costs would result in an increase of $ 1 million,and 4% increase would result in a cost increase of $ 4 million and $