ACCOUNTING AND BUDGETING FOR PUBLIC HEALTH ADMINISTRATION Fringe Benefit Analysis-Summary of Assumptions Budget Category Total Annual Salary (for Category) Salaries- Full-Time Staff Nurses (3 FTEs) Doctors (2 FTEs) Administrator (1 FTE) $180,000. $200,000 $150,000 $100,000 Technicians (2 FTEs) " All nurses are female. 1 Doctor is male and 1 is female. The Hospital Administrator and the Technicians are female. The Hospital administrator and the technicians have opted for family coverage on their medical benefits Component of Benefits Cost 7.65% of salaries; apply to entire salary: ignore maximum for FICA Social Security Taxes NY State Unemployment Insurance 3.0% of salary up to first $3.500 of salary per employee 333% of salary $120/year for males Workers' Compensation pisability Insurance $340/year for females Medical Insurance $350/month for single $900/month for family 10% of salary on full-time employees only 403 (B) Pension contribution Employees are eligible to participate in the family medical plan. However, the differential from the single rate must be covered by them personally and does not represent a cost to the hospital 1a. vhat is the hospital's effective benefit rate for full-time staff? -- 9- ?wrap Tet General Times New Roma-12-. Aa" Copy , Format Painter ell u .- O-a- -- Merge & Center-s-% , Paste Alignment Number Clipboard Font K27 1 Fringe Benefit Budget 2 Full-Time Staff 3 Year Ending December 31, 2015 FY 2011 Total FY 2011 Social NYS Medical Disabilit Workmans 403BTotal Salaries Comp Cont Benefits &Benefits a) 2) (3)(3) Salary SecurityU e Execufve Dir. 0 255 255 255 10 Doctor 255 0 255 0 255 0 255 0 255 0 255 255 0 255 255 255 255 0 255 25 o255 o 255 " 255 , 255 13 15 235 255 255 24 Total Full nme Bemefit Rate: NDIV/O 27 (1) 7.65% (2) 3.00% on first SS,500 (3) Vendor Estimate (4) Effective Policy Rates individual% Type here to @.1